In the first quarter of this year, foreign trade turnover amounted to $ 8,556 million, up 8.3% from a year earlier. The foreign trade balance amounted to about $ 4 134.6 million
According to the State Customs Committee, in January-March this year, Azerbaijan exported goods worth a total of $ 6,345 million is at 8.65% over the comparable period in 2012. The share of the EU accounts for 47% of exports (about $ 3 billion). The share of public sector in the portfolio of exports is 94.7% (approximately $ 6 billion). The lion's share of exports (92.7%) - is energy.
During the mentioned period, the country was supplied goods worth $ 2.2 billion, which is 7.6% more than in January-March 2012. Imports of goods from EU countries amounted to $ 618 million, or 28% of the imports. The public sector provided 29.2% of the imports.
This year, Azerbaijan had trade relations with 124 countries of the world. Exported 961 Name of goods and imported - 3432. Import-export business employs 3,248 business entities. More than 2.3 million of them are legal persons, of which 176 belong to the public sector. - 08D-
Economics
-
Azerbaijan's Cabinet of Ministers has approved amendments to the list of strategically important goods in the country's consumer market, as outlined in Decision No. 136 dated April 27, 2023. The update aligns with the implementation of the Law on State Reserves and a corresponding presidential decree, the government announced on Thursday.
-
Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
-
The President of Azerbaijan approved the amendments on November 7, which were made to the “Law of the Republic of Azerbaijan on Credit Bureaus” by the Milli Majlis. The text of the amended law was published on November 28.
-
The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, urging the country to take bold steps to improve economic governance and foster private sector development. The report outlines key priorities for Azerbaijan’s economic trajectory and highlights challenges stemming from its reliance on volatile energy markets.
Leave a review