In the first nine months of 2016 the volume of exports of the non-oil assortment of Azerbaijan amounted to 858.1 million US dollars, $ 337.7 million or 28.3% less than in the comparable period of 2015.
According to the State Customs Committee, in January-September this year, the foreign trade turnover of Azerbaijan amounted to $ 12 billion 742.7 million, which is 22.6% less than in the same period last year.
For three quarters of the year, exports of goods from Azerbaijan amounted to $ 8 billion 770 million, which is 49.4% less than in the comparable period of 2015. The share of oil and natural gas ($ 5,683.1 million) accounted for 86.9% of exports.
Imported goods amounted to $ 6.2 billion. The importation decreased by 5.9%.
In September, exports were $ 752 million, which is $ 517,100,000 less than in August. Last month, imports ($ 671,800,000) increased by $ 85.3 million. ---08D
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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