BAKU

Azerbaijan’s non-oil exports of goods rose by 47.2 percent year-on-year to $2.7 billion in 2021, the country’s Economic Reforms and Communications Analyses Centre said.

The growth was due to a significant increase in exports of ferrous metals and products, chemical products, sugar and sugar products, cotton fibre, aluminium and aluminium products – by 66.2 percent.

According to the Centre, the country’s total export amounted to $22.2 billion last year. Non-oil export’s share in total amount was 12.2 percent.

In 2020, Azerbaijan’s non-oil exports declined 5.2 percent year-on-year to $1.9 billion due to the COVID-19 pandemic.

The Economy Ministry forecasts the non-oil sector to rise to $5 billion by 2026.