Azerbaijan's Non-Oil Exports Show Upward Dynamics - Minister


(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 19. The recent growth of export opportunities in the non-oil sector is one of the important indicators of economic diversification, Minister of Economy Mikayil Jabbarov wrote on Twitter, trend reports.

"Exports of non-oil products increased by 21.2 percent from January through April of this year compared to the same period of the previous year to $1.1 billion," he said.

Azerbaijan increased non-oil exports by 12.3 percent to $3 billion in 2022.

It is planned to increase the volume of Azerbaijan's non-oil exports to $5 billion by 2025.

From January through March 2023, non-oil sector goods worth $339.9 million were exported to Türkiye, $200.7 million to the Russian Federation, $109.2 million to Georgia, $29.7million to the Swiss Confederation, and $27.6 million to Kazakhstan.

Non-oil exports amounted to $261 million in March 2023.





MENAFN19052023000187011040ID1106276785


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.