In 2013, the volume of foreign trade turnover amounted to $ 34.6 billion, which is 3.3 % more than in the previous year. However, the data of the State Customs Committee (SCC ) indicate that the volume of foreign trade of the country in recent years has been growing mainly due to imports and is directed down due to declining oil exports .
Last year, exports of goods from the country ($ 23.9 billion ) grew by only 0.28%. The public sector including oil and gas exports by the consortia accounted for 93.2% of the exports. Imports of goods in value terms reached a historic high - $ 10.7 billion, an increase of 10.9%.
In 2011 the volume of foreign trade turnover amounted to $ 36.3 billion , an increase of 29.9% . For comparison , we note that in the recent past ( 2008 ) the volume of import-export operations reached $ 55 billion at a positive balance at $ 40.6 billion. 08D
Economics
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Azerbaijani President Ilham Aliyev signed a decree on Monday aimed at improving social welfare, increasing the country’s minimum monthly wage to 400 manats ($235) starting January 1, 2025.
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Turkish companies YDA and ASFAT plan to build a shipyard near Kazakhstan's port of Kuryk to address the country's domestic fleet shortage, Kazakhstan's Minister of Transport Marat Karabaev announced on Monday during a parliamentary session. The project underscores Kazakhstan's ambitions to strengthen its maritime capabilities and logistics infrastructure.
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Kazakhstan's Minister of Transport, Marat Karabayev, unveiled the country’s bold roadmap for transforming itself into a premier transport and logistics hub in Eurasia. Speaking in parliament on Monday, Karabayev detailed strategies to capture a share of the massive $1 trillion annual freight flows between the East-West and North-South corridors.
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The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
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