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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

12.02.2020, 12:00

On 2019 legal and natural entities of the Republic of Azerbaijan realized trade operations with their partners in 195 countries of the world, goods were exported to 125 countries and imported from 185 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 2019 made 33138,5 million USD, including export value – 19471,3 million USD, import value – 13667,2 million USD and consequently positive trade balance reached to 5804,1 million USD. In comparison with 2018 foreign trade turnover increased in actual price by 4,3 percent, in real terms decreased by 3,7 percent, including import – 6,5 percent, export – 2,0 percent. During this period non-oil products value- 1954,4 million USD were exported from the country, in actual terms 13,9 percent, in real terms 7,8 percent more compared to the 2018.

According to the State Customs Committee data, 28,7 percent of export value was formed based on goods exported to Italy, 14,6 percent - Turkey, 6,8 percent – Israel, 4,9 percent – India, 4,7 percent - Germany, 3,8 percent – China, 3,7 percent – Russia, 3,6 percent - Spain, 3,3 percent Czech Republic, 3,0 percent – Georgia, 2,7 percent – France, 2,4 percent UK, 2,2 percent – Croatia, 1,8 percent – Tailand and Portugal, 1,7 percent - Ukraine and the rest 10,3 percent - other countries.

The share of goods sent to Russia (35,3%), Turkey (20,6%), Switzerland (9,2%), Georgia (8,1%), Ukraine (2,6%), Italy (2,2%), China (1,9%), Greece (1,8%), Uzbekistan (1,4%) and Iran (1,4%) was prevailed in export value on non-oil products.

16,8 percent of total value of goods imported to our country was per the share of Russia, 12,0 percent – Turkey, 10,5 percent - China, 9,0 percent - Switzerland, 5,6 percent - USA, 5,2 percent Germany, 3,4 percent – Ukraine, 3,3 percent – Iran, 2,9 percent – Canada, 2,7 percent – Italy, 2,2 percent – Australia, 1,8 percent - France, 1,7 percent UK, 1,6 percent - Japan, 21,3 percent - other countries.

On 2019 compared to 2018 export of main types of products like fresh fruit increased by 5,4 percent, sugar – 40,8 percent, tobacco – 1,6 times, fruit and vegetable juice – 31,8 percent, tea - 10,2 percent, fruit and vegetable cans – 3,6 percent, margarine, other mixtures fit for food – 21,3 percent, cotton fibre – 16 times, unprocessed aluminum – 32,9 percent, polyethylene – 8,8 percent, cotton yarn – 34,9 percent, bentonite clay – 19,1 percent, while fresh vegetable decreased by 5,2 percent, potato - 7,2 percent, vegetable oils – 24,2 percent, natural grape wine and cellar – 19,1 percent, semi-finished ferrous metals – 37,6 percent, ferrous metal pipes – 82,5 percent.

On 2019 compared to 2018 import of wheat decreased by 46,6%, raw sugar and sugar – 45,1%, fresh fruit – 3,5%, vegetable oils – 8,9%, butter other milk fats and pastas – 15,8%, tea – 8,8%, potato – 27,6%, poultry meat and its additional products – 10,6%, beef – 5,8%, fresh vegetable – 17,9%, motor cars – 1,7 times, steel rolling – 29,7%, mineral fertilizers – 17,0 times, computing machinery, blocks and installations – 16,8%, rubber tyres – 17,9%, busses – 1,8 times, furniture – 4,2%, domestic trucks – 1,6 times, polyethylene – 20,9%, air conditioners – 54,2%, washing machines – 6,6%, ferrous metal corners – 19,0%, ferrous metal pipes – 12,2%, cement and cement clinker – 5,2%, domestic refrigerator – 9,6%.

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