For seven months of this year, the volume of foreign trade operations with the participation of government and private companies in Azerbaijan exceeded $ 18.13 billion. This is 9.53% less than at the beginning of August 2013.
According to the State Customs Committee, the trade partners of the country are 137 countries. Exports from oil and petroleum prevail over imports - surplus is at more than $ 8.36 billion. The share of exports accounted for $ 13.25 billion (minus 4.44% against August 1, 2013), indicating the country's dependence on oil.
Foreign economic activity of the country in January-July was attended by 4,676 (3,107 juridical and 1,569 physical) persons. In absolute terms, the largest share in exports for the public sector was $ 12.47 billion, for private entrepreneurs - $ 659,570,000, for individuals - $ 115,650,000.
Imports totaled $ 4.88 billion. The leadership was for private entities - they brought into the country goods worth $ 3.47 billion. The share of the public sector was $ 1.22 billion and the share of individuals was $ 192,160,000.
In January-July, Azerbaijan exported 1,732 types of goods and imported 5,436 types of goods. -17D-
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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