Azerbaijan reduces its expenditure on importing pharmaceutical products
From January to July of this year, Azerbaijan imported pharmaceutical products worth $305.496 million, Azernews reports.
This represents a 15.6% decrease compared to the same period in 2023.
During the reporting period, Azerbaijan also exported pharmaceutical products valued at $2.289 million, which is six times less than a year ago.
Imports of pharmaceutical products accounted for 2.83% of Azerbaijan's total imports, while exports represented 0.01% of total exports.
It is worth noting that from January to July of this year, Azerbaijan conducted trade operations worth $26.892 billion with foreign countries. This is an 11.3% decrease compared to the same period last year.
The foreign trade turnover consisted of $16.099 billion in exports and $10.793 billion in imports. Over the past year, exports have decreased by 22.5%, while imports have increased by 12.9%.
As a result, there was a positive trade balance of $5.306 billion, which is 2.1 times less than the previous year.
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