Export earnings of Azerbaijan’s Azercosmos down by 28%

In January-June this year, Azercosmos, under the Ministry of Digital Development and Transport of Azerbaijan, exported services worth $9.5 million to 43 countries, Report informs, citing the Export Review presented by the Center for Analysis of Economic Reforms and Communication.

Compared to the same period last year, this is nine countries more and $3.6 million, or 27.5%, less than a year earlier.

In June alone, Azercosmos exported services (satellite telecommunications and optical satellite) to 40 countries for $1.7 million.

In six months, Azercosmos sold the most services to the UK ($2.7 million), Luxembourg ($2.1 million), UAE ($837,700), Germany ($522,200), and Pakistan ($444,400).

The space agency’s service export revenue accounted for 78% of total revenue.