Azerbaijan sees almost 59% surge in revenues from sugar exports

In 2024, Azerbaijan exported sugar and related confectionery products, valued at $39.614 million, marking a 58.9% increase year-on-year, Report informs, referring to the country’s State Customs Committee.

Furthermore, Azerbaijan imported these products worth $237.361 million last year, which is 0.8% less compared to 2023.

Sugar and related confectionery products accounted for 1.1% of Azerbaijan's total imports and 0.15% of total exports.

Overall, Azerbaijan conducted trade transactions with other countries worth over $47.612 billion in 2024, which is 7% less than the previous year. Of that, more than $26.554 billion accounted for exports and $21.058 billion fell to imports. Over the past year, exports decreased by 21.7 percent, while imports grew by 21.8 percent.

Consequently, there was a surplus of more than $5.496 billion in Azerbaijan’s foreign trade turnover for 2024, representing a 3-fold drop compared to 2023.