The foreign trade turnover increased by 6.4 %
In January -September 2013 the foreign trade turnover reached $ 26.1 billion, up 6.4% from a year earlier. Positive turnover was achieved due to high growth of imports during the period - by 19.2 %.
According to the State Customs Committee, in the first nine months of the year, Azerbaijan exported goods worth more than $ 18 billion in the lion's share of exports (over $ 16,754 million , or 92.7 %) - energy (crude oil, petroleum products and natural gas). The share of EU exports account for 46.5 % ($ 8.4 billion). The share of public sector in the portfolio of exports is 94.2 % ($ 17 billion).
During the mentioned period, the country imported goods worth a total of $ 8,069 million is 16.4% more than in the comparable period of 2012. Imports of goods from EU countries amounted to $ 2,715 million or 33.6 % of imports. The share of the public sector accounted for 31 % ($ 2.5 billion) of imports.
The foreign trade balance amounted to $ 9,956 million
This year, Azerbaijan had trade relations with 144 countries of the world. Exported were 1,827 items of goods and imported were 5,839. Import-export business employs 5,991 business entities of which 3,460 are legal entities, including 252 companies belonging to the public sector. - 08D-
Economics
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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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