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Azerbaijan doubles export volume of cotton

Business Materials 28 September 2021 18:22 (UTC +04:00)
Azerbaijan doubles export volume of cotton

BAKU, Azerbaijan, Sept. 28

By Zeyni Jafarov - Trend:

Azerbaijan doubled the export volume of cotton from January through August 2021 compared to the same period of last year from $91.7 million to $183.1 million, Trend reports on Sept. 28 with reference to the statistics bulletin of the Azerbaijani State Customs Committee.

The share of cotton in total Azerbaijani export volume increased from 0.93 percent to 1.42 percent for the year.

At the same time, Azerbaijan’s import of cotton during the reporting period decreased by 12.5 percent or $491,000 compared to the same period of last year - from $3.9 million to $3.4 million.

The share of cotton in total Azerbaijani import decreased from 0.06 percent to 0.05 percent for the year.

In general, Azerbaijan's foreign trade turnover exceeded $20.3 billion from January through August 2021.

Some $12.9 billion (63.77 percent) of that amount accounted for export while $7.3 billion (36.23 percent) – for import.

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