Azerbaijani Exporters Lose

The volume of exports of Azerbaijani producers in the nine months of this year decreased by half. Important role in this was played by lower prices for consumers' goods and raw materials.

Since the beginning of the year export of tea has decreased (-44.3%), as well as sugar (-2.2%) and vegetable oil (-22.4%), which is mainly produced by Ltd. Azersun Holding. The share of these products in the first nine months of this year was 3.37% of exports. It is accordingly a negative impact in terms of financial holding companies.

By 22% decreased exports of alcoholic and soft drinks ($ 19.1 million). Since the beginning of the year there were exported vegetables and fruits for $ 162.4 million, which is 3.5% less than in the comparable period in 2014.

Markedly increased export of chemical products (+ 37.8%). Since the beginning of the year the chemical industry exported goods worth a total of $ 72.2 million. --08B

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