Foreign exchange earnings from cotton export observed growth in Azerbaijan 

16:11 - 24.05.2024


May 24, Fineko/abc.az. In the first quarter of 2024, Azerbaijan exported 37,490 tons of cotton abroad for $56.48 million.

ABC.AZ reports that for Q1 of 2023, the country exported 16,940 tons of cotton fiber for $31.29 million abroad.

The main focus here is on Turkmenistan, a new client of Azerbaijan acquired last year. In the 1st quarter of 2024, the country purchased another 4,410 tons of cotton fiber from Azerbaijan. The cost of cotton fiber reached $8.544 million.
The remaining 30,080 tons for $43.43 million were exported to Türkiye, 2,040 tons for $3.15 million to Bangladesh, and 960 tons for  $1.34 million to Iran.