Non-oil Export Has Increased by 30.5 Percent
According to August issue of the Export Review, during first 7 months of 2021, the total export of Azerbaijan amounted to 11.4 billion US dollars with 1.4 billion US dollars in the non-oil sector. Non-oil export has increased by 316.7 billion US dollars or 30.5% in comparison with the corresponding period of 2020. In the first 7 months of 2021, amounted to 338 million US dollars, fruit and vegetables had the main share in the non-oil export. During the mentioned period, the share of ferrous metals and products made from them in the non-oil export have increased by 2.4 times, cotton yarn – by 2.8 times, sugar – by 2.3 times, chemical industry products – by 37%, cotton fiber – by 88.5%, aluminum and products made from it – by 42%.
In the period of normalization, the export in July amounted to 2.6 billion US dollars. With 55.7% increase, the non-oil export was 192 million US dollars. During July 2021, food export has increased by 6% in comparison with the same month of 2020 and reached 43 million US dollars, and non-food exports has increased by 80.1% reaching 149 million US dollars.
Related news
The indexing of "Economic Reforms" journal in international scientific…
The "Economic Reforms" scientific-analytical journal, published by the Center for Analysis of Economic Reforms and Communication (CAERC), has expanded its indexing across international academic information, scientific search,…
Training sessions of the "Startup School 4" program by the "Enterprise…
The opening ceremony and the first training session of the "Startup School 4: Five Continents, 500 Startups" global innovation program, implemented by the "Enterprise Azerbaijan" portal of the Center for Analysis…
CAERC continued its monitoring of the "National Strategy for the Efficient…
Representatives of the Center for Analysis of Economic Reforms and Communication (CAERC) visited the Gazakh, Agstafa, and Tovuz districts to monitor and evaluate the implementation of the "National Strategy for the Efficient…
Subsidizing transport costs will create new opportunities for non-oil exporters
The President of the Republic of Azerbaijan, Ilham Aliyev, has signed a Decree on additional measures regarding the stimulation of non-oil-and-gas goods export and the support of transport costs. The Decree defines a completely new…
“Enterprise Azerbaijan” Holds Discussions on Cooperation with “Enterprise Uzbekistan”…
Isa Gasimov, Head of the Enterprise Azerbaijan portal of the Center for Analysis of Economic Reforms and Communication (CAERC), held a series of meetings with representatives of IT Park Uzbekistan and Enterprise Uzbekistan in Tashkent,…
Vusal Gasimli to deliver a lecture at the University of London
Prof. Dr. Vusal Gasimli, Executive Director of the Center for Analysis of Economic Reforms and Communication (CAERC) will deliver a lecture at the University of London. The presentation will take place during the International…
Innovative technologies applied in public administration presented to civil servants…
Professor Vusal Gasimli, Executive Director of the Center for Analysis of Economic Reforms and Communication (CAERC), received a delegation of civil servants visiting Azerbaijan under the auspices of the The Academy of Public Policy…
Modernization of the BTK: Logistics efficiency and strategic perspectives
In the modern era, where technological progress has transformed the world into a single economic organism, the development of international transport corridors stands as one of the primary driving forces of global trade and economic…
Op-eds
Abdulrahim Dadashov
Deputy head of the Monitoring and evaluation division
Agricultural support mechanisms will create new opportunities for farmers and exporters
Ilyas Huseynov
Head of the Turkic World Research Center
Large-Scale Modernization of the Baku-Tbilisi-Kars Railway: A New Strategic Phase in the Middle Corridor and Eurasian Connectivity
Rashad Najafli
Deputy head of the Economic analysis division
Azerbaijan: A Guarantor of Peace and Security in the South Caucasus
Isa Gasimov
Head of the “Enterprise Azerbaijan” portal
Transition to an Innovation Ecosystem: Azerbaijan’s Strategic Choice
Gultaj Ahmadzada-Tapdigzada
Head of Sector at the Monitoring and Evaluation Division
Strategic Targets of Azerbaijan’s Energy Transformation
Samir Rahimov
Leading consultant of the Monitoring and evaluation division
Improving transport infrastructure in Baku and surrounding areas - Global challenges and the role of the State Program
Agil Asadov
Head of the Strategic planning division
The strategic importance of the Middle Corridor: growth of investment along the Trans-Caspian route and Azerbaijan’s regional…