For the first two months of 2013 the share of food products in import to Azerbaijan was 9.6%, down compared to the same period in 2012 by 3.2% settlements. The volume of food imports was $ 138.4 million, which is approximately equal to that of the same period in 2010 ($ 135.8 million).
According to the State Customs Committee, compared to the same period of 2012, food imports into the country declined 20%. In the first two months of this year there diminished supplies of meat and meat products ($ 3.2 million, or 3% less than in the same period of 2012), butter ($ 2.3 million, -61%), vegetable oils ($ 9.1 million, -66.5%), sugar and sugar ($ 10.5 million, -47.8%).
The volume of imports of wheat was $ 51.1 million, which is 2.7% more than in January-February 2012. At 25 times increased imports of wheat flour ($ 7.9 million) due to the lack of VAT on imports of wheat and flour.
In value terms, imports also grew for tobacco and tobacco products. During this period, imported tobacco and tobacco products valued at $ 41.8 million, a 23.5% increase over the same period of 2012.
The share of cement ($ 15.5 million, 4.8%) in imports was 1%, medicinal products ($34.3 million, 33.7%) - 2.2%, wood made up $ 45.5 million, 13.2%, etc.
In imports the first place with 30.5% was occupied by investment goods - machinery and equipment, and electrical appliances. From the beginning, this equipment was imported at a total of $ 714 million (+4.4%), and imported ferrous metals and ferrous metal products were in the amount of $ 204.6 million (+6.7%). - 08D-
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- Economics
- 29 March 2013 14:53
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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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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