Kazakhstan expands list of products, aiming to export to Azerbaijan (Exclusive)
Baku, Azerbaijan, Oct. 20
By Leman Zeynalova – Trend:
The Azerbaijani market has a certain potential Kazakhstan to export its products there, the Ministry of Investment and Development of Kazakhstan told Trend.
"The analysis of the world imports to Azerbaijan, compared with data on Kazakhstan’s exports to the world, as well as Kazakhstan’s exports to Azerbaijan showed that the Azerbaijani market has a certain potential for exports of Kazakhstani products," the ministry stated.
The ministry noted that 37 commodity items in such industries as: 1) metallurgy (ferrous metal pipes, flat rolled products made of iron or non-alloyed steel, metal structures, wire, fittings, etc.); 2) chemical industry (detergents and cleaning products, polypropylene); 3) machinery, equipment (stop valves, switchboards and bases for electrical equipment, static transformers and converters, heating boilers, fiber optic cable, bearings); 4) food industry (chocolate and cocoa products, soft drinks and water, sugar confectionery, flour confectionery, sunflower or safflower oil, malt, sausages, pasta) were selected as the most promising ones.
According to the data of the ministry, the foreign trade turnover between Kazakhstan and Azerbaijan in January-July 2018 amounted to $141.5 million, which is 94.6 percent higher than the figure for the same period in 2017 ($72.7 million).
"The exports from Kazakhstan to Azerbaijan in January-July 2018 amounted to $112.4 million, which is 98.9 percent higher than the figure for the same period of 2017 ($56.5 million).
The ministry noted that the imports to Kazakhstan from Azerbaijan in January-July 2018 amounted to $ 29 million, which is 79 percent more compared to the same period in 2017 ($ 16.2 million).
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