During 10 months of this year, exports of goods of non-oil sector of Azerbaijan totaled $ 1.4 billion. This is 0.7% more than in the same period of 2013. In neighboring Georgia, for example, where the production does not include oil, gas and petroleum products, the dynamics of export growth during this period went up by 5.2%.
According to estimates of SSC, Azerbaijan exports of non-oil sector per capita for the period totaled $ 151.3. This figure is $540 in Georgia, where the exports total $ 2 245 million.
The Government of Azerbaijan declares steps taken to diversify the economy and the prevalence of non-oil sector in GDP. Nevertheless, the hydrocarbons occupy 93% of the exports. --08B--
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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