In the structure of exports of local goods from January to August, the bulk was made by oil (85.61%). In general, the proportion of hydrocarbons (along with oil and natural gas) in the basket of foreign deliveries totaled 92.52%.
According to the State Customs Committee, in the reporting period, foreign trade turnover amounted to $ 18,133,507 990. Besides oil and its "relatives," there were such export items as fruits and vegetables (1.03% of total), sugar (1%), oils of vegetable or animal origin (0.98%). Furthermore, exported were plastic products (0.58%) and aluminum products (0.35%). The share of tea was 0.13%, alcoholic beverages and soft drinks - 0.16%, chemical products - 0.3%, cotton fiber - 0.06%, ferrous metals and products from them - 0.18%.
In imports, the leadership belonged to machinery, electrical equipment and spare parts to them - 30.7%. The share of food was 11.78%, ferrous metals and products from them - 10.48%, vehicles and parts - 9.22%. Tobacco and tobacco products made up 4.45%, cement - 1.53%, pharmaceutical products - 2.83%, plastics and articles thereof - 2.64%, wood and wood products - 1.52%, and furniture - 0.98%. -17D-
Economics
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Azerbaijan’s gross domestic product (GDP) reached 126.3 billion manats in 2024, marking an increase of 3 billion manats, or 2.4%, compared to the previous year, according to data released by the State Statistics Committee. In 2023, nominal GDP stood at 123 billion manats.
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The latest data from the State Statistics Committee reveals that as of December 1, 2024, the total number of salaried workers in Azerbaijan stood at 1.775 million, with 884,400 employed in the public sector and 890,900 in the private sector. This figure falls significantly short of the government's ambitious targets set seven years ago, raising concerns about employment opportunities, particularly for the country's burgeoning youth population.
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Azerbaijan's legal and physical entities engaged in trade operations with partners from 176 countries between January and November 2024, exporting goods to 120 nations and importing from 167, according to the State Customs Committee.
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Azerbaijan's retail trade turnover climbed 3.9% in real terms in 2024 compared to the previous year, reaching a total of 62.2 billion manats, the State Statistics Committee revealed. Food, beverages, and tobacco accounted for 34.1 billion manats, while non-food products contributed 28.1 billion manats to the total.
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