In the first quarter, the volume of non-oil exports reached $ 617.7 million is up 19% over the comparable period in 2012. The growth was mainly due to the sale of floating plants ($ 48 million)
According to the State Customs Committee, the export of beverages grew by 90% to $ 10.8 million, while cotton exports increased by 2.5 times and amounted to $ 9.6 million, significantly (41.9%) re-export of sugar has increased to $ 79 , 5 million
It is noteworthy that many of the traditional export commodities exports for the period declined. For example, shipments of ferrous metals and aluminum were $ 40.6 million and $ 28.5 million, up 9.4% and 18.5% less than in the comparable period of 2012. Exports of chemical products fell by 64% to $ 21 million. - 08D-
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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