Azernews.Az

By Mirsaid Ibrahimzade

Azerbaijan's non-oil exports reached $1.689 billion in 2018, which is 10 percent or $151 million more compared to 2017, Ramin Huseyn, an analyst at the Center for the Analysis of Economic Reforms and Communications, said at press conference on February 1, Trend reported.

The major part of exports from Azerbaijan as of 2018 accounted for tomatoes ($177.4 million), while unprocessed gold came second with $118 million, followed by persimmons with $114.5 million.

The total value of exported fruits and vegetables in 2018 amounted to $560 million, showing an increase of 11 percent compared to 2017. Exports of plastic products amounted to $118.6 million (an increase of 17 percent), while aluminum exports reached $112.2 million. Exports of ferrous metals amounted to $86.2 million, thus registering an increase of 4 percent.

Meanwhile, electricity exports, having grown by 29 percent reached $65.6 million.

Azerbaijan exported cotton fiber worth $80.5 million (an increase of 49 percent) and cotton wool yarn worth $24 million in 2018. Compared to 2017, exports of cotton yarn increased by 2.4 times.

Talking about non-oil sector, it would appropriate to mention about steps that have been made for diversification of economy and state program of “Socio-economic development of regions of the Republic of Azerbaijan in 2014-2018” which made huge contribution to the non-oil sector, since main potential for production of non-oil products is concentrated in the regions of Azerbaijan.

Moreover, speaking of an integration to world markets, one should note the penetration of the brand name “Made in Azerbaijan” to international trade operations and opening of Azerbaijani trade houses abroad.

---

Follow us on Twitter @AzerNewsAz