From January to April 2016 Azerbaijan exported 11,890,800 tons of oil, up 0.6% against the same period last year.
According to the Azerbaijan State Customs Committee, total cost of Azerbaijani oil exported during this period reached $2,846,497,800. The decline constituted 34.7% in money terms.
During first four months this year the declared volume of exported oil totaled 7,367,300 tons to the amount of $1,885,486,200.
One can conclude that during this period average export price of Azerbaijani oil totaled $35.94 per barrel.
During 2015 Azerbaijan exported 32,520,401 tons of oil.—0—
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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