According to the meters of the Azerbaijan State Customs Committee, from January to November 2013 Azerbaijan exported 1,486,000 tons of oil products.
According to the Customs Committee, during this period export of oil products totaled $1,097,000,000. This means that 1 ton of oil product was exported at an average price of $738.
Oil products export dropped by 9.64% in rice equivalent against the same period last year. Oil products constituted 4.99% in total volume of export. During 2012 Azerbaijan exported 1,614,000 tons of oil products. Last year oil products were exported to the amount of $1,321,000,000. Oil products export decreased by 370,000 against 2011.
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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