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Azerbaijani top private companies' non-oil exports value increasing

Business Materials 27 July 2023 21:30 (UTC +04:00)
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, July 27. The total value of non-oil products' export by Azerbaijan's top-10 private companies increased from January through June 2023, Trend reports.

According to the Azerbaijani Center for Analysis of Economic Reforms and Communications, this figure amounted to $311.3 million, up 38.32 percent, or $101.08 million compared to the same period in 2022 ($210.2 million).

MKT Istehsalat Kommersiya LLC became the largest exporter of non-oil products among private companies in Azerbaijan in the first half of this year.

The company's exports in the specified period amounted to $53.6 million (a decrease of 38.32 percent, or $33.3 million).

Ranking of private companies included in the TOP-10 non-oil exporters:

Company

Volume of exports from January through June 2023

Volume of exports from January through June 2022

MKT Istehsalat Kommersiya LLC

$53.6 million

$86.9 million

Shirinov Elvin (Individual entrepreneur)

$52.5 million

$13.2 million

Baku Steel Company LLC

$39.2 million

$14.5 million

Azerbaijan International Mining Company LLC

$38 million

$51.4 million

Best Logistik LLC

$30 million

$20,000

STP Global Cable LLC

$25.9 million

$1.3 million

P-Agro LLC

$19.9 million

$25.2

My Fruit LLC

$19.6 million

-

Almeyva LLC

$16.7 million

$17.7 million

Mega Fruit Az LLC

$15.9 million

-

Meanwhile, MKT Istehsalat Kommersiya LLC became the largest exporter of non-oil products among private companies in Azerbaijan in 2022.

The company's exports during the specified period amounted to $100.9 million (a decrease of 8.56 percent, or $10.6 million, compared to 2021).

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