In April, Azerbaijan imported goods worth $ 974.6 million, or $ 88 million exceeding the volume of exports ($ 886.6 million.). This is the second incident of the kind this year (February - $ 76 million) with superiority of imports over exports of goods. Experts regard this trend negatively against the background of the depletion of the foreign exchange reserves of the country.
According to the State Customs Committee, in the first four months of this year, the volume of foreign trade amounted to $ 7 billion 673,400,000, which is 22.4% less than in the comparable period in 2014.
Since the beginning of the year the imports of goods have totaled $ 3.4 billion. This is 24.4% more than in the first four months of last year. The share of the public sector accounts for 21.6% ($ 735.5 million) of the imported goods.
This year, exports have amounted to $ 4 billion 270 300 000. That is 40.3% less than in the four months in 2014. Of these, only 11.4% ($ 485.2 million) accounted for the non-state sector. 08D
Economics
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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
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Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
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