Number of countries to which Azercosmos exported services in Q12024 up

In January-March 2024, Azercosmos, under the Ministry of Digital Development and Transport of Azerbaijan, exported services worth $4.7 million to 47 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 $0.7 million, or 13% less, and 7 countries more than a year earlier.

In the reporting period, the top five countries to which Azercosmos sold the most services include the UK ($1.5 million), Luxembourg ($966,800), the UAE ($339,800), Pakistan ($208,600), and Germany ($197,400).

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

In March alone, Azercosmos exported services worth $1.7 million to 43 countries.