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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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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