In the first half of this year, exports of non-oil products from Azerbaijan totaled $ 929 million; this is by $ 116 million, or by 11.4% more than in the comparable period of 2012. Growth was due to lower crude oil exports over this period exceeded $1 billion, according to the State Customs Committee.
According to the State Customs Committee, during the reported period of the year the volume of sugar exports ($ 122.9 million, or 37.9%) increased considerably, vegetable oils ($ 116.2 million +11.6%), tea ($ 20.2 million , +6.1%), alcoholic and non-alcoholic beverages ($ 14.3 million, 63.3%) and cotton ($ 12.1 million, 113.5%.)
It is noteworthy that during this period, exports of chemical products decreased by $64 million and totaled $32 million. The tendency of lowering exports was observed in the production of non-ferrous ($ 43.4 million or -13.9%), iron and steel ($ 57.5 million, or 12,8%.) 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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