Non-oil exports from Azerbaijan amounted to a record $2.7 billion in 2021, which is 47.2% more than in 2020, the Center for Analysis of Economic Reforms and Communications said.
According to the center, in terms of exports, the main volume fell on raw cotton - $208 million (an increase of 57.7%), gold - $202.5 million (a decrease of 1.5%), tomatoes - $160.2 million (a decrease of 20.5%), persimmon - $125.9 (up 37.4%), primary form polypropylene - $120 million (up 86%), carbamide - $118.5 million (up 11.2 times), hazelnut - $108.8 million (4.5% decrease), primary polyethylene with a density below 0.94 - $95.8 million (2-fold increase), methanol - $90.1 million (76% increase), Interfax-Azerbaijan reports.
The top five countries importing Azerbaijani non-oil products are: Russia - $877.8 million (an increase of 27.3%), Turkey - $675.9 million (an increase of 78.9%), Switzerland - $224.1 million (a decrease by 0.3%), Georgia - $157.5 million (an increase of 23.4%) and the USA - $74.9 million (an increase of 3 times). Thus, 32.5% of exports of non-oil products fell on Russia, 25% - on Turkey.
In 2020, the volume of non-oil exports of Azerbaijan amounted to $1.9 billion, which is 5.2% less than in 2019. The decline was driven by the negative impact of restrictions due to COVID-19.
According to the Ministry of Economy, by 2026 the volume of non-oil exports will increase to $5 billion.
