In this article, we will talk about Azerbaijan top export Products with their complete detail of worth and percentage. Azerbaijan, officially the Republic of Azerbaijani, is a country in Eastern Transcaucasia. It is a developed industrial and agricultural country, located along the southern flanks of the Caucasus Mountains. Like other countries, Azerbaijan caters to most foreign investors’ needs. Two traditional industries, petroleum, and natural gas have grown substantially, but engineering, light industry, and food production are also of increasing importance.
Azerbaijan has an economic freedom score of 61.6, making its economy the 75th freest in the 2022 index. Among the 45 nations in the Europe area, Azerbaijan is rated 37th, and its total score is higher than the global average but lower than the average for the region. In 2021, Azerbaijan exported items worth $22.2 billion around the world. That sum of money represents a rise of 45.1% from $15.3 billion in 2017. In comparison to $13.7 billion in 2020, the whole value of Azerbaijani exports increased by 61.6% in 2021. Let’s take review Azerbaijan Top Export Products in complete detail.
List of Azerbaijan Top Export Products:
A list of Azerbaijan top export Products as follows represent the highest dollar value of Azerbaijan’s global shipments.
Mineral Fuels and Oil:
Mineral fuels and oil are one of Azerbaijan top exports due to the country’s large Production. This particular product category made up 8.4% of the total exports of Azerbaijan overall exports, which was $19.6 billion USD.
Plastics and plastic articles:
Azerbaijan exports all its plastics and plastic products to various countries. Plastic is used in every sector from packages to machinery and is one of Azerbaijan’s most important exports. This particular product category made up 2% of the total exports of the country, whose worth is $442.2 million USD.
Fruits, Vegetables, and Nuts:
Azerbaijan is one of the best producers of high-quality agricultural products which are exported across the world, as the country is blessed with fertile soil and a favorable climate for the production of agricultural products. The country produces a large number of vegetables, fruits, cotton, maize, tea, and nuts. The overall export percentage of fruits and nuts is 1.8% and is valued at $410.1 million. The overall export percentage of vegetables is 1% and is valued at $220.2 million.
Cotton is one of the top export products of the country. Cotton is exported from Azerbaijan to different countries of the world. Cotton accounted for 1.2% percent of the total export and is valued at $273 million
Gems and precious Metals:
Gems and precious Metals are now a significant part of the country’s export revenues. Azerbaijan top exports are gold, silver, platinum, palladium, pearls, precious stones, metals, coins, etc., which are valued at $205.6 million USD million and exports account for 0.9% of the country’s total exports.
Fertilizer is one of Azerbaijan top export products, according to the country’s export data to other countries. Fertilizers account for 0.5% of the total export and are valued at $121.3 million.
Among the major export categories, organic chemicals are Azerbaijan top export products. Azerbaijan exports a variety of organic chemicals, which are used in cosmetic, pharmaceutical, biochemical, bioengineering, and others. The overall export percentage of 0.4% and the value of these products is $99.8 million.
Iron, Steel, and Aluminum:
Ferroaluminum is one of the country’s top exports as the country export annually exports a large quantity of iron, steel, and aluminum. The overall export percentage of iron and steel is 0.4% and is valued at $88.8 million. The overall export percentage of Aluminum is 0.8% and is valued at $188.5 million.
Major Export Companies of Azerbaijan:
- Akkord Industry Construction Investment Corp
- Azal Avia Cargo
- Bahra Biscuit Factory
- Ganja Auto Plant
- Gazelli Group
- Inter Glass
- Shollar water