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Export revenues of Azercosmos exceed $16 mln

30 November 2023 20:43 (UTC +04:00)

In January-October 2023, the Space Agency of the Republic of Azerbaijan (Azercosmos) exported satellite telecommunication services worth 16.1 million US dollars to 46 countries of the world, was noted at the "Export Review" presented by the Center for Analysis of Economic Reforms and Communication (CAERC), APA-Economics reports.

Note that Azercosmos' revenue from service export made up 78 percent of its total income. In October 2023, Azercosmos exported services worth 1.7 million US dollars to 42 countries of the world.

In the top five of satellite telecommunication services exports during January-October 2023, the United Kingdom with 4.7 million US dollars, Luxembourg with 3.4 million US dollars, the UAE with 1.4 million US dollars, Germany with 872.9 thousand US dollars and Nigeria with 622 thousand US dollars.