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Private sector leading in Azerbaijan's seven-month export

Business Materials 20 August 2020 17:17 (UTC +04:00)
Private sector leading in Azerbaijan's seven-month export

BAKU, Azerbaijan, Aug. 20

By Eldar Janashvili - Trend:

Azerbaijan exported products worth a total of $9.1 billion from January through July 2020, which is 25.6 percent less than during the same period of 2019, Trend reports on August 20 with reference to the report of the country’s State Customs Committee.

The public sector's share in total exports made up 47.7 percent or $4.3 billion during the reporting period, the committee said.

The share of the private sector (legal entities) was $4.7 million, or 51.8 percent of the total export, while individuals accounted for $35.9 million or 0.4 percent.

In total, Azerbaijan exported 2,356 types of goods, conducting foreign trade operations with 172 partner countries. Most of all, in the first seven months of 2020, Azerbaijan exported oil and petroleum products, electricity, natural gas, as well as fruits and vegetables.

List of TOP-5 goods exported by Azerbaijan at total cost:

Goods

From January through July 2020

From January through July 2019

Quantity

Cost

Quantity

Cost

Crude oil, crude oil products, tons

19.5 million

$6.3 billion

19.5 million

$9.5 billion

Natural gas, 1,000 cubic meters

7.7 million

$1.4 billion

6.7 million

$1.2 billion

Fruits and vegetables, tons

353,524

$359.5 million

345,167

$345.3 million

Oil products obtained from bitumen and oil, besides raw materials; Products containing oil or oil products with a mass of 70 percent or more, tons

705,797

$194.4 million

611,313

306.7 million

Electricity

938,407

$42.5 million

1.3 million

$56 5 million

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