In 2016, Azerbaijan exported 66 thousand 239.3 tons of aluminum and articles thereof, which is 3.1% more than in the previous year, according to the State Customs Committee.
Aluminum exports produced revenues exceeding $ 98 million, which is 13.8% more than in 2015.
The main producer of the aluminum industry in Azerbaijan is the company Det-Al Aluminium, which has its own industrial capacity in the city of Ganja and consists of four plants. Raw materials for the production of aluminum (aluminum oxide) are purchased in Brazil and Jamaica.
Azerbaijan exports not only unalloyed aluminum, but also its sheets and plates. Only in the first nine months, the exports of aluminum sheets exceeded 15 thousand tons. Aluminum products of Azerbaijani are purchased by Turkish companies.
The State Statistics Committee of Azerbaijan provides information only about the production of unprocessed aluminum alloys. During the first 11 months of 2016 their production amounted to 30,900 tons, which is 32.5% less than in 2015. --08B--
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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