Republic of Azerbaijan's Non-Oil Exports Increases over 16% in January-October

Azerbaijan Export and Investment Promotion Agency (AZPROMO) reported that in October of 2022, the country's non-oil export amounted to $269.15 million (10.5 percent growth), according to Azertac news agency.

Azerbaijan increased its non-oil exports by 47.2 percent in 2021 and amounted to $2.713.4 billion.

Earlier, Azerbaijan's Economy Minister Mikayil Jabbarov said that the production of goods in the country’s industrial zones increased by 41.5 percent and reached more than AZN2.1 billion ($1.2bln) in the first nine months of 2022.

Jabbarov noted that the export of those goods grew by 55.3 percent and equaled AZN846.1 million ($497.6mln).

Moreover, the minister added that the special share of industrial zones in the manufacturing of non-oil industrial products was 16.6 percent and 33.3 percent in export.

So far, the products worth over AZN8 billion ($4.7bln) have been manufactured in industrial zones, whilst the goods worth AZN2.6 billion ($1.5bln) have been exported, he added.

Azerbaijan has five industrial zones, with the primary goal of ensuring the long-term development of the non-oil sector, creating and expanding new production areas in the country through the use of innovative technologies, and expanding the export map of these products.

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