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Azerbaijan increases export of products

Finance Materials 18 March 2020 14:52 (UTC +04:00)
Azerbaijan increases export of products

Baku, Azerbaijan, Mar. 18

By Eldar Janashvili – Trend:

Azerbaijan exported goods worth nearly $3.25 billion in January-February 2020, which is 3.1 percent more compared to the same period of 2019, Trend reports referring to data from Azerbaijan’s State Customs Committee.

Within the month, the volume of exports increased by 1.5 times, and the annual growth rate returned to the norm of 2019.

The share of the public sector in the exports amounted to $1.8 billion, which makes up about 55.6 percent of the total export volume. The export share of the private sector is $1.44 million, or 44.3 percent, of the total export volume. Individuals accounted for the remaining $5.1 million.

In total, Azerbaijan exported 1,581 and imported 5,780 types of goods, conducting foreign trade operations with 144 partner countries. The main export of Azerbaijan in January-February 2020 accounted for oil and oil products, electricity, fruits and vegetables, as well as chemical products.

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

Products

January-February 2020

January-February 2019

Quantity

Cost ($ thous.)

Quantity

Cost ($thous.)

Crude oil and crude oil products, tons

5,679 384.28

2,727 328.79

5,781 785.43

2,603 955.57

Oil products from bitumen and oil, in addition to crude products; Products containing oil, or petroleum products with a mass of 70% or more, tons

146,862.56

65,417.92

92,568.16

48,501,43

Electricity, thous. k/h

374, 631.85

17,847.54

701,931.71

30,471.20

Fruits and vegetables, tons

62,966.44

75,556.37

79,114.66

75,972.49

Chemical industry, tons

99,649.16

13,895.67

55,427.09

12,598.13

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