In January 2013 public and private enterprises exported 463 items of goods, which is 20% lower than last January, according to the State Customs Committee.
The share of crude oil, petroleum products and natural gas in the structure of exports was 93.9% or $ 1.8 billion deteriorated as indicators on the number of participants in foreign trade. In January 2012 the import-export operations involved 2182 people, including 1474 companies, in January of this year it fell by 15% to 1,893 persons, of whom 1495 are legal entities.
Reducing the range of goods associated with the strengthening of monopolies and restrictive actions of Customs. The local media in February published incriminating material on the work of Customs. According to these publications, the secret imposed a ban on imports of cotton fabrics and finished cotton products in connection with the construction of a textile factory in Sumgayit by Gilan Holding. The same group has built a shoe factory in the village of Bina and plans to monopolize the market, not only for shoes, but in the whole for the sector. Former chief of the State Customs Committee, and now Minister of Emergency Situations Kamaladdin Heydarov still holds the key to the customs service, says the local press. His family owns the group of companies Gilan Holding, which is engaged in virtually all economic sectors other than oil and gas. - 08B-
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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