Azerbaijan significantly reduces spending on car parts imports

In January-November 2024, Azerbaijan imported vehicles and their spare parts worth $2.205 billion, $410.5 million or 15.7% less year-on-year, Report informs, citing the country's State Customs Committee.

During the 11 months, the cost of importing automobiles and their parts constituted 11.75% of Azerbaijan's total import expenses.

During the reporting period, Azerbaijan conducted trade operations worth $43.109 billion with other countries. Of the trade turnover, $24.337 billion accounted for exports, while $18.771 billion accounted for imports.