In the first quarter of this year 21,379 cars were imported to Azerbaijan. In March import increased by 4.6% (326 cars) compared to the previous month.
According to the State Customs Committee, in March, 7288 cars were imported to the country. In January, this figure made 7,130, in February - 6962 cars.
The passenger cars totaled 90.9%, or 19,446 imported cars.
In January-March this year, 245 buses, 1475 trucks, and 213 units of specialized equipment were delivered to the country.
In 2012, the import of cars to Azerbaijan increased by 38%, and totaled 89,652 units.
According to the SCC, total cost of vehicles delivered to Azerbaijan is $ 220.4 million, by 23% less than in 2012.
According to the State Statistics Committee, in the first quarter of this year Azerbaijan was issued 44 trucks, 32 cars, and 77 tractors. 08D
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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