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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President Ilham Aliyev of Azerbaijan has issued a decree introducing changes to the "Regulation on the State Water Resources Agency of Azerbaijan," initially approved by a presidential decree on November 17, 2023. The amendments, guided by Article 109, paragraph 32 of the Constitution of Azerbaijan, involve the removal of specific phrases from various subparagraphs of the regulation.
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The World Bank’s Board of Executive Directors has approved an additional $150 million to expand Azerbaijan’s Employment Support Project (AESP), aimed at aiding vulnerable populations through enhanced self-employment opportunities, the Bank announced.
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In anticipation of the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29), a roundtable titled “Green Construction in Azerbaijan” took place in Baku on July 30. The event brought together foreign construction companies, local industry leaders, and government officials to discuss sustainable zero-carbon building practices.
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A new solar power plant with a total capacity of 100 kW was inaugurated on Lake Boyukshor, near the Olympic Stadium in Baku, as part of the "Knowledge Exchange and Technical Assistance for the Development of Floating Solar Panels" project, jointly implemented by the Ministry of Energy of Azerbaijan and the Asian Development Bank (ADB).
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