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Azerbaijan's state-owned enterprises boost non-oil exports

Economy Materials 3 August 2022 16:25 (UTC +04:00)
Azerbaijan's state-owned enterprises boost non-oil exports
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, August 3. The total value of non-oil products exported by Azerbaijan's state-owned enterprises (SOEs) amounted to $593.4 million from January through June 2022, up by $202.94 million or 51.98 percent compared to the same period of 2021, the Center for Analysis of Economic Reforms and Communication of Azerbaijan told Trend.

The list of state-owned companies participating in the non-oil export activities has been topped by the Marketing and Operations Department of the State Oil Company of Azerbaijan (SOCAR).

Ranking of SOEs by exports from January through June 2022:

Companies

Export volume from January through June 2022

Export volume from January through June 2021

SOCAR Marketing and Operations Department

$287.9 million

$118.3 million

Azeraluminum LLC

$93.4 million

$48.4 million

SOCAR Polymer LLC

$81.1 million

$96.4 million

Azercotton AIC LLC

$47.9 million

$47.5 million

AzerGold CJSC

$44 million

$45.6 million

Azerenergy OJSC

$34.8 million

$32.4 million

Azerbaijan Airlines CJSC

$1.8 million

$56,000

AzerSilk LLC

$1.3 million

$1.1 million

SOCAR's Geophysics and Geology Department

$800,000

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State Energy Service of the Nakhchivan Autonomous Republic

$400,000

$700,000

The non-oil exports of the country’s state-owned companies totaled $390.456 million from January through May 2021.

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