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Azerbaijan boosts export of plastics for 11M2021

Economy Materials 29 December 2021 12:34 (UTC +04:00)
Azerbaijan boosts export of plastics for 11M2021

BAKU, Azerbaijan, Dec. 29

By Khagan Isayev - Trend:

Azerbaijan almost doubled export volume of plastics and its products from January through November 2021, Trend reports referring to the report of the State Customs Committee (SCC).

According to the report, this indicator reached 354,970 tons, up by 175,300 tons (97.57 percent) on annual basis.

In the first 11 months of this year, the share of plastics and its products in total exports of Azerbaijan amounted to 1.88 percent, and in non-oil exports – 15.77 percent, the committee said.

During the reporting period, the export value of the plastics and its products in the country exceeded $372.15 million.

Meanwhile, Azerbaijan exported over 128,840 tons of primary polyethylene, a growth of 29,550 tons (29.76 percent) compared to 11M2020 (99,280 tons). The export value of the product topped $160 million.

From January through November 2021, the country exported over 75,240 tons of primary polypropylene worth more than $104.3 million. The volume of polypropylene exports increased by 6,226 tons (9.02 percent), and in value terms - by $48.02 million (85.03 percent) on annual basis.

Azerbaijan's total foreign trade turnover in the reporting period equaled $30.2 billion, up by over $7.4 billion (32.85 percent) compared to 11M2020.

Nearly $19.8 billion accounted for export and $10.4 billion – for imports, which is the growth of 51.6 percent and 7.47 percent on annual basis, respectively.

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