Germany Plans To Boost Exports To Azerbaijan, Ahk Executive Says
Date
7/21/2023 1:03:37 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, July 21. Germany plans to
increase exports to Azerbaijan to over $500 million by the end of
2023, Executive Director of the German-Azerbaijani Chamber of
Commerce (AHK Azerbaijan) Tobias Baumann told trend .
According to him, the surplus of foreign trade turnover between
Azerbaijan and Germany in 2022 amounted to over $1.2 billion.
"Germany exported goods to Azerbaijan for $472 million, and
imported - for $1.7 billion. The largest volume of German imports
from Azerbaijan fell on products of the oil and gas sector," he
said.
Trade turnover between Azerbaijan and Germany from January
through April 2023 amounted to $578.9 million. Azerbaijan imported
goods worth $263.4 million from Germany and exported goods worth
$315.49 million.
In the first four months of this year, the value of the export
of Azerbaijani oil and petroleum products to Germany amounted to
$301.35 million, which is 65.75 percent or $119.5 million more than
in the same period in 2022.
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