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
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In a strategic move to bolster mechanisms against financial crimes and terrorism financing, Azerbaijan's Deputy Prime Minister, Samir Sharifov, has been appointed as the head of the newly restructured Coordinating Council on Counter-Terrorism Financing and Other Financial Crimes.
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The Chairman of Azerbaijan Railways CJSC, Rovshan Rustamov, and the head of Iranian Railways, Jabbar Ali Zakeri Sardrudi, convened in Tehran during the Joint Azerbaijani–Iranian Intergovernmental Commission meeting to bolster cooperation on the Astara terminals, key nodes in the International North-South Transport Corridor (INSTC). The talks centered on enhancing the operational efficiency and strategic significance of these terminals to facilitate growing cargo volumes between the two nations.
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Azerbaijan is accelerating its transition to green energy through the coordinated efforts of its "Green Energy Zone" task force, which recently held its latest hybrid meeting to review progress and outline future priorities. The Ministry of Energy, reporting on Wednesday’s session, emphasized the task force's central role in implementing the 2022–2026 Socio-Economic Development Strategy, a cornerstone of Azerbaijan’s ambitions for sustainable growth.
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AzerGold, Azerbaijan’s state-owned mining company, is pursuing opportunities for strategic collaboration with Turkish firms in Africa as part of its efforts to expand its presence in the global mining sector. Recent talks between Zakir Ibrahimov, Chairman of the Board of AzerGold CJSC, and Şebnem Cenk, Head of the West and Central Africa Department at Turkey's Ministry of Foreign Affairs, highlighted the potential for a mutually beneficial partnership.
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