Number of countries importing services from Azerkosmos increases

In 2023, Azercosmos, under the Ministry of Digital Development and Transport of Azerbaijan, exported services worth $19.8 million to 48 countries, Report informs, citing the Export Review of the Center for Analysis of Economic Reforms and Communication.

Compared to the same period last year, this is six countries more and $6.8 million, or 25.6%, less than a year earlier.

In December 2023 alone, Azercosmos exported services (satellite telecommunications and optical satellites) to 45 countries for $1.8 million, respectively, up 9 countries and $0.5 million (21.7%) from the previous year.

In 2023, Azercosmos sold the most services to the UK ($5.8 million), Luxembourg ($4.1 million), the UAE ($1.6 million), Germany ($1 million), and Nigeria ($724,900).

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