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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Azerbaijan is set to host its Trade Forum on October 1, supported by “Pasha Holding” and jointly organized by the Small and Medium Business Development Agency (SME), Azerbaijan Customs representation, and the Logistics Companies Association.
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The inaugural Investment Forum on energy transition in Central Asia is set to take place on November 15-16 in Baku, Azerbaijan, organized by the International Renewable Energy Agency (IRENA) and Azerbaijan’s Ministry of Energy as part of the COP29 conference.
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At the advisory meeting of railway administrations held in Baku on September 19-20, Rovshan Rustamov, Chairman of Azerbaijan Railways CJSC (ADY), met with Ufuk Yalçın, General Director and Chairman of the Board of the Turkish State Railways Company "TCDD Taşımacılık." The meeting marked the second time this year that officials have discussed expanding railway transport cooperation between Azerbaijan and Turkey.
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The Center for Analysis of Economic Reforms and Communication (CAERC) has completed its monitoring and evaluation of the first half of the year in relation to the "I State Program on the Great Return to the Liberated Territories of the Republic of Azerbaijan." This state program focuses on restoring infrastructure and resettling displaced populations in areas that were reclaimed during the 2020 Nagorno-Karabakh conflict.
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