Azerbaijan increases import of soybean oil

In the first nine months of 2022, Azerbaijan imported 1,526 tons of soybean oil for $2.6 million, Report informs, citing the country’s State Statistics Committee.

According to the committee, these figures are 15% and 49% more year-on-year, respectively.

During the reporting period, Azerbaijan imported 1,361 tons (+16%) of soy oil from Russia for $2.333 million (51.3% more than a year ago), 99.46 tons (- 33.2 %) from Turkiye for $178,900 (-11.4%) and 65 tons from Ukraine for $90,250 (the supply was restored after a 3-year break).

In 2021, 88.7% of the 1,771 tons of soybean oil that Azerbaijan imported came from Russia.