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In January-May 2024 gross domestic product in amount of 48026,0 million manats was produced in the country.In January-May 2024, investments at 6640,9 million manats were directed to fixed assets.For the state of May 1, 2024 number of employees engaged in the country economy made 1749,7 thsd. persons.In January-April 2024 4,3 percent more gross domestic product was produced in the country.In January-March 2024 average monthly nominal salary in the country made 985,3 manats.In January-April 2024, investments at 5230,4 million manats were directed to fixed assets.In January-February 2024 gross domestic product in amount of 18576,9 million manats was produced.In January 2024 industrial products at 5,2 billion manats were produced.For the state of 1st January of the current year winter crops for grain and green feed were sown in the area of 1025,4 thousand hectare.For the state of December 1, 2023 number of employees engaged in the country economy made 1732,6 thsd. persons.In January-April 2023, retail trade turnover increased by 2.9 percent in real terms.The foreign trade turnover of the country in January-March 2023 made 12269,3 million USD.In January-April 2023 the Republic of Azerbaijan received 522,9 thousand foreigners and stateless persons.50.2% of the total population of the country was women for the beginning of 2023.In January-March 2023, 368.9 thousand foreigners and stateless persons arrived in the Republic of Azerbaijan.In January-February 2023, retail trade turnover increased by 2.8 percent in real terms.In January-February 2023, the consumer price index was 113.9% compared to January-February 2022.50,2 percent of total number of population made up women to the beginning of 2023In 2022 cargo transportation in Azerbaijan side of the Europe-Caucasus-Asia Transport Corridor was 51420,6 thousand ton.Industrial products at 6,5 billion manats were produced in January 2023.

Foreign trade relations

08.02.2019, 17:15

In 2018 legal and natural entities of the Republic of Azerbaijan realized trade operations with their partners in 185 countries of the world, goods were exported to 113 countries and imported from 178 countries.

Taking into account value of statistically estimated exported crude oil and natural gas registered in the customs agencies but customs formalities of which not completed the foreign trade turnover of the country in 2018 made 31755.9 million USD, including export value – 20290.9 million USD, import value – 11465.0 million USD and consequently positive trade balance reached to 8825.9 million USD. In comparison with 2017 foreign trade turnover increased in actual price by 30.9%, including export – 31.1% and import – 30.5%. In real terms trade turnover increased by 0.5%, including export - by 0.6% and import – 0.2%.

According to the State Customs Committee data, 30.2% of export value was formed based on goods exported to Italy, 9.4% - Turkey, 6.7% - Israel, 4.8% - Czech Republic, 4.2% - India, 4.0% - Germany, 3.7% - Taiwan (province of China), 3.4% - Russia, per 3.1% - Canada and Indonesia, 2.7% - Portugal, 2.5% - Georgia, 2.3% - France, 2.0% - Spain and the rest 17.9% - other countries.

16.4% of total value of goods imported to our country was per the share of Russia, 13.8% - Turkey, 10.4% - China, 5.8% - Germany, 4.6% - USA, 4.5% - Switzerland, 4.1% - Ukraine, 3.6% - Iran, 3.3% - Japan, 3.0% - Italy, 2.3% - United Kingdom, 28.2% - other countries.

In 2018 non-oil products in amount of 1689.2 million US dollars have been exported and that is more in actual price for 9.8% and real terms for 1.0% relatively to 2017.

In 2018 compared to 2017 export of main types of products like fresh fruit increased by 22.4%, fresh vegetable – 1.6%, potato – 15.6%, vegetable oils – 14.2%, fruit and vegetable cans – 12.2%, natural grape wine and cellar – 1.8 times, margarine, other mixtures fit for food – 5.2%, cotton yarn - 2.4 times, polyethylene – 5.1%, unprocessed aluminum – 9.4%, cotton fibre – 35.0%, while export of sugar decreased by 28.0%, tobacco – 9.0%, fruit and vegetable juice – 22.2%, tea – 21.2%, ferrous metal pipes – 2.3%, semi-finished ferrous metals – 49.8%, bentonite clay – 11.5%.

In 2018 compared to 2017 import of cigarette increased by 2.2%, fresh fruit – 42.2%, poultry meat and its additional products – 32.0%, ferrous metal pipes – 1.6 times, motor cars – 2.3 times, ferrous metal rods – 45.9%, mineral fertilizers – 1.6 times, furniture – 24.0%, computing machinery, blocks and installations – 42.8%, polyethylene – 13.6%, domestic air conditioners – 39.6%, washing machine – 10.8%, trucks – 1.9 times, ferrous metal corners – 7.0%, busses – 1.6 times, cement and cement clinker – 36.2%, domestic refrigerator – 52.1 times, while wheat import decreased by 15.2%, vegetable oil – 0.8%, raw sugar and sugar – 35.2%, butter, other milk fats and pastas – 12.3%, tea – 4.6%, potato – 5.7%, beef – 10.0%, fresh vegetable – 41.3%, steel rolling – 11.4%, rubber tyres – 13.7%,

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