Azerbaijan increases import of food

Economy Materials 30 January 2023 14:11 (UTC +04:00)
Azerbaijan increases import of food
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, January 30. Azerbaijani food imports increased by 22.45 percent, or $433.25 million from January through December 2022, to $2.3 billion over the year, Trend reports, citing the bulletin of the State Customs Committee of Azerbaijan.

According to the committee, Azerbaijan imported over 44,570 tons of meat worth $84.2 million, 10,080 tons of milk ($18.9 million), 18,560 tons of dairy products ($108.1 million), 378,090 tons of fruit and vegetables ($235.9 million), 14,400 tons of tea (more than $75.46 million).

Azerbaijan also imported more than 1.4 million tons of wheat, barley, corn, and rice worth over $504.8 million.

The import of vegetable fats and oils amounted to 171,800 tons worth more than $297.4 million.

Azerbaijan increased imports of tobacco and tobacco products by 6.81 percent from January through December 2022 compared to 2021 – up to $97.1 million.

Imports of pharmaceutical industry products increased by 20.13 percent, or by more than 4,490 tons in quantitative terms - up to 26,830 tons compared to the same period in 2021, and by 23.53 percent, or $124.3 million in value terms - up to $652.9 million.

Azerbaijan's foreign trade turnover totaled $52.6 billion in 2022, up by $18.7 billion (55.36 percent) on an annual basis - from $33.9 billion to $52.6 billion.

Out of the total value, $38.1 billion accounted for exports, which is $15.94 billion (71.8 percent) more than in 2021. The share of exports in the foreign trade turnover made up 72.4 percent against 65.48 percent a year earlier.

Azerbaijan's imports last year increased by $2.8 billion (24.21 percent) from $11.7 billion to $14.54 billion compared to 2021. The share of imports in foreign trade turnover amounted to 27.6 percent against 34.52 percent a year earlier.

As a result, the balance of foreign trade turnover, remaining positive, grew over the year by more than $13.1 billion (2.2 times) to $23.6 billion against $10.5 billion in 2021.