Legal Import of Mobile Phones to Azerbaijan Increased 2.6 Times
Baku / 19.08.17 / Turan: In the first half of this year more than 306 thousand mobile phones were delivered to Azerbaijan for commercial purposes. This is 2.6 times more than the legal import of these devices for the comparable period of 2016, the State Customs Committee said.
This year, 192,700 smart phones and other mobile phones came from China through customs declaration. 110,200 mobile phones were purchased from Vietnam.
In total, the importers paid $ 27 million 374.4 thousand to the manufacturers. This year mobile phones were declared at the Azerbaijani customs at an average price of $ 89.2 each, $ 20 less than last year.
Mobile phones are the most popular among contraband goods in Azerbaijan. In previous years, legally, not without the "help" of customs authorities, no more than 20% of these goods passed through customs. In 2012, for example, according to the State Customs Committee, 187.5 thousand mobile phones were imported at an average price of $ 50.5 per unit. -----08B
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review