In January and February of this year, foreign trade turnover was $ 5.6 billion, which is 4.3% more than last year. Trade surplus was about $ 2750 million
According to the State Customs Committee, in January-February this year, Azerbaijan exported goods totaling $ 4 183.8 million is 3.3% more than in the same period of 2012. The share of the EU accounts for 45% of exports ($ 1.9 billion). The share of public sector in the portfolio of exports is 95.3% (approximately $ 4 billion).
For the period indicated, the country was supplied goods to a total of $ 1,433 million is 7.5% more than in January-February 2012. Imports from EU countries amounted to $ 400 million or 28% of imports. The public sector accounts for 31% of imports. The lion's share of exports (93.6%) is energy.
This year Azerbaijan has trade relations with 113 countries of the world. Exported 769 were items of goods and imported - 3 955. Import-export business employs 2.7 thousand businesses. About 2 thousand of them are legal persons, of which 153 belong to the public sector. - 08D-
Economics
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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