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Germany becomes sixth main trading partner of Azerbaijan - AZPROMO

Economy Materials 18 November 2024 14:33 (UTC +04:00)
Germany becomes sixth main trading partner of Azerbaijan - AZPROMO
Farid Zohrabov
Farid Zohrabov
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BAKU, Azerbaijan, November 18. The Azerbaijani-German trade turnover from January through September of this year exceeded $1.1 billion, making Germany the sixth largest trading partner of Azerbaijan, the country's Export and Investment Promotion Agency (AZPROMO) Executive Director Yusif Abdullayev said, Trend reports.

He made the remark at the COP29 Azerbaijan-Germany high-level business dialogue on 'Green Transformation' today.

According to him, as of October 1, a total of 191 German enterprises were dynamically engaged in the Azerbaijani market.

"From 1995 through June 2024, the volume of investments from Germany to Azerbaijan exceeded $871 million, with 94 percent of these investments directed to the non-oil sector.

Azerbaijan has made significant investments in Germany, with the total volume of these investments amounting to $592 million during the reporting period," he added.

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