In 2012, foreign trade turnover with 155 countries comprised $ 43 813.2 million is 1.6% more than in 2011, told Turan, the State Committee on Statistics.
Exports in 2012 totaled $ 34 160.2 million, import - $ 9 652.9 million and the surplus of foreign trade turnover in 2012 amounted to $ 24.5 billion (2011 - $ 23.6 billion).
According to the State Statistics Committee, the export of non-oil products in 2012 was $ 1 673.6 million, up 8.4% from a year earlier.
The share of the nine countries (Italy, Russia, USA, Germany, Turkey, France, India, Indonesia, and Israel) was 64.7% of total turnover. - 08D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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