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Value of Azerbaijan's non-oil export by state companies up for 8M2022

Economy Materials 1 October 2022 17:43 (UTC +04:00)
Value of Azerbaijan's non-oil export by state companies up for 8M2022
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, October 1. The total value of non-oil products exported by Azerbaijan's state-owned companies grew from January through August 2022, the Center for Analysis of Economic Reforms and Communication of Azerbaijan told Trend.

According to the center, this figure amounted to $771.2 million, up by $157.78 million (20.4 percent) on annual basis.

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 state-owned companies by exports from January through August 2022:

Companies

Export value from January through August 2022

Export value from January through August 2021

SOCAR Marketing and Operations Department

$389.4 million

$219.7 million

SOCAR Polymer LLC

$125.7 million

$142.7 million

Azeraluminum LLC

$98.9 million

$73.4 million

AzerGold CJSC

$63.5 million

$71.6 million

Azercotton AIC LLC

$50.5 million

$62.3 million

Azerenergy OJSC

$35.7 million

$34.5 million

Azerbaijan Airlines CJSC

$4.8 million

$6 million

AzerSilk LLC

$1.3 million

$2.3 million

SOCAR's Geophysics and Geology Department

$800,00

$20,000

State Energy Service of the Nakhchivan Autonomous Republic

$600,000

$900,000

The non-oil exports of the country’s state-owned companies totaled $613.42 million from January through August 2021.

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