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World Trade Expo Azerbaijan 2022
( China Created Fair )

Trade transit port—Azerbaijan

According to Azerbaijan Customs statistics, Azerbaijan’s imports amounted to US$7.905 billion in 2018, an increase of 27.95% year-on-year. China is Azerbaijan’s fifth largest trading partner and the third largest source of imports. Gross domestic product: 79.973 billion manat (about 46.9 billion US dollars), per capita GDP: 8126.2 manat (about 4780.1 US dollars).
In 1818, 118,000 new jobs were created. The average monthly salary of workers nationwide is 544.1 manat (about $320). As of 2019, the population of Azerbaijan has grown year by year, reaching 103.127 million. In the first half of 2019 alone, the population was more than 122,000. The population growth and rejuvenation have injected more vitality into the local market!
Azerbaijan’s machine manufacturing and light industries are relatively backward. Most consumer goods are imported. In recent years, the government has strengthened macroeconomic regulation and control, while focusing on the development of the petroleum industry, while emphasizing the development of various economies, actively introducing foreign capital, promoting the development of small and medium-sized enterprises, and the macroeconomic situation tends to improve.
Azerbaijan, located at the junction of Eurasia, has a stable political situation and relies on energy for its economic development. The Afghan government pays attention to economic restructuring and emphasizes the development of the non-oil and gas economy in the economy. Azerbaijan is an important partner country along the “Belt and Road”. The “Belt and Road Initiative” will promote China-Arab cooperation in transportation facilities, trade, agriculture and tourism, and help China expand its influence and expand strategic security space in Central Asia. Azerbaijan’s market, business environment, backward infrastructure in non-oil and gas fields, and the security situation in the Transcaucasian region and the game of big countries in the region will all become challenges for China-Arab cooperation in the future.