Non-oil Export has increased by 59%
According to the February issue of the Export Review, during January 2022, the total export of Azerbaijan amounted to 3.1 billion US dollars with 232.2 million US dollars in the non-oil sector. Non-oil export has increased by 86.2 million US dollars or 59% in comparison with 2021.
During January 2022, the export of fruits and vegetables has increased by 15.8 million US dollars in comparison with the same period of 2021, and reached 52.8 million US dollars. During the mentioned period, the share of chemical industry products in the non-oil export has increased by 9.3 times, cotton yarn - by 56.4% times, aluminum and products made of it – by 56.5 %, cotton fiber – by 34.5%, sugar – by 24.1 %, and ferrous metals and products made of them – by 10.2%.
In the period of normalization, in January 2022, food export has increased by 31% in comparison with the same month of 2021 and reached 60.2 million US dollars, and non-food exports have increased by 71.9% reaching 172 million US dollars.
Op-eds
Agil Asadov
Head of the Strategic planning division
Moody's: Growing influence of the Middle Corridor boosts economic prospects
Vusala Jafarova
Head of the Turkic World Research Center
"SCO Plus Summit: Catalyzing Economic Growth and Connectivity Among Turkic States"
Ayaz Museyibov
Deputy Executive Director of the CAERC
Azerbaijan and Türkiye: Leading through unity in global crises
Ayaz Museyibov
Deputy Executive Director of the CAERC
Türkiye-Kyrgyzstan partnership fuels Middle Corridor's rise
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