Azerbaijan boosts non-oil exports by 19 pc

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In January-August 2022, Azerbaijan increased its non-oil exports by 19 percent, Azernews reports per the September export review of the Center for Economic Reforms Analysis and Communication of Azerbaijan.

In the first eight months of the year, Azerbaijan’s exports totaled $26.2 billion, including $1.9 billion in the non-oil sector.

Cotton yarn came in first with $143.4 million in non-oil exports, followed by carbamide with $142.2 million and tomatoes with $134.2 million. Russia ranked first with $527.6 million in non-oil product exports in January-August, followed by Turkiye with $491.1 million and Georgia with $126.9 million. During the normalization process, exports amounted to $3.7 billion in August 2022, with non-oil exports amounting to $204 million.

In addition, food exports increased by 21.5 percent and amounted to $46.6 million, while non-food exports amounted to $157.4 million.Russia ranked first with $65.5 million in non-oil product exports in August, followed by Turkiye with $28.9 million and Georgia with $19.3 million. Carbamide ($20.3 million) is first on the list of non-oil exports, followed by gold ($16.1 million) and peaches ($12.3 million).—Azernews

 

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