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In January-February 2024 average monthly nominal salary in the country made 946,8 manats.In January-March 2024, investments at 3809,2 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

14.02.2024, 12:00

In 2023 legal and natural entities of the Republic of Azerbaijan realized trade operations with their partners in 193 countries of the world, goods were exported to 121 countries and imported from 184 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 2023 made 44868,5 million USD. 27583,2 million USD or 61,5% of trade turnover made the export value, 17285,3 million USD (38,5%) – import value and consequently positive trade balance reached to 10297,9 million USD. In comparison with 2022, foreign trade turnover decreased in actual prices by 20.2%, while in real terms it decreased by 5.6%. Import in real terms increased by 1.9%, while export decreased by 8.2%.

In 2023 the export of non-oil gas products, compared to the previous year, increased by 9,8% in actual prices and 3,9% in real terms and made 3348,0 million USD.

According to the State Customs Committee data, 30,6% of foreign trade turnover of the country was per the share of trade operations with Italy, 14,9% – Türkiye, 8,5% – Russia, 6,1% – China, 3,6% – Germany, per 2,8% - Israel and India, 2,7% - Greece, 1,8% - USA, per 1,7% - Spain and Georgia, per 1,5% – United Kingdom, Turkmenistan and Czech Republic, 1,3% - Romania, 1,2% – Croatia, per 1,0% - France, Bulgaria and Iran, per 0,9% - Vietnam and Japan, 11,0% – other countries.

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