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Azerbaijan sees growth in non-oil exports of top private companies

Economy Materials 1 March 2023 15:15 (UTC +04:00)
Azerbaijan sees growth in non-oil exports of top private companies
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, March 1. Azerbaijan’s MKT Production Commercial LLC became the largest exporter of non-oil products among the local private companies in January 2023, the Center for Analysis of Economic Reforms and Communication of Azerbaijan told Trend.

In the reporting period, the company’s exports amounted to $10.6 million (a drop of 33.33 percent, or $5.3 million compared to the same period of 2022).

During this period, total non-oil exports of ten private companies reached $46.3 million, up by $7.2 million (18.54 percent) against January 2022 ($39.058 million).

Ranking of Azerbaijan's TOP 10 private non-oil exporters for January 2023:

Enterprise

Export value for January 2023

Export value for January 2022

MKT Production Commercial LLC

$10.6 million

$15.9 million

Azerbaijan International Mining Company LLC

$6.8 million

$9.5 million

P-Agro LLC

$5 million

$4.6 million

Azerbaijan Sugar Production Union LLC

$4.8 million

$1.9 million

'Elvin Shirinov' (individual entrepreneur)

$3.7 million

$1.2 million

Almeyve LLC

$3.6 million

$3.9 million

Rose Services LLC

$3.6 million

-

Best Logistics LLC

$2.9 million

-

Baku Steel Company LLC

$2.8 million

$2 million

Mors Trading LLC

$2.5 million

$58,000

Following the 2022 results, MKT Production Commercial LLC became the top non-oil exporter among private companies of Azerbaijan.

The company’s exports in the indicated period totaled $100.9 million, down by 8.56 percent or $10.6 million compared to 2021.

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