AZERBAIJAN INTERNATIONAL TRADE FAIR

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The Azerbaijan International Trade Fair will open grandly from September 17th to 19th ,2024. We expect to attract over 450 companies (including no less than 100 Chinese companies) and plan to attract professional buyers and visitors. More than 12000 people. Expand the market share of Chinese products in the local market and help Chinese companies better establish themselves in the Azerbaijan market!

The Republic of Azerbaijan is located in the east of the South Caucasus, at the junction of Eurasia, in the East Caspian Sea, in the south to Iran and Türkiye, in the north to Russia, and in the west to Georgia and Armenia.

 

Azerbaijan is located at the border of the Eurasian continent, with a stable political situation and a dependence on energy for economic development. The Afghan government attaches importance to Economic restructuring and emphasizes the development of non oil and natural gas economy in the economy. The government supports the development of non oil and gas economies. The modernization of domestic light and heavy industries is accelerating and increasing import and export trade. According to Azerbaijani customs statistics, the total foreign trade volume of Azerbaijan in the first half of 2019 was 16.795 billion US dollars. Among them, the value of imported goods was 7.016 billion US dollars, a year-on-year increase of 41.28%. A surplus of 2.963 billion US dollars. Because Azerbaijan’s machinery manufacturing and light industry are relatively backward. Most consumer goods based on imports, according to data released by the Azerbaijan Customs Commission on February 18th, compared to the same period in 2018, the trade volume between China and Argentina in January 2019 was 90.25 million US dollars, accounting for 3.92% of the total foreign trade. In 2022, the bilateral trade volume between Afghanistan and China was 2.16 billion US dollars, accounting for 4.1% of the total foreign trade volume of Afghanistan. Among them, Arab exports to China amounted to 72.76 million US dollars, accounting for 0.2% of the total Arab exports; Afghanistan imported 2.09 billion US dollars from China, accounting for 14.4% of the total imports from Afghanistan. In 2022, China will maintain its position as the fourth largest trading partner and third largest source of imports in Afghanistan.

 

Azerbaijan is one of the first countries to support the “the Belt and Road” initiative. It also participates in new opportunities in various industries. The “the Belt and Road” initiative is very important, not only for Azerbaijan’s development of non energy economy. New possibilities will also bring new opportunities for developing countries to develop their own economies and engage in commercial cooperation. China has become the fourth largest trading partner and the third largest source of imports.