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
-
Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
-
The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
-
Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
-
In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
Leave a review