Azerbaijan: Wheat Import Grows 95% While Barley Declines
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In January-March of this year, Azerbaijan imported 356 thousand 147 tons of Wheat worth USD 108 million 758 thousand, according to the State Customs Committee. This indicator is 94.8% more or 173 thousand 283 tons more in terms of volume, and 74.3% or USD 46 million 397 thousand more in terms of amount compared with the same period of the previous year.
During January-March of this year, 833.7 tons of Barley worth USD 353.3 thousand were imported to Azerbaijan. According to MyAgro.az’s calculations based on the report of the State Customs Committee, it is 85.2% less in terms of value and 92.6% less in terms of volume compared to the same period last year.
The mentioned product was not imported to the country in March compared to February. The last time 693.7 tons of Barley worth USD 302 thousand was imported into the country was in February. Since the beginning of the year, the share of Barley imports in the country’s total import was 0.01%, 0.08 percentage points less than last year’s indicator.
In 2021, the total Wheat cultivation area in the country was 572 thousand 309 hectares, which decreased by 16 thousand 106 hectares or 2.7% compared to 2020, and by 97 thousand 711 hectares or 14.6% compared to 2019. “APA-Economics” reports with reference to the Chamber of Accounts that although the amount of Wheat produced in 2021 amounted to 1,885 thousand tons and increased by 18 thousand tons or 1% compared to 2020, compared to 2019, it was 286 thousand tons or decreased by 13.2%.
It should be noted that during this period, a part of domestic demand was provided at the expense of reserves, and the balance of the Wheat statistical balance decreased by 62.3% to 325.7 thousand tons as of 01.01.2022 (as well as the balance of all types of flour decreased by 23.3%).
Grain Trade in Azerbaijan
In 2021, Azerbaijan imported Wheat worth $354 million, becoming the world’s 44th largest importer of Wheat. In the same year, Wheat was the 2nd most imported product in Azerbaijan. Azerbaijan imports Wheat primarily from: Russia ($339 million), Kazakhstan ($13.5 million), Turkey ($672k), and Austria ($219k),
The fastest-growing import markets in Wheat for Azerbaijan between 2020 and 2021 were Russia ($55.2 million), Kazakhstan ($9.35 million), and Turkey ($493k). Kazakhstan’s exports to Azerbaijan increased by 30.4% in 2022, amounting to $375.3 million. The primary export commodities are Wheat – $95.9 million (with a share of 25.6%), and oil products, $84.5 million (22.5%).
In 2021, Azerbaijan imported Corn worth $11.6 million, becoming the 111th most significant importer of Corn in the world. During the period, Corn was the 230th most imported product in Azerbaijan. Azerbaijan imports Corn primarily from: Russia ($6 million), Turkey ($2.27 million), Serbia ($1.04 million), Austria ($879k), and Argentina ($319k).
The same year, Azerbaijan exported Corn worth $2.63 million, making it the world’s 74th largest exporter of Corn. The same year, Corn was the 86th most shipped product in Azerbaijan. The leading destination of Corn exports from Azerbaijan are: Iraq ($1.34 million), Iran ($1.13 million), and Turkey ($158k).
Regarding Soybean-related derivates, Azerbaijan imported Soybean worth $2.55 million in 2021, becoming the world’s 124th most significant importer of Soybean Oil. In the same year, Soybean Oil was the 459th most imported product in Azerbaijan. Azerbaijan imports Soybean Oil primarily from: Russia ($2.1 million) and Turkey ($359k).
Azerbaijan is not a member of the WTO but has initiated the accession process. Azerbaijan adopted a new set of tariffs in 2018, simplifying the regime to include only three rates: 0%, 5%, or 15%, depending on the import. Finished products and agricultural produce are all typically charged a 15% tariff.
Other sources: AZER NEWS
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