Non-oil exports to reach record high in 2021| MENAFN.COM

Thursday, 20 January 2022 11:30 GMT

Non-oil exports to reach record high in 2021


(MENAFN- AzerNews)

By Ayya Lmahamad

Azerbaijan's non-oil exports will reach a record high this year, Economy Minister Mikayil Jabbarov wrote on his official Twitter page on December 7.

'According to updated forecasts, this year's non-oil exports in Azerbaijan will reach a record high and exceed $2.6 billion,' he tweeted.

The minister stated that the efforts are continued to diversify the economy and increase transparency in line with sustainable development priorities.

Earlier, the minister said that a rise in the non-oil products export is an indicator of the Azerbaijani economy's sustainability, even during the pandemic.

It should be noted that the country's exports totalled $19.8 billion, with the non-oil sector accounting for $2.4 billion in January-November 2021. In the first 11 months of 2021, non-oil exports increased by $720.8 million or 44 percent, compared to the corresponding period of 2020. 

The task is set of sustainable diversification of the economy, and in this regard, it's planned to develop a concept that will contribute to the growth of non-oil exports. The volume of the non-oil goods' export is planned to double by 2025.

---

Ayya Lmahamad is AzerNews' staff journalist, follow her on Twitter: @AyyaLmahamad

Follow us on Twitter @AzerNewsAz

  • #MIKAYIL JABBAROV
  • #NON-OIL EXPORTS
  • #EXPORT
  • #AZERBAIJAN

MENAFN08122021000195011045ID1103324826


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.