Azerbaijan's car imports decline by 89.3% y/y to 437 in January

By bne IntelliNews February 18, 2016

Imports of cars and vehicles declined by 89.3% y/y to 437 units in Azerbaijan in January, according to the State Customs Committee (SCC).

Azerbaijan used to import a large number of second-hand vehicles, which peaked at 104,000 in 2013, from Europe via Georgia. However, the enforcement of the Euro-4 emission standards in April 2014 and the subdued consumer confidence have led to a steep decline in the number of car purchases. The Azerbaijani manat lost 50% of its value in 2014, resulting in lower purchasing power in dollar terms.

In 2015, Azerbaijan imported a total of 26,785 vehicles, the majority of which were cars - 23,765, followed by lorries - 1,961, buses - 816 and special-purpose vehicles - 243. Total imports of vehicles and spare parts amounted to $1.12bn in 2015, a 45% y/y increase.

Azerbaijan is Georgia's leading market for used cars, accounting for 55% of its neighbour's automotive sales, and the decline in Azerbaijan's imports affected Georgia's car exports, which dropped by 66% to $122mn in January-August 2015.

Over 1.2mn vehicles are registered in Azerbaijan, a country with a population of 9.5mn and poor road infrastructure outside the capital city. By 2025, the number of vehicles is expected to exceed 3mn. 

Related Articles

Azerbaijan's president fires tax minister with no explanation

Azerbaijani President Ilham Aliyev dismissed the country's long-serving tax minister, Fazil Mammadov, on December 5. The president's office did not give an explanation for the decision. Mammadov was ... more

Agreements with Armenia highlight of uneventful EU Eastern Partnership summit

The EU and Armenia signed a comprehensive and advanced partnership agreement and a common aviation area agreement at the Eastern Partnership summit on November 24, according to an ... more

Azerbaijani parliament, president move to ban almost all lawyers from practice

Azerbaijani President Ilham Aliyev on November 7 approved amendments to the civil code voted in by parliament a week earlier that will effectively decimate the legal profession, APA news ... more