Azerbaijan exported electricity worth $58M in 8 months of 2024

In the first eight months of 2024, Azerbaijan exported 1.019 billion kWh of electricity, valued at $57.5 million, according to the country's State Customs Committee, Report informs.

Compared to the same period last year, the value of exported electricity decreased by 81.7%, while the volume dropped by 64%.

In August alone, the country exported 77.5 million kWh of electricity, worth $5.7 million. This represents a significant increase compared to the same period last year, with the value and volume of exports growing by 9.7 times and 3.7 times, respectively.

Over the past eight months, Azerbaijan conducted foreign trade operations valued at $30.995 billion. Exports accounted for $18.232 billion, while imports made up $12.764 billion. Compared to the previous year, exports decreased by 25.1%, while imports increased by 14.5%.