Falling production levels and oil prices affected the foreign trade turnover of Azerbaijan with the European Union. In January-September it amounted to $ 7 billion 251.3 million (minus 36.84% to October 1 of the previous year).
Hardest hit were export positions (minus 42.91%) - to $ 5 billion 282,800,000. Decline in imports was more modest - 11.62%, amounting to $ 1 billion 968.5 million.
However, the European Union continues to lead in the exports, especially Italy. This accounts for 60.24% of the total volume, while the imports are only 29.92% of the total. As for Italy, its leadership is expressed by the following figures - exports decreased by 55.37% ($ 1 billion 798.9 million), while imports reduced by 93.7% ($ 357.9 million).
In January-September, the total foreign trade turnover dipped by 35.72% ($ 15 billion 348,500,000), of which $ 8 billion 769.9 million was the share of exports and $ 6 billion 578.5 million. - imports. --17D-
Economics
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On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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