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Azerbaijani state companies increase export of non-oil products

Economy Materials 1 July 2022 17:41 (UTC +04:00)
Azerbaijani state companies increase export of non-oil products
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, July 1. Total value of non-oil products exported by state-owned companies of Azerbaijan amounted to $520.06 million from January through May 2022, which is $197.41 million or 61.18 percent more than the same period in 2021, Center for Analysis of Economic Reforms and Communications of Azerbaijan told Trend.

The list of state-owned companies participating in export operations in non-oil sector has been headed by Marketing and Economic Operations Department of State Oil Company of Azerbaijan Republic (SOCAR).

Azerbaijan's TOP-10 ranking of state-owned companies in terms of exports (January through April 2022):

Company

Export volume in 5M2022

Export volume in 5M2021

Marketing and Economic Operations Department of SOCAR

$243.1 million

$85.5 million

Azeraluminium LLC

$86.6 million

$47.9 million

SOCAR Polymer LLC

$79.3 million

$79 million

Azercotton Agricultural Industrial Complex LLC

$39.1 million

$39.4 million

Azenergy JSC

$34.8 million

$30.3 million

AzerGold CJSC

$34.3 million

$38.1 million

AzerSilk LLC

$1.3 million

$1 million

Azerbaijan Airlines (AZAL)

$0.9 million

$0.056 million

Nakhchivan State Energy Service

$0.3 million

$0.2 million

Azerbaijan Railways

$0.3 million

$1.2 million

Non-oil export of state-owned companies of Azerbaijan amounted to $322.6 million from January through May 2021.

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