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Azerbaijan discloses top local private companies for non-oil export value

Economy Materials 2 September 2023 08:00 (UTC +04:00)
Azerbaijan discloses top local private companies for non-oil export value
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, September 1. Individual entrepreneur Elvin Shirinov became the largest exporter of non-oil products among private companies in Azerbaijan from January through July 2023, Trend reports.

According to the Azerbaijani Center for Analysis of Economic Reforms and Communications, the company's exports in the specified period amounted to $66.8 million (a growth of 230.69 percent, or $46.6 million).

Meanwhile, Azerbaijan's top-10 private companies exported non-oil products worth $356.3 million, which is 48.58 percent or $116.5 million more than in 2022 ($239.8 million).

Ranking of private companies included in the TOP-10 non-oil exporters:

Company

Volume of exports from January through July 2023

Volume of exports from January through July 2022

Elvin Shirinov (Individual entrepreneur)

$66.8 million

$20.2 million

MKT Istehsalat Kommersiya LLC

$57.3 million

$88.4 million

Baku Steel Company LLC

$47.7 million

$20.2 million

Azerbaijan International Mining Company LLC

$42.9 million

$60.1 million

Best Logistik LLC

$30.1 million

$1.4 million

STP Global Cable LLC

$28 million

$2.4 million

P-Agro LLC

$25.8 million

$25.3 million

Mega Fruit Az LLC

$19.8 million

-

My Fruit LLC

$19.8 million

-

Almeyva LLC

$18.1 million

$21.8 million

MKT Istehsalat Kommersiya LLC became the largest exporter of non-oil products among private companies in Azerbaijan in 2022.

The company's exports amounted to $100.9 million last year (a decrease of 8.56 percent, or $10.6 million, compared to 2021).

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