Export revenue of Azerbaijan’s Azercosmos down by 22%

In January 2024, Azercosmos, under the Ministry of Digital Development and Transport of Azerbaijan, exported services worth $1.4 million to 42 countries, Report informs, citing the Export Review of the Center for Analysis of Economic Reforms and Communication.

Compared to the same period last year, this is 42.2% less than a year earlier.

In the reporting period, the top five countries to which Azercosmos sold the most services include the UK ($367,300), Luxembourg ($335,300), the UAE ($74,200), Germany ($71,000), and Pakistan ($69,500).

The space agency’s service export revenue accounted for 75% of total revenues.