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Azerbaijan reveals its top private non-oil exporters

Economy Materials 4 December 2023 15:44 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, December 4. The Center for Analysis of Economic Reforms and Communications of Azerbaijan has revealed the leading exporter of non-oil products among the private companies countrywide from January through October 2023, Trend reports.

Elvin Shirinov (individual entrepreneur) became the largest exporter, with non-oil commodities worth $98.4 million from January through October 2023, up 2.91 times or $64.7 million year on year.

From January through October 2023, Azerbaijan's ten private enterprises in the non-oil sector exported $456.1 million, an increase of 28.55 percent or $101.3 million more than the previous year ($354.7 million).

Top 10 largest Azerbaijani companies-exporters of non-oil products:

Company

Volume of exports from January through October 2023

Volume of exports from January through October 2022

Elvin Shirinov (Individual entrepreneur)

$98.4 million

$33.7 million

MKT Istehsalat Kommersiya LLC

$75.2 million

$100.9 million

Baku Steel Company LLC

$58.7 million

$36.3 million

Azerbaijan International Mining Company LLC

$53.2 million

$84,2 million

Best Logistik LLC

$37.4 million

$6 million

STP Global Cable LLC

$31.1 million

$4.7 million

My Fruit LLC

$30.1 million

$49,000

P-Agro LLC

$28.7 million

$29.1 million

Mors Trading LLC

$22.6 million

$31.8 million

Azerbaijan Sugar Production Association LLC

$20.7 million

$27.6 million

In 2022, MKT Istehsalat Kommersiya LLC was Azerbaijan's largest non-oil exporter among private firms.

Last year, the company's exports were $100.9 million, a decline of 8.56 percent, or $10.6 million, from the previous year.

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