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Azerbaijan shares data on cocoa export

Economy Materials 1 February 2023 17:44 (UTC +04:00)
Azerbaijan shares data on cocoa export
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, February 1. Azerbaijan exported cocoa and cocoa products worth $12.019 million in 2022, Trend reports via Azerbaijan's State Statistics Committee.

According to the committee, this figure is 2.1 times higher than in 2021.

Azerbaijan imported cocoa and cocoa products worth $100.2 million in 2022 which is 10.3 percent more than in 2021. The share of cocoa imports in the reporting period amounted to 0.69 percent of Azerbaijan's total imports.

Azerbaijani food imports increased by 22.45 percent, or $433.25 million from January through December 2022, to $2.3 billion over the year.

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.

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