In 2014, imports of petroleum products and electricity into Azerbaijan amounted to $ 297.9 million. This is more than two times higher than in the previous year, according to the State Customs Committee.
Due to a technical upgrade of its refineries, Azerbaijan since 2013 began to import high-octane gasoline. There are no data on the volume of its imports in annual terms. For the first nine months of 2014 purchased abroad were 182.9 tons of gasoline, including 64,820 tons of Premium brand sold in Azerbaijan and 504 tons of Super.
In just three quarters of 2014 gasoline imports amounted to $ 204.4 million. The export of gasoline (11,760 tons) for the period totaled $ 9,954 600. ----08B
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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