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More than half of Azerbaijan's export accounts for private sector

Business Materials 15 September 2020 15:13 (UTC +04:00)
More than half of Azerbaijan's export accounts for private sector

BAKU, Azerbaijan, Sept. 15

By Fidan Babayeva – Trend:

Azerbaijan exported the products worth a total of $9.9 billion from January through August 2020, which is 26.8 percent less than during the same period of 2019, Trend reports on Sept. 15 with reference to the report of the country’s State Customs Committee.

The public sector's share in export volume made up 49.2 percent or $4.8 billion during the reporting period, the committee said.

The share of the private sector (legal entities) was $4.9 billion, or 50.5 percent of the total export volume, while individuals accounted for $35.4 million.

In total, Azerbaijan exported 2,475 types of goods and imported 7,136 types of goods, conducting foreign trade operations with 175 partner countries.

Most of all, in the first eight months of 2020, Azerbaijan exported oil and oil products, electricity, chemicals, as well as fruits and vegetables.

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

Goods

From January through August 2020

From January through August 2019

Quantity

Cost ($)

Quantity

Cost ($)

Crude oil, tons

20.7 billion

$6.8 billion

21.4 billion

$10.4 billion

Natural gas, 1,000 cubic meters

8.9 billion

$1.7 billion

7.4 billion

$1.4 billion

Fruits and vegetables, tons

372.9 million

$376.2 million

364.9 million

$361.7 million

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

763.3 million

$211.3 million

685.6 million

$335.4 million

Plastics and products made from it, tons

160.9 million

$118.5 million

184.4 million

$136.8 million

(1 USD = 1.7 AZN on Sept. 15)

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