Azerbaijan increases non-oil exports (UPDATE)
Details added (first version posted at 11:46)
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.