Ten state-owned companies exported $758.4 million worth of non-oil products in the first eight months of this year, up $24.29 million, or 3.3%, from the same period last year.
According to the Center for Analysis of Economic Reforms and Communication, the largest share of non-oil exports in the period, 27.33%, came from SOCAR’s Marketing and Economic Operations Department. Its exports totaled $207.3 million, down 23.87% from the same period a year earlier.
State-owned gold miner AzerGold ranked second with $180.6 million in exports, up 22.03% year-on-year. SOCAR Polymer came third with $175.6 million, though that figure was down 7.82% from last year.
One of the sharpest increases came from Azerpambig, a cotton company, whose exports jumped 76.54% to $45.9 million. Azeraluminium’s exports rose 57.78% to $130.8 million.
SOCAR CAPE’s exports grew 50-fold and Azerbaijan Silk Company’s exports tripled, both companies having started from a very low base last year. Nakhchivan Enerji recorded its first-ever export figure this year, at $0.9 million.
Overall, Azerbaijan’s non-oil-and-gas exports rose 17.6% in the reporting period to reach $2.81 billion.
