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Azerbaijan's October 2020 non-oil exports slightly rise

Business Materials 2 December 2020 14:36 (UTC +04:00)
Azerbaijan's October 2020 non-oil exports slightly rise

BAKU, Azerbaijan, Dec. 2

By Fidan Babayeva – Trend:

Azerbaijan’s non-oil exports amounted to $162.8 million in October 2020, which is 1.7 percent more compared to October 2019, Trend reports citing the monthly Export Review.

From January through October 2020, Azerbaijan's non-oil exports amounted to $1.4 billion.

According to the report, the volume of exports in the non-oil sector of the country decreased by 10 percent year on year and amounted to $1.4 billion.

Non-oil products worth $550.6 million were exported to Russia, to Turkey - $285.5 million, to Switzerland - $176 million, to Georgia - $109.1 million, and to China - $34.7 million, said the report.

“At the same time, non-oil exports to Russia increased by 3.1 percent, to Switzerland - by 19.1 percent in annual terms. Exports of non-oil products to Turkey decreased by 12 percent, to Georgia - by 17 percent, and to China - by 0.8 percent,” the report said.

In June 2020, most of the Azerbaijani products were exported to Russia ($64.7 million), Turkey ($33.5 million), Switzerland ($10.7 million), Georgia ($9.5 million), and the US ($5.4 million).

The country's total exports in the first 10 months of this year amounted to $12.2 billion.

(1 USD = 1.7 AZN on Dec. 2).

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