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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

16.04.2019, 12:03

 On January-February 2019 legal and natural entities of the Republic of Azerbaijan realized trade operations with their partners in 144 countries of the world, goods were exported to 86 countries and imported from 138 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 on January-February 2019 made 5121.2 million USD, including export value – 2955.4 million USD, import value – 2165.8 million USD and consequently positive trade balance reached to 789.6 million USD. In comparison with January-February 2018 foreign trade turnover increased in actual price by 13.0 percent, including import – 49.1 percent, export decreased by 4.0 percent. In real terms trade turnover increased by 6.1 percent, including import - by 18.7 percent and export – 0.1 percent.

According to the State Customs Committee data, 37.7 percent of export value was formed based on goods exported to Italy, 8.7 percent - Turkey, 7.6 percent - Germany, 4.7 percent - Spain, 4.6 percent - Portugal, 4.4 percent - India, per 3.7 percent - Georgia and Austria, 3.4 percent - Czech Republic, 2.8 percent - Russia, 2.7 percent - Greece, 2.6 percent - France, 2.4 percent - Israel and the rest 11.0 percent - other countries.

12.7 percent of total value of goods imported to our country was per the share of Switzerland, 11.6 percent - Russia, 9.1 percent - Turkey, per 8.4 percent  - Iran and China, 5.8 percent Canada, 4.3 percent  - USA, 3.9 percent - Germany,3.7 percent  - Australia, 3.0 percent - Ukraine, 2.6 percent – Belarus, 2.4 percent  Italy, 24.1percent - other countries.

On January-February 2019 non-oil products in amount of 281.6 million US dollars have been exported and that is more in actual prices for 16.5 percent and real terms for 10.3 percent relatively to January- February 2018. The share of goods sent to Russia (29.1%), Turkey (22.6%), Georgia (13.1%), Switzerland (7.3%), Iran (3.0%), Greece (3.0%), Italy (2.8%), China (2.3%), Ukraine (2.2%), Germany (2.0%) and the USA (1.6%) was prevailed in export value on non-oil products.

On January- February 2019 compared to the same period of 2018 export of main types of products like fresh fruit increased by 27.2 percent, fresh vegetable – 1.6 times, tobacco – 19.0 percent, sugar – 15.5 percent, tea – 18.9 percent, fruit and vegetable cans – 16.8 percent, vegetable oils – 4.4 percent, natural grape wine and cellar – 8.5 percent, cotton yarn - 2.9 times, unprocessed aluminum – 7.6 percent, cotton fibre – 9.3 percent, bentonite clay – 30.6 percent, ferrous metal pipes – 2.4 times, while export of fruit and vegetable juice decreased by 19.5 percent, margarine, other mixtures fit for food – 35.5 percent, potato – 27.6 percent, polyethylene – 4.8 percent, ferrous metal pipes – 65.8 percent.  

On January-February 2019 compared to January-February 2018 import of wheat increased by 16.1%, raw sugar and sugar – 3.3 times, vegetable oils –13.9%, cigarette – 24.4%, potato – 38.6%, butter, other milk fats and pastas – 5.4%, poultry meat and its additional products – 2.1 times, beef – 8.9%, motor cars – 2.5 times, steel rolling – 1.3%, mineral fertilizers – 1.7 times, computing machinery, blocks and installations – 49.1%, ferrous metal rods – 0.9%, furniture – 35.3%, polyethylene – 23.8%, trucks – 2.2 times, ferrous metal corners – 34.5%, domestic air conditioners – 2.0 times, busses – 3.4 times, while import of fresh vegetable decreased by 6.4%, tea – 19.6%, fresh vegetable – 5.6%, ferrous metal pipes – 24.7%, rubber tyres – 14.1%, washing machine – 21.7%, cement and cement clinker – 47.2%, domestic refrigerator – 26.4%.

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