In November 2016 the foreign trade turnover of Azerbaijan amounted to $ 1 billion 714.8 million, an increase compared to October by $ 314.8 million or 22.4%, the State Customs Committee reported on November 15.
In November exports of goods ($ 956.2 million) exceeded imports by 26.1%.
Total, according to the SCC, in the first 11 months of this year the foreign trade turnover of Azerbaijan exceeded $ 16 billion. This is 20.2% less than in the comparable period of 2015.
The volume of 11-month exports reached $ 8.3 billion (-30%), and imports - $ 7.7 billion (-6%).
In 2016, the entire share of oil and natural gas ($ 10 398.4 million) in the export structure amounted to 86.3%.
During the reporting period, exports of non-oil products from Azerbaijan decreased by $ 347.4 to US $ 1 billion 135.6 million. ---- 08D
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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