Azerbaijan's imports decline by 5 percent during COVID-19 - economy minister

  30 June 2020    Read: 685
  Azerbaijan

The decline of Azerbaijan’s imports during the COVID-19 pandemic amounted to about 5 percent, Minister of Economy Mikayil Jabbarov said. 

 

Jabbarov made the statement at a press conference on June 30, AzVision.az reports citing Trend. 

He added that the country is also observing the decline in its export operations.

“The falling oil prices on the world market have affected the export as well. The cost of our exporting products exceeds the cost of imports,” said Jabbarov.

The minister noted that it’s too early to talk about how the pandemic harms the economy, as the process of its evaluating is continuing.


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