Azerbaijan exports most non-oil products to Russia, Turkiye this year

In January-September of this year, the total exports of Azerbaijan amounted to $29.5 billion, with the exports in the non-oil sector accounting for $2.1 billion, Report informs, citing the Export Review of the Center for Economic Reforms Analysis and Communication (CERAC).

The country's exports in the non-oil sector increased by 17% compared to the first nine months of 2021.

During January-September 2022, the export of chemical industry products increased by 2.4 times, the export of aluminum (and products) increased by 38%, and the export of ferrous metals (and products) grew by 20.7%.

The statistical value of the joint export of agricultural and agro-industrial products made up $591.5 million. Fruit and vegetable products exported during January-September 2022 accounted for 92.9% of the group of agricultural products. The added value created by agro-industrial products, which occupy a significant place in the composition of non-oil and gas exports, went up by 17.6% compared to the corresponding period of last year.

Urea (163.5 million) was the first in the list of non-oil sector goods exported during the reporting period, followed by ginned cotton ($147.1 million), and tomato ($134.3 million).

During this period, non-oil products worth $602.2 were exported to the Russian Federation, $511.6 million to Turkiye, $144.6 million to Georgia, $136.3 million to the Swiss Confederation, and $63.8 million to the United States.

Exports in September 2022 amounted to $3.3 billion, and exports in the non-oil sector amounted to $231.2 million. During the last month, exports of food products increased by 7.4% to $49.7 million, and non-food products climbed 1.7% to $181.6 million.

In September, the largest importer of non-oil products was the Russian Federation ($74.6 million US dollars), followed by Turkiye ($20.5 million), and Georgia ($18.5 million).