Export earnings of Azerbaijan’s Azercosmos down by 26%

In January–October this year, Azercosmos, under the Ministry of Digital Development and Transport of Azerbaijan, exported services worth $16.1 million to 46 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 six countries more and $5.6 million, or 25.8%, less than a year earlier.

In October alone, Azercosmos exported services (satellite telecommunications and optical satellite) to 42 countries for $1.7 million, respectively, up 6 countries and down $0.7 million from the previous year.

In ten months, Azercosmos sold the most services to the UK ($4.7 million), Luxembourg ($3.4 million), the UAE ($1.4 million), Germany ($872,900), and Nigeria ($622,000).

The space agency’s service export revenue accounted for 78% of total revenues.