Review of non-oil exports: Azerbaijan greatly increases electricity supply
Baku, Azerbaijan, Oct. 1
By Taleh Mursagulov - Trend:
Azerbaijani companies exported non-oil goods worth $125 million in August 2018, according to the Export Review published by the Center for Economic Reforms Analysis and Communication.
Azerbaijan mainly exported gold ($12.6 million), cotton fiber ($12.4 million), alloyed aluminum ($8.4 million) in August 2018.
Turkey ranks first among importers of Azerbaijan’s non-oil products in August 2018.
In the period, goods worth $34.5 million were exported to Turkey, which is followed by Russia ($22 million), Switzerland ($13.9 million), Ireland ($10 million) and Georgia ($7.2 million).
In January-August 2018, Azerbaijan exported non-oil products worth $1.09 billion (a 14-percent increase for the year). During the reporting period, tomatoes were the main non-oil product exported abroad.
In January-August 2018, Azerbaijan exported tomatoes worth $144.4 million. Tomatoes are followed by gold ($81 million), polyethylene ($63 million), electricity ($60 million) and cotton yarn ($58 million).
According to the report, in January-August 2018, Azerbaijan increased exports of electricity (by 64 percent), fruits and vegetables (by 17 percent), aluminum and aluminum products (by 14 percent), cotton yarn (by 35 percent), plastic and plastic products (by 22 percent), ferrous metals and products thereof (by one percent) compared to the same period last year.
Russia ranked first among importers of Azerbaijan’s non-oil products in January-August 2018. In the period, goods worth 375 million were exported to Russia, which is followed by Turkey ($249.8 million), Switzerland ($92 million), Georgia ($88.5 million) and China ($32 million).