The partners of Azerbaijan in foreign trade operations from January to July were representatives of 137 states.
According to the State Customs Committee, traditionally the country's leading importer of energy is one of the hubs of the West Italy - its account comprises 23.93% of total exports ($ 11 billion 970 million 54.49 million). Then come Indonesia (11%), Thailand (9.33%), and Germany (6.93%).
Imports ($ 5 billion 174 million 468.21 million) has also habitually strong partners - Russia (14.41%), Turkey (13.75%), the UK (9.87%) and, again, Germany (6 , 76%).
Foreign trade operations in the reporting period involved in 3067 public and private companies, and 1719 physical persons. - 17D-
Economics
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Russia and Iran have agreed on a gas pipeline route passing through Azerbaijan, according to Russia’s Energy Minister Sergey Tsivilyov. The Russian minister stated that the parties are in the final stage of negotiations, and the volumes have already been determined. According to Tsivilyov, Iran’s agreement with Russia’s Gazprom for gas supply via Azerbaijan is currently estimated at over 2 billion cubic meters annually. However, future supplies could increase to 55 billion cubic meters per year.
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On January 20 during the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan engaged in a strategic dialogue with Nick Studer, CEO of Oliver Wyman Group.
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During the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan met with Jared Cohen, President of Global Affairs at The Goldman Sachs Group, Inc. The meeting underscored the ongoing collaboration between Goldman Sachs and Azerbaijan's financial institutions, notably the Central Bank of Azerbaijan and the State Oil Fund.
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At the World Economic Forum in Davos, Azerbaijan's Minister of Economy, Mikayil Jabbarov, participated in the session titled "Leaders’ Circle: Financing the Energy Transition – A New Horizon." Jabbarov emphasized discussions on existing opportunities and major challenges in achieving successful energy transformation, underscoring the critical importance of financing the energy transition.
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