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
Economics
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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