Azerbaijan's spending on pharmaceutical imports rises by over 14%

In January-February 2025, Azerbaijan imported pharmaceutical products worth $90.63 million, Report informs, citing the country's State Customs Committee.

According to the committee, this figure is is 14.3% more compared to the same period in 2024.

In the first two months of 2025, Azerbaijan also exported pharmaceutical products worth $0.52 million - 3.1 times less less year-on-year.

Imports of pharmaceutical products accounted for 2.19% of Azerbaijan's total imports, while their exports made only 0.01% of total exports.

In January-February 2025, Azerbaijan conducted trade operations worth over $8.904 billion with other countries. This is 23.2% more compared to the same period last year.

Of the foreign trade turnover, $4.766 billion accounted for exports, and $4.138 billion fell on imports. Year-on-year, exports decreased by 0.3%, while imports increased by 69.1%.