Value of Azerbaijan’s cocoa imports increases by 21%

Azerbaijan imported cocoa and related products valued at $72.166 million during the first seven months of 2024, marking a 21% growth year-on-year, Report informs, referring to the country’s State Customs Committee.

Over the course of seven months, Azerbaijan also exported cocoa and related products worth $5.242 million, representing a 2.9% increase compared to the same period of the previous year.

In January-July 2024, cocoa imports accounted for 0.67% of Azerbaijan’s total imports, while cocoa exports made up 0.03% of the total exports.

Overall, Azerbaijan conducted trade transactions with foreign countries worth just over $26.892 billion in the initial seven months of 2024. Of that, $16.099 billion accounted for exports and just over $10.793 billion fell to imports. Over the past year, exports decreased by 22.5%, while imports increased by 12.9%.