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Azerbaijan increases non-oil exports

Business Materials 1 February 2019 11:46 (UTC +04:00)
Azerbaijan's non-oil exports reached $1.689 billion in 2018, which is 10 percent or $151 million more compared to 2017, Ramin Huseyn, an analyst at the Center for the Analysis of Economic Reforms and Communications, said at a press conference on Feb. 1, Trend reports.
Azerbaijan increases non-oil exports

Baku, Azerbaijan, Feb. 1

By Huseyn Veliyev – Trend:

Azerbaijan's non-oil exports reached $1.689 billion in 2018, which is 10 percent or $151 million more compared to 2017, Ramin Huseyn, an analyst at the Center for the Analysis of Economic Reforms and Communications, said at a press conference on Feb. 1, Trend reports.

The major part of exports from Azerbaijan in 2018 accounted for tomatoes ($177.4 million), while unprocessed gold came in second with $118 million, followed by persimmons with $114.5 million.

The total value of exported fruits and vegetables in 2018 amounted to $560 million, showing an increase of 11 percent compared to 2017. Exports of plastic products amounted to $118.6 million (an increase of 17 percent), while aluminum exports reached $112.2 million. Exports of ferrous metals amounted to $86.2 million (an increase of 4 percent).

Meanwhile, electricity exports reached $65.6 million (an increase of 29 percent).

Azerbaijan exported cotton fiber worth $80.5 million (an increase of 49 percent) and cotton yarn worth $24 million in 2018. Compared to 2017, exports of cotton yarn increased 2.4 times.

According to Huseyn, non-oil exports to Russia in 2018 amounted to $619.2 million (an increase of 12 percent), to $344.9 million (an increase of 18 percent) for Turkey, $135.4 million (a decrease by 6 percent) for Switzerland, $124.5 million (a decrease of 10 percent) for Georgia and $44.6 million (an increase of 36 percent) for Kazakhstan.

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