In January-November 2024, Azerbaijan exported 10,918 tons of cotton yarn, valued at $27 million, marking a 1% increase in volume, and an 11% decline in value year-on-year, Report informs, referring to the country’s State Statistical Committee.
During the reporting period, Azerbaijan sold cotton yarn:
- To Türkiye - 7,013 tons (-17%) worth $18.41 million (-24%);
- To Russia - 3,899 tons (+65%) worth $8.56 million (+43%);
- To Georgia - 5 tons (+67%) worth $12,500 (+73%);
- To Iraq - 0.1 tons worth $600 (no supplies a year ago).
Furthermore, Azerbaijan imported 866 tons of cotton yarn worth $1.9 million in the first 11 months of 2024, representing a 9% increase both in terms of volume and value compared to the corresponding period in 2023.
During the reporting period, Azerbaijan purchased:
- From Türkiye - 730 tons (+20%) worth $1.52 million (+20%);
- From China - 53 tons (+77%) worth $132,000 (+2 times);
- From Uzbekistan - 33 tons (-46%) worth $115,000 (-47%);
- From Turkmenistan - 45.5 tons worth $96,500;
- From Pakistan - 1.54 tons (+3 times) worth $11,300 (+3 times).
In 2024, Azerbaijan imported cotton yarn from Turkmenistan for the first time in 13 years, based on publicly available foreign trade statistics dating back to 2011.