Non-oil Export Has Increased by 37.1%
According to the September issue of the Export Review, during the first 8 months of 2021, the total export of Azerbaijan amounted to 13 billion US dollars with 1.6 billion US dollars in the non-oil sector. Non-oil export has increased by 429 million US dollars or 37.1% in comparison with the corresponding period of 2020. In the first 8 months of 2021, amounted to 364.7 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 has increased by 1.5 times, cotton yarn – by 3.1 times, sugar – by 2.2 times, chemical industry products – by 68%, cotton fiber – by 88.5%, aluminum and products made from it – by 45%.
In the period of normalization, the export in August amounted to 1.6 billion US dollars. With a 95.3% increase, the volume of the non-oil export amounted to 230,4 million US dollars. During August 2021, food export has increased by 53.1% in comparison with the same month of 2020 and reached 38.3 million US dollars, and non-food exports have increased by 106.6% reaching 192.1 million US dollars.
Related news
Vusal Gasimli made a presentation at the IMF's training session at CAERC
Prof. Dr. Vusal Gasimli, the Executive Director of the Center for Analysis of Economic Reforms and Communication delivered a presentation as part of the "Macroeconomic Analysis/Financial Programming and Policies" training…
Vusal Gasimli met with the head of the British Islamic Trade Association
Prof. Dr. Vusal Gasimli, the Executive Director of the Center for Analysis of Economic Reforms and Communication met with Mr. Walid Jahangir, the Chief Executive Officer of the British Islamic Trade Association. During the…
Head of the division of CAERC presenting at conference in Vienna
Nijat Hajizade, Head of the division at the Center for Analysis of Economic Reforms and Communication, made a presentation titled "Azerbaijan: Macroeconomic Policy" in Vienna, the capital of Austria. The presentation…
The "Turkic Economic Outlook" report for the first half of 2024 has been…
The Turkic World Research Center, operating under the Center for Analysis of Economic Reforms and Communication, has presented the latest issue of the "Turkic Economic Outlook." The report, covering the period…
The International Monetary Fund has started training on "Macroeconomic analysis…
The International Monetary Fund (IMF) has launched a training program titled Macroeconomic Analysis/Fiscal Programming and Policies at the Center for Analysis of Economic Reforms and Communication (CAERC). The training,…
On the eve of the Turkic States Cooperation Day, joint activities were discussed…
October 3 is celebrated annually as Turkic States Cooperation Day, marking the anniversary of the Nakhchivan Agreement, signed on October 3, 2009, which established the Cooperation Council of Turkic-Speaking States. The Organization…
CAERC employees have experience in the fields of statistics and digital transformation…
Representatives of the Center for Analysis of Economic Reforms and Communication visited the Federal Republic of Germany. Tarana Salifova, Adviser to the Executive director of the Center, and Gunay Guliyeva, Head of the…
Presentation of the book "Turkic States Economy " was held in Uzbekistan
The presentation of the book "Turkic States Economy," prepared by the Center for Analysis of Economic Reforms and Communication (CAERC) in cooperation with the Secretariat of the Organization of Turkic States (OTS), was…
Op-eds
Shabnam Mammadli
Sector director of the Monitoring of socio-economic programs
The liquidation of "Azalternativenerji" LLC will serve to reduce the demand and risks for state resources
Tarana Salifova
Head of the Monitoring and evaluation division
The change made in the strategy of socio-economic development for 2022-2026 will stimulate high economic growth
Vusal Gasimli
Executive director of CAERC
The equilibrium real exchange rate in a commodity exporting country: Azerbaijan's experience
Gunay Guliyeva
Head of department at CAERC
Educational Loans Will Accelerate Economic Development
Nijat Hajizade
The Head of department of CAERC
There Are Prospects for the Development of Export of Services
Vusal Gasimli
Executive director of CAERC
Baku’s 'smart' Karabakh plan paints a bright future
Nijat Hajizade
The Head of department of CAERC
Foreign Trade and Diversification in Azerbaijan during the Pandemic