Azerbaijan increased imports of margarine from Kazakhstan

Published 2023년 4월 6일

Tridge summary

Azerbaijan has experienced a significant increase in imports from Kazakhstan in 2023, with margarine, wheat, oil products, and confectionery seeing the highest demand. During a trade mission in Baku, Kazakh Vice Minister Kairat Torebaev announced that over 20 Kazakh companies had signed export contracts worth $55 million, including food supplies. The trade turnover between the two countries in 2022 reached $461.9 million, marking a 39% increase from the previous year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In this year Azerbaijan has increased imports of margarine and other products from Kazakhstan. This was stated by Vice Minister of Trade and Integration of the Republic of Kazakhstan Kairat Torebaev during a trade and economic mission held on April 4-6 this year. in the city of Baku. “This year we see a significant demand for wheat, which has increased by 26%, oil products - by 3.5 times, margarine - by 4 times and confectionery - by 87%," the vice minister said. The event was attended by more than 20 Kazakh companies that are interested in exporting their products to Azerbaijan, incl. agricultural products. According to QazTrade, as a result of the meetings, Kazakh companies signed export contracts worth $55 million, incl. for the supply of food. “Kazakh entrepreneurs are interested in the Azerbaijani market. But the potential of our mutual trade is not even half used. And this despite the fact that there is a demand for Kazakh goods in the Azerbaijani market and Azerbaijani ...
Source: Oilworld

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