(MENAFN- AzerNews)
By Ayya Lmahamad
Azerbaijan increased its non-oil exports by $280.6 million, or
30.9 percent, in January-May of 2022, Azernews reports per the June
export review of the Center for Economic Reforms Analysis and
Communication of Azerbaijan.
In the first five months of the year, Azerbaijan's exports
totaled $15.4 billion, including $1.2 billion in the non-oil
sector. Fruit and vegetable production increased by 6.4 percent to
$219.2 million compared to January-May 2021.
Cotton yarn came in first with $123.7 million in non-oil
exports, followed by tomatoes with $91 million and carbamide with
$84.1 million.
Turkey ranked first with $390.2 million in non-oil product
exports in January-May, followed by Russia with $263.4 million and
Georgia with $74.7 million.
During the normalization process, exports amounted to $3.6
billion in May 2022. Non-oil exports increased by 5.7 percent to
$222.4 million. In addition, food exports amounted to $66.4
million, while non-food exports increased by 24.7 percent to $156
million.
Russia ranked first with $71.7 million in non-oil product
exports in May, followed by Turkey with $56.5 million and India
with $17 million. Tomatoes ($32.8 million) are first on the list of
non-oil exports, followed by cotton yarn ($21.2 million) and
carbamide ($15.9 million).
The export review also included data on export orders received
by the azexport.az portal. As a result, the portal received orders
totaling $215 million from January to May 2022. In May 2022, the
value of export orders received by the azexport.az was $52.3
million. It should be noted that the portal received $3.04 billion
in export orders from 145 countries between January 2017 and May
31, 2021.
Furthermore, the value of non-oil exports through the Single
Window Export Support Centre in June of this year was $20
million.
The purpose of the export review is to familiarize entrepreneurs
with export issues, expand opportunities for exporting local goods
to traditional and new markets, and accelerate the process of
integration into international markets.
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