Azerbaijan non-oil exports to Turkey up by 21.5% in Jan-April, 1.5 times to Russia

According to the results of January-April 2023, non-oil exports from Azerbaijan amounted to $1.2 billion, which is 21.2% more than the same period in 2022, Interfax-Azerbaijan reports with reference to the Center for Analysis of Economic Reforms and Communications. 

According to the center, the main volume of exports was shared by electricity - $313.7 million (an increase of 9.4 times), tomatoes - $54.2 million (a decrease of 6.9%), hazelnuts - $47.2 million (a decrease in by 1.5%), gold - $44.6 million (a decrease of 6.7%), polypropylene of the primary form - $44.2 million (an increase of 16.6%), raw cotton - $38.3 million (a decrease of 62.6%), methanol - $31 million (down 38.7%), carbamide - $30.3 million (down 55.6%), primary form polyethylene with a specific gravity of more than 0.94 - $29.1 mln (up 2.7 times).

The top five importing countries of Azerbaijani non-oil products are: Turkey - $405.4 million (an increase of 21.5%), Russia - $285.2 million (an increase of 48.8%), Georgia - $142.6 million (an increase of 21.5%). 2.3 times), Switzerland - $49.2 million (down 3.5%), Kazakhstan - $34.5 million (up 2.6 times). Thus, Turkey accounted for 33.8%, the Russian Federation - 23.8% of exports of non-oil products.

According to the Ministry of Economy, by 2027 the volume of non-oil exports will increase to $5 billion.