Private Sector Share in Exports of Goods Decreased 19%

The private sector share in export of goods from Azerbaijan in 2014 amounted to only 6% ($ 1 billion 121 million). According to the State Customs Committee, the volume of exports of goods by the private sector decreased by $ 260.1 million or 19%.

"Given the fact that virtually all exports of the private sector accounted for the non-oil sector, we can say that 2014 was a bad one for entrepreneurs in terms of access to foreign markets, says the economist Rovshan Agayev. According to his calculations, the last 4 years the volume of exports of goods produced by the private sector in Azerbaijan increased by only $ 58.5 million.

The expert also stressed other negative trends in the economy: in 2011 the share of non-oil exports to non-oil GDP was 5.2% and in the past year this figure dropped to 4%. In other words, in each 100 manat formed in the non-oil GDP the added value of AZN 4 “returns” to the country by exporting goods. In Georgia, where in 2014 the volume of exports of goods amounted to $ 2.8 billion, this figure rises to 25%, and in Estonia - 40%. ---08D