In January-April 2013, foreign trade turnover amounted to $ 11 567.3 million, up 2% from a year earlier. The foreign trade balance amounted to $ 5,270 million
According to the State Customs Committee, in January-April this year, Azerbaijan exported goods worth a total of $ 8,419 million is 0.17% less than in the comparable period of 2012. The share of EU exports account for 43.8% (approximately $ 3.7 billion). The share of public sector in the portfolio of exports is 94.6% (approximately $ 8 billion). The lion's share of exports (92.7%) - is energy.
During the mentioned period, the country was supplied goods worth a total of $ 3,148 million is 8.5% more than in January-April 2012. Imports from the EU totaled $ 913.4 million, or 29% of the imports. The share of the public sector accounts for 29% of imports.
This year, Azerbaijan had trade relations with 132 countries. In 1216 the name was exported goods and imported - 4864. Import-export operations of businesses employing 3834, of which 2,624 are legal entities, including 200 companies belonging to the public sector. - 08D-
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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