A 3-fold decrease in the volume of trade between the Republic of Azerbaijan and Ukraine

According to the international group Tasnim news agency, before the Russian attack on Ukraine Ukraine was one of the largest trade partners of the Republic of Azerbaijan. The volume of trade between Azerbaijan and Ukraine in 2021, the year before the war, was 922 million dollars. According to this index, Ukraine was the seventh country with the largest volume of trade transactions with Azerbaijan.

After the start of the war in 2022, the volume of trade between Azerbaijan and Ukraine decreased to 618 million dollars. From the figures announced by the Customs Committee of the Republic of Azerbaijan regarding the results of last year, it is clear that in 2023, the volume of trade has continued to decrease and the volume of trade has decreased to 354 million dollars. In other words, the volume of trade between the two countries has decreased by 2.6 times compared to the pre-war period.

The analysis of the published figures shows that the war caused more damage to the exports of the Republic of Azerbaijan to Ukraine. Is. In this way, Azerbaijan’s income from exports to Ukraine has decreased from 452 million dollars to 118 million dollars last year compared to the year before the war. That is, it decreased by 3.8 times. In the same period, Ukraine’s exports to Azerbaijan decreased twice from 470 million dollars to 235 million dollars.

Ukraine to the What does Azerbaijan sell?

Last year, the most expensive import of Azerbaijan from Ukraine was beef. In 2023, beef worth 14 million dollars was brought from Ukraine. Interestingly, despite the fact that turnover between Ukraine and Azerbaijan has decreased in the last two years, meat imports have more than doubled. Before the war, Azerbaijan used to buy beef worth 6.4 million dollars from Ukraine.

The second most expensive product for Azerbaijan to import from Ukraine is folding boxes and paper boxes and It is cardboard. Last year, 11.8 million dollars were spent on the purchase of such products from Ukraine. This figure exceeded 23 million dollars before the war. Other top imported products from Ukraine are pharmaceutical products. In 2023, Azerbaijan has purchased medicine worth 11.6 million dollars from Ukraine.

Compared to before the war, tobacco is one of the products whose import has decreased the most. After all, Ukraine was usually the main supplier of tobacco to the Republic of Azerbaijan. Now the situation has changed. In 2021, the first place of Ukraine’s imports to Azerbaijan was occupied by tobacco. At that time, 65 million dollars worth of tobacco was brought to Azerbaijan from Ukraine. This index decreased almost 6 times last year and reached 11 million dollars.

Since the beginning of the war between Russia and Ukraine, problems related to tobacco exports in Ukraine, cigarette manufacturers in the Republic of Azerbaijan has put it in a bad situation. At that time, considering that some brands of cigarettes could not be found in stores, the company, which produces tobacco, announced in a statement to the media that this was due to transportation problems caused by the war.

In the next period, due to the problems experienced in connection with the supply in Ukraine, Azerbaijan increased the import of tobacco from other countries, especially Turkey.

Besides tobacco, products such as Rolling steel ($18 million), soy products ($14 million), chicken products ($12 million), butter ($8 million) are among the products whose imports have decreased the most compared to the period before the war.

Exports of the Republic of Azerbaijan to Ukraine

Azerbaijan’s exports to Ukraine, like other countries, are dominated by products related to the oil and gas industry. Diesel fuel accounted for 28.6 million dollars, 24% of the export of 118.6 million dollars last year. It is interesting that in the period before the war, the export of diesel fuel from Azerbaijan to Ukraine was less and was only 6 million dollars.

The second place in Azerbaijan’s export to Ukraine is mineral nitrogen fertilizers or It is chemical. Last year, Azerbaijan earned 15.5 million dollars from the sale of this product to Ukraine. Dates ($11 million) and oil ($10 million) are among the products whose export value exceeds $10 million.

Before the war, in 2021, the first place It was occupied by polyethylene in Azerbaijan’s exports to Ukraine. At that time, Azerbaijan received 11 million dollars from the export of this product to Ukraine.

Last year, the export value of this product decreased to only 3.5 million dollars. Azerbaijan’s oil bitumen exports to Ukraine decreased by $5 million and kerosene fuel for jet engines decreased by $4.8 million. Although these products used to be the first in Azerbaijan’s exports to Ukraine, now the volume of exports has decreased.

Transfer Money also decreased

The war that started with Russia’s attack on Ukraine, the volume of remittances sent from Ukraine to the Republic of Azerbaijan, as well as the trade between Azerbaijan and Ukraine greatly reduced The main reason for this is that many Azerbaijanis living in Ukraine left this country because of the war.

Before the start of the war, in 2021 (during the first 9 months) 30 million dollars He entered Azerbaijan from Ukraine. In the first 9 months of 2022, this figure has decreased five times and reached 6 million dollars. According to the statistics published by the Central Bank of the Republic of Azerbaijan in the first 9 months of last year, it seems that the volume of remittances from Ukraine has even decreased below 2 million dollars.

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