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Azerbaijan sees growth in value of non-oil products export by state-owned companies

Economy Materials 2 January 2024 12:33 (UTC +04:00)
Azerbaijan sees growth in value of non-oil products export by state-owned companies
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, January 2. The total value of non-oil products exported by 10 state-owned companies of Azerbaijan, amounted to $1.26 billion from January through November 2023, which is $183 million, or 16.93 percent higher than in the same period of 2022 ($1.08 billion), Trend reports via the Azerbaijani Center for Analysis of Economic Reforms and Communication.

The center's data showed 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 November 2023

Export volume from January through November 2022

AzerEnergy OJSC

$378.4 million

$64 million

Marketing and Economic Operations Department of SOCAR

$337.8 million

$550 million

SOCAR Polymer

$277.9 million

$174 million

Azeraluminium LLC

$117.6 million

$139 million

AzerGold CJSC

$110 million

$91.6 million

Agro-Industrial Complex Azerpambiq LLC

$20.6 million

$51.8 million

Azerbaijan Airlines CJSC

$18.4 million

$7.5 million

Azeripek LLC

$1.8 million

$1.7 million

Azerbaijan Railways CJSC

$1.2 million

$750,000

State Energy Service of the Nakhchivan Autonomous Republic

$870,000

$770,000

In general, the total value of non-oil products exported by 10 state-owned companies amounted to $1.18 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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