In January-August 2013 foreign trade turnover exceeded $ 23 billion, which is 5.7 % more than the year before. The share of imports reached 30.8 % in turnover, 3.3 % more than in the comparable period of 2012.
According to the State Customs Committee, in the first eight months of this year, the country delivered goods worth a total of $ 7 132.7 million that is 18.5 % more than in the same period of 2012. Imports of goods from EU countries amounted to $ 2 435.7 million or 34.1 % of imports. The share of the public sector accounted for 31 % ($ 2 215.2 million) of imports.
Azerbaijan exported goods worth a total of $ 15 954.7 million and the share of energy (crude oil, petroleum products and natural gas) in the structure of exports amounted to 92.6 % ($ 14 773.5 million). Compared to the same period last year, the share of energy in the structure of exports declined 0.8 %.
The share of EU exports account for 46.8 % ($ 7,471 million). The share of public sector in the portfolio of exports is 94.1 (over $ 15 billion).
The foreign trade balance amounted to $ 8,822 million.
This year, Azerbaijan had trade links with 144 states of the world. It exported 1,750 items of goods and imported 5,727. Import-export operations involved 6,637 businesses, of which 3,358 (58.6 %) are legal entities including 250 companies belonging to the public sector. - 08D-
Economics
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Azerbaijan's potato sector, a cornerstone of the nation's food supply and its second most significant agricultural product, is in sharp decline. Production dropped by 7.6% year-on-year from January to October 2024, reflecting a long-term downward trend, according to the State Statistics Committee.
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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
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