Imports of Bananas Increased 2.5 Times
In 2015, Azerbaijan imported from Ecuador 19.6 thousand tons of bananas. Compared to previous years, the import of bananas increased 2.5 times. However, this is not the highest figure in recent years.
According to the State Customs Committee, in 2009, the peak of the import of bananas in Azerbaijan fell in 2011. This year Azerbaijan brought 23.1 thousand tons of bananas. In subsequent years, the import of bananas declined, reaching 7,630.2 tons in 2014.
Last year, the customs, it was stated that the cost of 1 kg of bananas at $ 0.93. It is 2 cents higher than a year earlier. Over the past 6 years, bananas do not pass through customs value of more than $ 1.
Note that in the official structures of neighboring countries the price of bananas has been declared much higher. For years 2011/2012 bananas in Armenia cost $ 1.4 / kg, in Georgia - 1.2 $ / kg. In 2014 Armenia imported 12 thousand tons of bananas for $ 0.75 per 1 kg, and in the last year this figure dropped to $ 0.69. In Georgia in 2015 the customs for tax purposes declared value of bananas 0.89 $ / kg.
According to the State Statistics Committee, in 2013-2014 in Azerbaijan 1 kg of bananas was sold at the price of AZN 2.4-2.45. Last year, the average price rose by 25 kopecks. In Azerbaijan mainly one company (Asadov Kapital LLC) is engaged in the import of bananas.
Previously bananas were imported more from the Philippines, Costa Rica and Pakistan. Currently, bananas are imported into Azerbaijan only from Ecuador.
Imports of bananas to Azerbaijan in 2009-2015 (State Customs data):
Year |
Tons |
Declared price, thousand $ |
2015 |
19596,4 |
18312,73 |
|
7630,2 |
6946,6 |
2013 |
8954,4 |
8205,4 |
2012 |
15757,5 |
15867,3 |
2011 |
23089,9 |
23556,4 |
2010 |
19241,8 |
19999,9 |
2009 |
18371,2 |
9795,1 |
--08B--
Economics
-
Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
-
Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
-
Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
-
In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
Leave a review