Azerbaijan sees growth in cotton products export volume for 10M2021

Economy Materials 9 December 2021 12:22 (UTC +04:00)
Azerbaijan sees growth in cotton products export volume for 10M2021

BAKU, Azerbaijan, Dec. 9

By Khagan Isayev - Trend:

Azerbaijan increased export volume of cotton fiber from January through October 2021, Trend reports referring to the report of the State Statistics Committee (SCC).

According to the report, this indicator amounted to nearly 104,720 tons, up by 31,730 tons (30.3 percent) on annual basis.

In the first 10 months of this year, the share of cotton fiber in total exports of Azerbaijan equaled 0.97 percent, and in non-oil exports – 7.94 percent, the committee said.

During the reporting period, the volume of cotton yarn export from Azerbaijan exceeded 15,360 tons, which is 8,720 tons, or 56.79 percent more than in the same period of last year (6,630 tons). The export value of the product amounted to nearly $45.53 million.

Meanwhile, 0.27 percent of cotton yarn accounted for Azerbaijan's total exports, and 2.22 percent - non-oil exports.

Totally, Azerbaijan's foreign trade turnover in 10M2021 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.