Azerbaijan's non-oil exports may reach $3.5B

Azerbaijan's non-oil exports may reach $3.4-3.5 billion in 2023, Yusif Abdullayev, Executive Director of the Export and Investment Promotion Fund (AZPOMO) under the Economy Ministry of Azerbaijan, said at a press conference on the results of the Fund's work in 2022 and upcoming tasks, Report informs.

According to Yusif Abdullayev, in 2022, this figure exceeded $3 billion for the first time, increasing by 12.3%.

He noted that non-oil exports were at $2.713 billion in 2021, and $3.048 billion in 2022:

"In January 2023, non-oil exports increased by 22.6% compared to the same period last year and reached $285 million. If exports continue to grow, we expect the figure to reach $3.4-3.5 billion this year."