Follow us:
  • Facebook
  • Twitter
  • Google+
  • AppStore
  • RSS
Azernews.Az
Saturday March 6 2021
  • Latest
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel
Home
  • Home
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel

Azerbaijan's exports hit $9.1bn in 2020

1 September 2020 10:00 (UTC+04:00)
1 664

By Ayya Lmahamad

The volume of Azerbaijan’s export amounted to $9.1 billion during the first seven months of 2020, the Center for Economic Reforms Analysis and Communication of Azerbaijan reported in its "Export Review" of August.

According to the report, export of non-oil sector amounted to $1.3 million, with a decline by 8.6 percent or $98 million, compared to the same period of 2019 due to COVID-19.

During the reporting period, non-oil goods worth $418.6 million were exported to Russia, $205 million to Turkey, $107.6 million to Switzerland, $84.2 million to Georgia and $31.7 to China.

Compared to the same period of 2019, non-oil exports to Russia increased by 5.7 percent, to Switzerland by 21.9 percent and to China by 60.9 percent.

In the list of non-oil exports, tomatoes ranked first with $166.5 million, followed by gold, with $96.5 million, and cotton products, with $70.6 million.

Likewise, during the first seven months of the year, exports of fruits and vegetables amounted to $359.6 million, cotton fiber to $71.6 million, aluminum and its products to $51.3 million, chemical products to $46.5 million, ferrous metals and its products to $27.4 million, cotton yarn to $10.6 million, alcoholic and soft drinks to $7.3 million, sugar to $9.3 million, vegetable oil to $13.7 million and tea to $5.5 million.

Earlier it was reported that exports in the non-oil sector amounted to $123 million in July 2020. Top five countries in terms of export were Russia with $48.3 million, Turkey with 27.8 million, Switzerland with $11.5 million, Georgia with $7.5 million and China with $3.4 million. In addition, the largest amount of exports accounted for cherries with $16.4 million, followed by cotton products  with $12.1 million, and for the third place gold with $10.7 million.

Furthermore, Export Review provides information on the export of services.

Thus, during the reporting period, Azercosmos OJSC exported services worth $28.1 million to 27 countries, which is by 10.2 percent more than in the same period of 2019. In addition, the company’s income from service exports made up 90 percent of its total income.

Additionally, the volume of transactions carried out by foreigners on bank cards in Azerbaijan amounted to AZN 23 million ($13.5M).

The "Export Review" also provided information on export orders received by the “Azexport.az” portal in January-July 2020. Thus, during the reporting period, the portal received exports orders in the amount of $374.5 million, which is an increase by 8 percent compared to the same period last year.

Moreover, the value of non-oil exports through the “Single Window” Export Support Center amounted to $19.5 million in August 2020. In addition, during the first eight months of the years, the “Single Window” Export Support Center issued relevant export certificates to hundreds of entrepreneurs, resulting in non-oil exports worth $312.8 million.

It should be noted that the purpose of "Export Review" is to familiarize entrepreneurs with export issues, expand opportunities for exporting local goods to traditional and new markets and accelerate the process of integration into international markets.

