Turkey strengthens its position in the export of goods into Azerbaijan.
In terms of the first seven months of this year, with a weight 15.8% in the total imports of Azerbaijan, this country exceeded the nearest rival (Russia) by 1.6%.
According to the State Customs Committee of Azerbaijan, in January-July this year, Azerbaijan imported goods from Turkey for a total of $ 837.4 million. With a total of $ 1,173 million indicator Turkey ranks fifth in the turnover between Azerbaijan and foreign countries.
The share of Turkey in the exports of goods from Azerbaijan is 2.38% with $ 335.2 million. It also holds the 13th place in the list of active trade partners of Azerbaijan.
The top five countries importing goods from Azerbaijan are Italy ($ 3.1 billion and 22% of Azerbaijan's export in the last 7 months), Israel ($ 1.4 billion, 9.9%), Indonesia (U.S. $ 1.2 billion, 8 , 66%), France ($ 1.1 billion, 7.8%) and India ($ 933 million, 6.6%). - 08D-
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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