"Despite the low average price of the oil, the Asian Development Bank (ADB) has forecasted the growth of Azerbaijan's exports in 2023 at the level of 0.2%," it was stated on the review of “Asian Development Outlook 2023", APA-Economis reports.
According to the bank's calculations, Azerbaijan's export will decrease by 2.9% in 2024.
The ADB has predicted that in 2023, the positive balance of Azerbaijan's foreign trade turnover will increase by 6.4%, and it will decrease by 5.6% in 2024.