Azerbaijan starts importing gold from Romania, Zimbabwe

  15 May 2025    Read: 431
  Azerbaijan starts importing gold from Romania, Zimbabwe

In the first quarter of 2025, Azerbaijan imported 18,942 kilograms of gold (gold, other semi-finished forms of bars, wires and profiles, plates, sheets, strips or ribbons with a thickness of more than 0.15 mm, regardless of any backing) from 18 countries worth $1.7 billion.

According to the State Statistical Committee of Azerbaijan, last year, the same kind of gold was imported into the country only in April.

During the mentioned period, Azerbaijan purchased 4,416 kilograms of gold worth $403.3 million from Russia, 3,354 kilograms worth $290.1 ​​million from Australia, 2,189 kilograms worth $198.3 million from the United Kingdom, 2,000 kilograms worth $174.7 million from Mexico, and 1,375 kilograms worth $129.8 million from Canada.

This year, for the first time in the last 14 years (note: the official statistics on foreign trade in public use are as of 2011), supplies were made from Romania (13.1 kilograms worth $1.2 million) and Zimbabwe (12.2 kilograms worth $1.1 million).

While in 2020-2023, a total of 1,724 kilograms of the same gold worth $98.3 million were imported to Azerbaijan, in 2024 41,078 kilograms of the same product worth $3.313 billion were imported.

In the first quarter, Azerbaijan sold gold only to Switzerland. Some 1,014 kilograms of gold worth $65.2 million were supplied to this country, which is 3.5 times and 83% more than the indicator a year ago, respectively.

 

AzVision.az


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