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Azerbaijan reveals growth of exports of non-oil products by state-owned companies

Economy Materials 31 October 2023 18:11 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, October 31. The total value of non-oil products exported by 10 state-owned companies amounted to $1.04 billion in Azerbaijan from January through September 2023, which is $170.3 million, or 19.56 percent higher than in the same period of 2022 ($870.6 million), Trend reports.

The data of the Center for Analysis of Economic Reforms and Communication of Azerbaijan shows that the list of state-owned companies involved in export operations in the non-oil sector was headed by Azerenergy OJSC.

Ranking of state-owned companies by export volume:

Company

Export volume from January through September 2023

Export volume from January through September 2022

Azerenergy OJSC

$329.7 million

$35.7 million

Marketing and Economic Operations Department of SOCAR

$271.8 million

$453.7 million

SOCAR Polymer

$231.6 million

$146.3 million

Azeraluminium LLC

$98 million

$102.2 million

AzerGold CJSC

$72.1 million

$73.5 million

Agro-Industrial Complex Azerpambiq LLC

$17.7 million

$50.5 million

Azerbaijan Airlines CJSC

$16.8 million

$6.1 million

Azeripek LLC

$1.3 million

$1.3 million

Azerbaijan Railways CJSC

$1.2 million

$600,000

State Energy Service of the Nakhchivan Autonomous Republic

$700,000

$700,000

In general, the total value of non-oil products exported by 10 state-owned companies amounted to $1.2 billion in Azerbaijan by the end of 2022, which is $56.2 million, or 4.98 percent higher than in 2021.

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