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Azerbaijan reveals its non-oil export revenues

Business Materials 6 April 2018 19:55 (UTC +04:00)

Baku, Azerbaijan, April 6

By Anvar Mammadov – Trend:

Azerbaijani companies exported non-oil goods worth $119 million in February 2018, according to the Export Review published by the Center for Economic Reforms Analysis and Communication on April 6.

Excluding oil and gas, Azerbaijan mainly exported electricity ($17.7 million), polyethylene ($8.8 million), gold ($7.2 million), tomatoes ($6.8 million) and peeled hazelnuts ($6.3 million) in February 2018.

Turkey ranks first among importers of Azerbaijan’s non-oil products in February 2018.

In the period, goods worth $42.3 million were exported to Turkey, which is followed by Russia ($31 million), Switzerland ($7.8 million), Georgia ($6.2 million) and Belgium ($4.1 million).

In the first two months of 2018, Azerbaijan exported non-oil products worth $241.7 million (a 37.4 percent increase for the year). During the reporting period, gold was the main non-oil product exported abroad.

In January-February 2018, Azerbaijan exported gold worth $22.4 million. Gold is followed by electricity ($20.3 million), persimmons ($19 million), polyethylene ($18.5 million) and peeled hazelnuts ($15.4 million).

According to the report, in January-February 2018, Azerbaijan significantly increased exports of electricity (by 5.9 times), fruits and vegetables (by 50.9 percent) and cotton (by 43.4 percent) compared to the same period last year.

Russia ranked first among importers of Azerbaijan’s non-oil products in January-February 2018. In the period, goods worth $67.8 million were exported to Russia, which is followed by Turkey ($65.4 million), Switzerland ($25.6 million), Georgia ($17.4 million) and China ($7.6 million).

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