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Azerbaijan notably increases export volume of plastic products for 10M2021

Economy Materials 9 December 2021 11:53 (UTC +04:00)
Azerbaijan notably increases export volume of plastic products for 10M2021

BAKU, Azerbaijan, Dec. 9

By Khagan Isayev - Trend:

Azerbaijan increased export volume of plastic and products made from it within the period of January through October 2021, Trend reports referring to the report of the State Customs Committee (SCC).

According to the report, this indicator reached 336,620 tons, up by 166,790 tons (49.54 percent) on annual basis.

In the first 10 months of this year, the share of plastic and its products in total exports of Azerbaijan amounted to 2,03 percent, and in non-oil exports – 16.68 percent, the committee said.

During the reporting period, the export value of the plastics and its products in the country exceeded $342.47 million.

Meanwhile, Azerbaijan exported over 117,020 tons of primary polyethylene, a growth of 24,710 tons (21.11 percent) compared to 10M2020 (92,310 tons). The export value of the product topped $141.65 million.

Totally, Azerbaijan's foreign trade turnover exceeded $26.1 billion. Of these, over $16.8 billion (64.56 percent) accounted for exports, and more than $9.3 billion (35.44 percent) - imports.

The balance of foreign trade turnover of Azerbaijan, remaining positive, increased by 2.2 times on annual basis - up to 7.5 billion manat ($4.4 billion), while in 10M2021, the foreign trade surplus amounted to over $3.4 billion.

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