BAKU, Azerbaijan, June 19. The value of Azerbaijan's pharmaceutical exports amounted to $2 million from January through May 2024, Trend reports.
Data from the State Customs Committee of Azerbaijan showed that this is 83.01 percent less than in the same period last year.
Azerbaijan imported 10,667 tons of pharmaceutical products (22.47 percent reduction) worth $217 million (a 24.82 percent decline) in the reporting period of 2024.
Meanwhile, imports of pharmaceutical products accounted for 2.97 percent of Azerbaijan's total imports, while exports accounted for 0.02 percent of total exports.
To note, the value of Azerbaijan's pharmaceutical exports amounted to $560.8 million in 2023, which is 14.1 times lower year on year.
Additionally, last year, Azerbaijan spent a pretty penny of $14.7 million on pharmaceutical products, which saw a rise of 6.4 percent.