Last year, the share of the non-oil sector in exports decreased
State customs Committee (DGK) announced trade indicators for the end of 2022. It appears from the official figures that energy prices rise in price sharply increased the trade turnover of the country. Last year Azerbaijan foreign trade turnover 52 billion 686 million dollars has been In 2021, this number will be 33 billion 912 million dollars was So last year Azerbaijan foreign trade turnover increased by 55 percent.
Azerbaijan 38 in 2022 billion 146 million dollars exported worth. This represents an increase of $16 billion compared to 2021. Come on, the “content” of exports has not changed last year either. Azerbaijan 35 billion dollars of the 38 billion dollar exports, in other words, 92.01 percent of oil and gas provided at the expense of exports. In 2021, the share of the energy sector in exports was about 5 percent lower – 87.78 percent. From this point of view, although the export of the non-oil sector increased in volume last year, its share in the total export decreased further. On the other hand, it turns out that 98 percent of the growth in Azerbaijan’s exports last year was oil-gas sector, hit-and-run, 2 percent is related to the non-oil sector.
Naturally gas incomes have increased more
One point in energy export is also noteworthy: a nearly three-fold increase in natural gas revenues was recorded. In 2021-2022, Azerbaijan’s oil export revenues increased from $13 billion to $19 billion. During the same period, the country’s income from natural gas exports increased from 5.5 billion dollars to about 15 billion dollars. Thus, the share of natural gas revenues in the export structure increased more. In 2021, oil revenues accounted for 59.5 percent of Azerbaijan’s exports, and 24.9 percent of natural gas exports. Last year, the share of oil revenues in exports decreased to 51.1 percent. the share of natural gas revenues increased to 39.3 percent.
To which countries was oil and gas sold the most?
in 2022 Azerbaijan Italy was the biggest buyer of oil. Last year, 34.2 percent of the 26 million tons of oil exported by Azerbaijan was sold to that country. Italy throughout the year To Azerbaijan paid 6 billion 641 million dollars for the purchase of oil. Azerbaijan Israel is the second largest buyer of oil. Israel’s share in Azerbaijan’s oil exports is 8.8 percent. India ranks third in oil exports. After the signing of the agreement on arms sales to Armenia, Azerbaijani officials made critical statements about India, but this did not affect the oil trade. India bought 7.8 percent of the oil exported by Azerbaijan last year. Spain, Croatia and the Czech Republic are also among the countries that receive more than 1 million tons of oil from Azerbaijan during the year. Germany and Portugal, which were among the top five countries receiving oil from Azerbaijan a year ago, last year, respectively, 8 and 10settled in places. As a whole, 26 different countries bought oil from Azerbaijan throughout the year.
The main share in natural gas export fell to Europe. In 2022, Azerbaijan exported a total of 22.3 billion cubic meters of natural gas. The recipient of 51 percent of this Europe countries. Turkey’s share in Azerbaijan’s gas exports was 37.7 percent. Georgia’s share in that export is 11.2 percent.
What are the most imported products?
Last year To Azerbaijan the value of imported products was 14 billion 540 million dollars. This represents an increase of approximately $3 billion compared to 2021. Another noteworthy point about imports is the increase in the share of the public sector in imports. Total imports in 2021 10If 16 percent was realized by the public sector, the share of this sector increased to 17.47 percent last year.
In 2022, machinery, mechanisms, electrical equipment and spare parts were the leader in the import of the country with a share of 19.89 percent. Azerbaijan paid 2 billion 892 million dollars for the import of such products. The second direction with the largest share in imports is food products (16.25 percent). Last year, the country spent 2 billion 363 million dollars on imported food products. This represents an increase of $430 million compared to 2021. Most of the food products are imported funds the crop used is wheat. Last year, 437 million dollars were paid for wheat imports alone. Most after wheat funds The expended food product is fats. in 2022 To Azerbaijan Oil worth 297 million dollars was imported. From abroad fruit– the import of vegetables cost the country 236 million dollars.
What countries are the most products imported from?
Last year, Azerbaijan imported the most products Russia has been In 2022, which is subject to severe sanctions and experiencing economic problems Russia He was able to sell products worth 2 billion 725 million dollars to Azerbaijan. This is about $700 million more than in 2021. Only Russia accounted for 18.81 percent of Azerbaijan’s imports. In this regard, Russia’s share in Azerbaijan’s imports has increased by one percent in the last year. Turkey’s share in Azerbaijan’s imports is 15.80 percent. With this indicator Turkey Azerbaijan is the second country that imports the most products. Last year, products worth 2 billion 297 million dollars were bought from Turkey. This represents an increase of nearly half a billion dollars compared to 2021. The third country where Azerbaijan imports the most products is China. During the year, Azerbaijan brought products worth 2 billion 86 million dollars from China. This is 14.35 percent of total imports. Compared to 2021, imports from China increased by about 400 million dollars. When the total is taken, about half of Azerbaijan’s imports are accounted for by the three listed countries. Imports from none of the other countries have not reached the threshold of 1 billion dollars.
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