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Azerbaijan reveals its non-oil export revenues

Business Materials 31 May 2018 17:25 (UTC +04:00)

Baku, Azerbaijan, May 31

By Anvar Mammadov – Trend:

Azerbaijani companies exported non-oil goods worth $128.9 million in April 2018, according to the Export Review published by the Center for Economic Reforms Analysis and Communication on May 31.

Excluding oil and gas, Azerbaijan mainly exported tomatoes ($18.5 million), electricity ($13.4 million), unprocessed aluminum ($8.8 million), polyethylene ($8.7 million) and cotton yarn ($7 million) in April 2018.

Russia ranks first among importers of Azerbaijan’s non-oil products in April 2018.

In the period, goods worth $36.7 million were exported to Russia, which is followed by Turkey ($29.6 million), Georgia ($20.6 million), Switzerland ($5.8 million) and China ($4.1 million).

In January-April 2018, Azerbaijan exported non-oil products worth $485.3 million (a 19.3 percent increase for the year). During the reporting period, electricity was the main non-oil product exported abroad.

In January-April 2018, Azerbaijan exported electricity worth $47.3 million. Electricity is followed by tomatoes ($42.5 million), polyethylene ($35 million), gold ($34.3 million) and peeled hazelnuts ($30.4 million).

According to the report, in January-April 2018, Azerbaijan increased exports of electricity (by 2.9 times), cotton yarn (by 37.4 percent), chemical industry products (by 27.4 percent), fruits and vegetables (by 27.3 percent), aluminum and aluminum products (by 15.6 percent), tea (by 12.2 percent), ferrous metals and articles thereof (by 3.3 percent) compared to the same period last year.

Russia ranked first among importers of Azerbaijan’s non-oil products in January-April 2018. In the period, goods worth $135.4 million were exported to Russia, which is followed by Turkey ($127.2 million), Georgia ($52.5 million), Switzerland ($39.6 million) and China ($16 million).

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