Assessing the impact of the coronavirus pandemic on agricultural export
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Ramil Huseyn Zahid, Doctor of Economics |
| Center for Economic Reforms and Communication | |
| ramilhuseyn@bk.ru |
Rashad Huseynov Faig, Doctor of Philosophy in Economics |
|
| Center for Analysis of Economic Reforms and Communication | |
| rashad1.huseynov@gmail.com |
As a result of the coronavirus pandemic, Azerbaijan's non-oil exports decreased by 5.3 percent in 2020 compared to 2019, but surprisingly agricultural exports remained stable. The analysis revealed that the agricultural sector was resilient during the crisis caused by the pandemic, and there was a slight increase in export of agricultural products. One of the biggest threats to Azerbaijan's agricultural export by 2020 was its highly dependence on the Russian market. In this article, the authors assess the impact of the crisis caused by the coronavirus pandemic on agricultural exports and make relevant proposals to increase and diversify exports in the post-pandemic period.
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