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Azerbaijan's gold exports surge year-on-year

Business Materials 3 October 2020 09:57 (UTC +04:00)

BAKU, Azerbaijan, Oct. 3

By Fidan Babayeva - Trend:

Azerbaijan exported gold worth $28 million dollars in Aug, 2020, Trend reports citing the Export Review report of the Center for Analysis of Economic Reforms and Communications.

Thus, exports increased by $5.3 million, or 23.3 percent compared to August 2019.

In January-August of this year, Azerbaijan exported gold in the amount of $124.4 million, which is $16.7 million, or 15.5 percent more than in January-August 2019.

Azerbaijan's non-oil exports totaled $1.2 billion from January through August this year.

Exports of the non-oil sector decreased by 9.7 percent from January through August this year, compared to the same period last year and amounted to $1.2 billion.

Overall, the country's exports in the first eight months amounted to $9.9 billion .

According to the Ministry of Economy, Azerbaijan's non-oil exports will exceed $3 billion by 2024.

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