Key Highlights:
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Non-Oil Exports:
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January–May 2018 non-oil sector exports reached USD 667.5 million, a 20% increase compared to the same period in 2017.
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Main export destinations: Russia (USD 223.2M), Turkey (USD 154.3M), Georgia (USD 69.9M), Switzerland (USD 56.5M), China (USD 19.1M).
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Top Exported Products:
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Tomatoes – USD 96.8M (21% increase in value, 15% increase in volume)
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Electricity – USD 53.3M
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Gold (unprocessed) – USD 48.4M
Other products: fruits and vegetables (USD 189.8M), plastic products (USD 59M), aluminum (USD 58M), ferrous metals (USD 28M), chemical products (USD 23.7M), cotton yarn (USD 7.6M).
Growth rates: electricity 3.2×, fruits and vegetables 23.3%, aluminum products 20.4%, cotton yarn 15%, chemical products 11.4%.
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May 2018 Export Overview:
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Non-oil exports: USD 182M
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Top countries: Russia (USD 87.8M), Turkey (USD 27.1M), Switzerland (USD 16.9M), Georgia (USD 13.5M), Netherlands (USD 6.3M)
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Top products: tomatoes (USD 54.3M), potatoes (USD 16.3M), gold (USD 14.1M)
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Leading Exporters:
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Private sector: Azerbaijan International Mining Company Limited (AZ office), MKT Production & Commerce LLC, Baku Steel Company LLC, Kapitan Fruits LLC, Qala Fruits & Vegetables LLC, Food Export Shamkir LLC, Azfruittrade LLC, Shirin Agro JSC, Sun Food LLC, Metalchilar-2 LLC.
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State-owned enterprises: SOCAR Marketing and Economic Operations Department, Azerenergy JSC, Det-al Aluminum LLC, Azergold JSC, CTS-Agro LLC, Azerbaijan Airlines JSC, SOCAR Methanol LLC, Supply of Food Products OJSC.
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Service Exports:
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Azercosmos JSC exported satellite and telecommunications services to 19 countries. Revenue in January–May 2018: USD 11M; in May: USD 1.6M. Key markets: France, UAE, Germany, Georgia, China, Egypt, Kyrgyzstan, Cyprus, CAR, UK, Ukraine.
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Tourism & Foreign Spending:
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January–May 2018: 1,055.6 thousand foreign visitors (+10.1% YoY)
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Foreign card transactions: AZN 513.7M (+21% YoY)
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May 2018: AZN 107.3M (+16% YoY)
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Azexport.az Portal:
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May 2018: USD 27.7M in export orders
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Jan 2017–May 2018: USD 725.2M from 95 countries
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Integrated with Google Market Finder
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“One-Window” Export Support Center:
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Issued over 400 certificates in June 2018 for physical and legal persons
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Exported products to countries including Turkey, Russia, UAE, Georgia, Switzerland, Qatar, Italy, Kazakhstan, Vietnam, Malaysia, Germany, Serbia, Iran, Greece, Ukraine, China, Canada, Netherlands, Czech Republic
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Currently, over 10% of non-oil exports documentation is handled via the Center
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Additional Updates:
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Launch of Qida Tehlukesizliyi Agentliyi activities at the One-Window Export Support Center
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Establishment of the Azerbaijan Trade House in Ukraine
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Export mission to Switzerland
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The Export Review aims to inform entrepreneurs about export opportunities, enhance access to traditional and new markets, and accelerate integration into international markets.
Full issue available at: www.iqtisadiislahat.org – Reviews Section