According to the figures using ACAP, Europe continues to be the leading marketplace in the export of vehicles made in Portugal representing ninety-three .1% of the whole.
Germany accounted for 20.Eight% of exports, followed through Italy (15.3%), France (13%), the United Kingdom and Spain (both with 11%).
The increase of the welfare of Azerbaijani human beings and the development of the non-oil zone caused a pointy boom in imports of cars, vans, and buses into us of a.
The car import increase that started in Azerbaijan ultimate 12 months continued this 12 months too, regardless of a substantial increase in excise taxes imposed on the imported motors.
Thus, in January 2019, 2,512 motors had been imported into u . S. A ., that is 1,526 gadgets, or 2.5 instances greater than in January 2018, in line with the State Customs Committee of Azerbaijan.
From January 1, 2019, with the corresponding amendments to the Tax Code of Azerbaijan excise taxes at the import of vehicles had been raised, relying on the engine length.
Thus, the excise tax on the import of motors with an engine capacity up to two,000 cubic centimeters is zero.3 manats for every cubic centimeter, against previous zero.2 manats.
For vehicles with a large engine capacity, new excise taxes come as follows: up to 3000 cubic centimeters – six hundred manats (previously 400 manats) plus 5 manats (formerly three manats) for each cubic centimeter of engine (from 2001 to 3000) cubic centimeters of engine length and so forth. That is, on common, excise prices imposed on imported vehicles increased by 50 percentage.
But no matter this, a noticeable increase in the profits of a positive a part of the populace allowed to boom imports of passenger vehicles into the united states in January this yr using 1,359 gadgets, or 2.Five instances, therefore reaching the amount of two,267 units.
Also, the energetic development of the national economy and the hole of large factories inside the non-oil region led to an upward push in truck demand. In January of this 12 months, 215 vehicles were provided to Azerbaijan, which is three instances more than in the identical length of the final 12 months.
Improvement of the overall monetary performance of us of an also allowed beginning to actively update the bus fleet. In January alone, 18 buses have been imported, that is 4.5 instances more than inside the equal length of 2018.
And it isn’t always surprising that, in opposition to this heritage, the expenses of entrepreneurs on the import of vehicles and spare parts for them have particularly risen.
According to the effects of 2018, 28,876 vehicles have been imported from abroad. For imports of motors and spare elements $641.7 million have been spent in 2018, that is $219.6 million, or 52 percent greater as compared to 2017.
Over the beyond years, the minimum import of passenger motors become determined in 2016 – four,991 gadgets. The maximum extent of imports of cars fell in 2013.
Despite the excessive rate of vehicle imports, Azerbaijan still takes steps to establish a vehicle assembly to save you forex outflows and meet the desires of the population and entrepreneurs in motors via organizing nearby vegetation.
Cars, trailers, and semi-trailers had been produced in the country worth 106.6 million manats in line with the outcomes of 2018, that’s 31 times more compared to 2017, in keeping with the State Statistics Committee.
As many as 969 motors were produced in 2018, that’s 32. Four instances are extra than in 2017.
Such a pointy growth within the production of motors in the united states of America was carried out with the aid of a joint Azerbaijani-Iranian Khazar plant in the Neftchala industrial park.
By the manner, beginning from the cutting-edge 12 months, Khazar cars are anticipated to be exported, to start with to the Russian market.
Also, the Nakhchivan facility opened in 2010 assembles eight models of Lifan passenger vehicles designed by China’s Lifan Group, which presents all of the vital spare parts for motors to the plant so they may be assembled in Azerbaijan below the direct supervision of the Chinese car experts.