In the first eight months of this year, agricultural production in Azerbaijan decreased by 3.7%. This is a consequence not only of natural causes (low yields due to drought and adverse weather conditions in the spring, reducing the acreage), as well as tighter control over subsidies that revealed corruption in the process.
The committee said that this year produced 2,238,300 tons of grain (with the corn), which is 20.3% less than in January-August 2013. According to updated information, this year the area under cereals amounted to 967,200 hectares, 7.5% less than last year. This year, the grain yield was 22.8 quintals per 1 ha, which is 4 hundredweight less than in 2013.
Decreased the production of potatoes (-11.5%) and vegetables (-0.8%).
In January-August, the share of crop production in the structure of agricultural production was 51%, which is 4.7% less than in the same period of 2013.
From the beginning, the livestock product grew by 2.8%. --08D--
Economics
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On September 20, 2024, Volts Energy Ltd., an engineering company based in Abu Dhabi, and Azerbaijan’s Turan Energy LLC announced the creation of a new joint entity, TuranVoltsEnergy. This venture will focus on EPC (Engineering, Procurement, and Construction) projects in renewable energy and energy storage systems within Azerbaijan.
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The number of passengers traveling by air from Azerbaijan has seen a significant increase in 2024, rising by 26.7% from January to September compared to the same period last year. According to the State Agency for Tourism, a total of 2,548,897 people used air transport services to travel to 40 countries during this period.
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Azerbaijan’s prolonged border closures, approaching five years, have taken a profound toll on the labor market, particularly in border regions, where cross-border trade and services were once critical economic drivers. Official data highlights the stark disparity between the growing labor force and the lack of new job creation in these areas, underscoring the social and economic challenges faced by residents.
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Azerbaijan’s food imports have surged to unprecedented levels, with a significant rise recorded in the first nine months of 2024, according to data from the State Customs Committee. Food imports for January-September reached USD 1.755 billion, marking an 11.4% increase over the same period last year. This represents a USD 179.7 million increase compared to 2023, setting a record for food imports in the country’s history. Over the past decade, food imports have more than doubled, rising by 2.4 times, with a notable 52.5% growth in the last five years alone.
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