Azerbaijan posts 66% growth in cost of imported vehicles 

In January-May 2023, Azerbaijan imported 40,264 vehicles worth $611.968 million, respectively, up 40.4% and 65.6% from the previous year, Report informs, citing the State Customs Committee.

According to the Committee, the number of cars with a capacity of ten or more seats declined by 4.8 times to 61 ($4.117 million), and the number of passenger cars and other motor vehicles increased by 41.6% to 37,394 ($ 549.138 million).

Of these, 5,884 ($125.575 million) are hybrid vehicles, and 812 ($34.383 million) are electric cars, respectively, up 15.8% and 6.2-fold from the previous year.

Meanwhile, import of the vehicles for cargo transportation rose by 42.2% to 2,633 ($39.490 million), and special cars surged by 35.4% to 176 ($19.223 million).