BAKU, Azerbaijan, January 21. The value of Azerbaijan's pharmaceutical exports amounted to $560.8 million in 2023, Trend reports, referring to the Azerbaijan's State Customs Committee
As attested by data from the committee, the figure is 14.1 times lower year on year.
In 2023, Azerbaijan imported $14.7 million in pharmaceutical products, an increase of 6.4 percent.
In 2023, Azerbaijan made trade operations with foreign countries to the amount of $51.2 billion. This is 2.9 percent less than in 2022.
Of foreign trade turnover, $33.9 billion was earned from exports and $17.3 billion from imports. Over the past year, exports fell by 11.1 percent and imports rose by 18.9 percent.
The resulting foreign trade surplus was $16.6 billion, a 29.6 percent decrease from 2022.