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Azerbaijan's private sector accounts for major share of country's imports

Economy Materials 22 March 2022 15:13 (UTC +04:00)
Azerbaijan's private sector accounts for major share of country's imports
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, March 22. The value of products imported by Azerbaijan from January through February 2022 grew, Trend reports citing a report by the State Customs Committee (SCC) of Azerbaijan.

According to the committee, this figure amounted to over $1.9 billion, up by 22.36 percent compared to the first two months of 2021 ($1.6 billion).

The share of the public sector in the imports amounted to $308 million (15.62 percent of the total value), and over $1.4 billion (74.92 percent of the total value) fell on the private sector.

Besides, the share of individuals equaled $186.5 million (9.46 percent).

Totally, Azerbaijan exported 5,657 and imported 1,535 units of goods, having carried out foreign trade operations with 139 partner countries.

TOP-5 goods imported by Azerbaijan by total value:

Name

2M2022

2M2021

Volume

Amount

Volume

Amount

Machines, mechanisms, electrical devices, equipment and spare parts for them

-

$405,429

-

$473,309

Food

311,425 tons

$337,757

165,746 tons

$227,267

Vehicles and spare parts

-

$312,048

-

$184,722

Ferrous metals and products from them

114,459 tons

$150,985

86,293 tons

$105,516

Pharmaceuticals

4,700 tons

$119,507

5,157 tons

$81,017

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