30 December 2023, 12:14

According to the December issue of the "Export Review" prepared by the Center for Analysis of Economic Reforms and Communication, Azerbaijan's total exports in January-November 2023 amounted to 31.5 billion US dollars. Non-oil sector exports increased by 10.5%, reaching 3 billion US dollars, and food product exports during the same period equaled 821.7 million US dollars.

During the first 11 months of the current year, exports of electricity increased by 3.1 times, alcoholic and non-alcoholic beverages by 2.5 times, plastic and plastic products by 22.1%, ferrous metal products by 16.4%, and fruits and vegetables by 8.1%.

The statistical value of joint agricultural and agro-industrial product exports increased by 6.4% to 853.62 million US dollars during January-November 2023. The value of agro-industrial products, a significant part of non-oil/gas exports, rose by 9.6% to 181.47 million US dollars.

In the list of non-oil sector goods exported during the first 11 months of the current year, electricity ($379.3 million) ranked first, followed by gold (143.1 million US dollars) and tomatoes (140.5 million US dollars).

From January to November 2023, non-oil sector goods were exported to Russia (1 billion USD), Turkey (728.8 million USD), Georgia (299.9 million USD), the Swiss Confederation (154.6 million USD), and Kazakhstan (89.9 million USD).

Non-oil exports in November 2023 increased by 6.2% to 321.85 million US dollars. Food product exports were 114.8 million US dollars, while non-food product exports reached 207.05 million US dollars, reflecting a 17.3% increase.

In November 2023, the Russian Federation (122.4 million US dollars) topped the list of countries exporting the most non-oil sector goods. Turkey (52.9 million US dollars) ranked second, and Georgia (33.5 million US dollars) came in third.

Dates (45.3 million US dollars) led the list of non-oil sector goods exported in November 2023, followed by electricity (31.2 million US dollars) and gold (25 million US dollars).

The "Export Review" indicated that non-oil exports through the "One Stop Shop" Export Support Center reached 242.9 million US dollars in January-December 2023, with December accounting for 21.5 million US dollars.

The "Export Review" compiled a rating of both non-state and state-owned exporting entities in the non-oil sector for January-November 2023. The top ten non-state exporting entities included Shirinov Elvin Valeh oglu, "MKT Ishtishalat Kommersiya" LLC, "Baku Steel Company" JSC, "Azerbaijan International Mining Company Limited Company" Representation in the Republic of Azerbaijan, "Best Logistik" LLC, "My Fruit" LLC, "STP Global Cable" LLC, "P-Agro" LLC, Muradova Sahiba Salimet gizi, "Mors Trading" LLC.

State-owned companies participating in non-oil sector export operations were headed by "Azerenergy" ATSC, with other companies such as the Marketing and Economic Operations Department of SOCAR, "SOCAR Polymer" LLC, "Azeraluminium" LLC, "AzerGold" CJSC, "Azerpambig Agrarian Industrial Complex" LLC, "Azerbaijan Hava Yollari" CJSC, "Azeripak" LLC, "Azerbaijan Demir Yollari" JSC, and the State Energy Service of Nakhchivan MR also featured.

In January-November 2023, the Space Agency of the Republic of Azerbaijan (Azerkosmos) exported satellite telecommunication services worth 18 million US dollars to 48 countries worldwide. Azerkosmos' service exports constituted 78% of its total income. In November 2023, "Azerkosmos" exported services worth 1.8 million US dollars to 44 countries.

The top five satellite telecommunication services export destinations in January-November 2023 were the United Kingdom (5.2 million US dollars), Luxembourg (3.7 million US dollars), the UAE (1.5 million US dollars), Germany (959.4 thousand US dollars), and Nigeria (675.8 thousand US dollars).

Transactions worth 2 billion manats and 181.8 million manats were conducted in the payment service network owned by banks using payment cards issued by non-resident financial institutions from January to November 2023.


Center for Analysis of Economic Reforms and Communication
www.ereforms.gov.az