Azerbaijan reduces spending on imports of vehicle parts

In January-August 2024, Azerbaijan imported vehicles and their spare parts worth $1.482 billion, which is $224.65 million or 13.2% less year-on-year, Report informs, citing the country's State Customs Committee.

During the reporting period, the import of vehicles and their parts made up 11.6% of Azerbaijan's total imports.

During the first eight months of 2024, Azerbaijan conducted trade transactions with foreign countries worth $30.995 billion. Exports accounted for $18.232 billion of foreign trade turnover, and imports accounted for $12.764 billion. Exports decreased by 25.1%, while imports increased by 14.5% year-on-year.