Import and export of goods for more than $15 billion through Azerbaijan
From January to July, the volume of cargo through the territory of Azerbaijan on the export-import operations amounted to $ 15 billion 370.915 million. According to the committee, in absolute terms, this amounted to 18 million 123.69 thousand tons (minus 8.8% per year).
Exporting goods (14.19 million tons worth $ 11 billion 246.23 million) exceeded the share of imports (3.93 million tons valued at $ 4 billion 124.17 million).
The largest share (12.68 million tons) fell on the pipelines, the trace (1,132,480 tons) are railroads.
The share of road transport - 267,190 tons of sea transport - 63,140 tons of cargo air transport - 49,340 tons. - 17D-
Economics
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Azerbaijan is poised to increase wheat imports for the 2024-2025 season following a significant drop in domestic wheat production this year. According to data from the State Statistics Committee, the country harvested 1.68 million tons of wheat in 2024, marking an 8.1% decline from the previous year. This downturn in output, combined with rising import volumes in recent months, indicates that Azerbaijan may lean more heavily on foreign suppliers to meet its wheat needs.
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Azerbaijan Railways CJSC (ADY) has announced the restructuring of its container transportation management in an effort to enhance the efficiency of transit cargo transportation. As part of this reorganization, ADY Express will merge with ADY Container starting on November 1, 2024. The consolidation is aimed at expanding the range of services offered in both container and carriage transportation.
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Azerbaijan has introduced a legal framework enabling the electronic state registration of legal entities with foreign investments, regardless of whether their founders are individuals or legal entities, according to the State Tax Service. The announcement was made by Samira Musayeva, Deputy Head of the State Tax Service, during a meeting of the "Entering Business" Working Group.
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The World Bank aims to deepen its involvement in Azerbaijan's economic development through a new partnership framework program, according to discussions between Azerbaijani officials and World Bank representatives. The proposed framework, which will cover the years 2025-2029, is designed to support the country’s transition to an innovative and less resource-dependent economy.
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