---

Follow us on Twitter @AzerNewsAz  

  • #AZERBAIJANI CENTER FOR ECONOMIC REFORMS ANALYSIS AND COMMUNICATION
  • #EXPORT REVIEW

Related News

Azerbaijan boosts non-oil exports by 3.7 pct in January

Azerbaijan boosts non-oil exports by 3.7 pct in January

2 March 13:00
Azercosmos exports services worth $45.1m in 2020

Azercosmos exports services worth $45.1m in 2020

2 February 10:15
Azerbaijan's exports hit $13.7bn in 2020

Azerbaijan's exports hit $13.7bn in 2020

1 February 11:02
Azerbaijan's exports hit $13.1bn in Jan-Nov 2020

Azerbaijan's exports hit $13.1bn in Jan-Nov 2020

2 January 10:00
Azerbaijan's exports hit $12.2bn in 2020

Azerbaijan's exports hit $12.2bn in 2020

3 December 2020 13:00
Azercosmos exports services worth $37.8m in Jan-Oct

Azercosmos exports services worth $37.8m in Jan-Oct

3 December 2020 10:35
Azerbaijan's exports hit $10.6bn in 2020

Azerbaijan's exports hit $10.6bn in 2020

3 November 2020 16:59
Azerbaijan's exports hit $9.9bn in 2020

Azerbaijan's exports hit $9.9bn in 2020

1 October 2020 10:06
Azerbaijan's exports hit $7.7bn in 2020

Azerbaijan's exports hit $7.7bn in 2020

2 August 2020 11:30
Azerbaijan’s exports hit $6.9bn in 2020

Azerbaijan’s exports hit $6.9bn in 2020

30 June 2020 15:58
  • Latest
  • Popular
5 March 19:45 • Azerbaijan may apply quarantine measures if COVID-19 infections continue to increase
5 March 19:27 • Sunny weather expected on Saturday
5 March 19:10 • Azerbaijani PM expresses condolences to Turkish VP over helicopter crash
5 March 18:52 • Azercell reveals the “Victory Year”s results
5 March 18:38 • MoD shares video from Aghdam's Taghybayli village [VIDEO]
5 March 18:29 • Azerbaijan holds auction for public property facilities
5 March 18:25 • Azerbaijan eyes to start employment promotion activities in liberated areas
5 March 18:14 • Economy Minister highlights country's progress in terms of economic freedom
5 March 17:41 • Heydar Aliyev Foundation contributes to protection of world and religious heritage in Vatican
5 March 17:27 • Azerbaijani State Security Service shares grief of death of Turkish servicemen
5 March 17:23 • U.S. Congressman commemorates victims of Khojaly genocide
5 March 17:11 • Armenia once again demonstrates that it is far from sound thinking - Azerbaijani Foreign Ministry
5 March 17:10 • Police seize Armenian munitions in liberated Shusha
5 March 16:54 • US experts visit war-torn areas of Azerbaijan's Tartar [PHOTO]
5 March 16:52 • Mehriban Aliyeva appointed as first deputy chairperson of ruling New Azerbaijan Party
5 March 16:39 • Azerbaijan hands over to Armenia remains of two servicemen
5 March 16:15 • More houses, apartments given to martyrs' families, disabled war veterans
5 March 15:59 • Azerbaijani oil prices on the rise
5 March 15:38 • Azerbaijan's Aghdam - now huge field of ruins, BBC report says [VIDEO]
5 March 15:10 • Azerbaijan, Qatar eye economic cooperation development
5 March 12:14 • Culture Minister meets with art figures in Istanbul [UPDATE]
5 March 12:33 • President Aliyev invites ECO members to join new transport corridor in S. Caucasus [UPDATE]
5 March 10:45 • Azerbaijan doing everything to create new transport infrastructure in South Caucasus – Russian analyst
5 March 11:24 • Demining of Azerbaijani lands complicated by Armenia’s refusal to provide maps of minefields - Expert
5 March 11:40 • Azerbaijan Railways boost volume of transit freight traffic in 2020
5 March 11:00 • Azerbaijan extends condolences to Turkey over deadly helicopter crash
5 March 12:40 • Azerbaijan, Argentina mull export, investment cooperation
5 March 12:18 • Azerbaijan, Turkey exchange views on cultural ties [PHOTO]
5 March 10:00 • Azerbaijani-Iranian talks underway to open joint customs checkpoint
5 March 18:52 • Azercell reveals the “Victory Year”s results
5 March 15:10 • Azerbaijan, Qatar eye economic cooperation development
5 March 11:59 • National futsal team gains another victory [PHOTO]
5 March 16:52 • Mehriban Aliyeva appointed as first deputy chairperson of ruling New Azerbaijan Party
5 March 14:30 • Azerbaijan names amount of compensations paid to closed banks' depositors
5 March 11:12 • Long-awaited end to Karabakh conflict creates new opportunities - Former US ambassador to Azerbaijan
5 March 13:15 • Azerbaijan celebrates Day of Physical Culture and Sports [PHOTO]
5 March 13:45 • New plant to be commissioned in Baku
5 March 12:50 • Ruling New Azerbaijan Party holds extraordinary congress [PHOTO]
5 March 10:15 • Azerbaijan shows footage from Zangilan`s Kechikli village [VIDEO]
5 March 17:23 • U.S. Congressman commemorates victims of Khojaly genocide
See more
AzerNews Newspaper
AzerNews
  • Facebook
  • Twitter
  • Google+
  • RSS

Information

About us Contacts Advertising Azernews In Print

News Archive

© 2021 AzerNews. All rights reserved