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

Economy Materials 31 August 2022 19:52 (UTC +04:00)
Azerbaijan's state-owned enterprises boost non-oil exports
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, August 31. The total value of non-oil products exported by Azerbaijan's state-owned enterprises (SOEs) amounted to $682.3 million from January through July 2022, up by $197.5 million or 40.74 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 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 July 2022:

Companies

Export volume from January through July 2022

Export volume from January through July 2021

SOCAR Marketing and Operations Department

$337.6 million

$158 million

SOCAR Polymer LLC

$105.7 million

$122.7 million

Azeraluminum LLC

$95.3 million

$57.9 million

AzerGold CJSC

$52.8 million

$55.9 million

Azercotton AIC LLC

$50.3 million

$55 million

Azerenergy OJSC

$34.8 million

$32.4 million

Azerbaijan Airlines CJSC

$3.2 million

$4,000

AzerSilk LLC

$1.3 million

$1.8 million

SOCAR's Geophysics and Geology Department

$800,00

-

State Energy Service of the Nakhchivan Autonomous Republic

$500,000

$700,000

The non-oil exports of the country’s state-owned companies totaled $484.8 million from January through July 2021.

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