Export earnings of Azerbaijan’s Azercosmos down 43%

In January-November this year, Azercosmos, under the Ministry of Digital Development and Transport of Azerbaijan, exported services worth $24 million to 41 countries, 43.3% less than in the same period last year.

In November alone, Azercosmos exported services (satellite telecommunications and optical satellite) to 34 countries for $2.3 million.

Compared to the same period last year, this is three countries more and 30.3% less than a year earlier.

In 11 months, Azercosmos sold the most services to the UK ($6 million), France ($5.3 million), Luxembourg ($4 million), UAE ($2.1 million), and Pakistan ($1.3 million).

The space agency’s service export revenue accounted for 82% of total revenue.