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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The Supreme Eurasian Economic Council of the Eurasian Economic Union (EAEU) convened today, December 26, 2024, at a summit highlighting the evolving dynamics of regional cooperation and the complex interplay of geopolitical interests among EAEU member states. The meeting, held in Saint Petersburg, brought together the leaders of the EAEU countries to discuss a robust agenda that could shape the bloc's trajectory in 2025 and beyond.
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The Union of Chambers of Commerce and Industry (UCCI) of the Organization of Turkic States (OTS) held its General Assembly in Baku on December 26, highlighting dynamic economic growth and deepening integration among member states. Representing Azerbaijan and other OTS member states, business and government leaders discussed trade, investments, and regional connectivity projects.
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Rice imports to Azerbaijan have soared to unprecedented levels during the January-November 2024 period, reflecting both rising domestic demand and increasing global food prices. Over this period, the country imported 60,400 tons of rice, marking an 18.6% increase in volume and a 35.3% rise in value compared to the same period in 2023.
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Over 17,750 life insurance contracts and 40,661 property insurance contracts were signed through Azerbaijan’s Mortgage and Credit Guarantee Fund (MCGF) between 2022 and 2024, reflecting the growing role of the Fund in strengthening the housing finance and insurance markets. These figures were revealed by Rasim Abdullayev, Director of the Mortgage Lending Department at MCGF, during the seminar "Tools for Supporting Housing Finance and Entrepreneurship."
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