In January-April this year TRACECA transit through Azerbaijan transported 2 million 261.9 thousand tons of cargo. This is 1 million 228.6 thousand tons or 35.3% less than in the first four months of 2015, the State Statistics Committee told Turan.
The railroad reached an increase of 0.4% of the volume of transit cargo. Within four months the Azerbaijani railways transported 1 million 172.5 thousand tons of cargo.
Maritime transport carried 1 million 89.4 thousand tons of transit cargo, which is by 53.1% less than in the comparable period of 2015.
The TRACECA project is funded by the European Union for the development of a transport corridor from Europe through the Black Sea, the Caucasus and the Caspian Sea with access to the Central Asian countries. ----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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