Trade turnover almost doubles in Dagestan

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In the first six months of 2024, Dagestan’s foreign economic activity demonstrated a remarkable expansion, with a 1.8-fold increase in trade turnover compared to the corresponding period in 2021. This substantial growth highlights the significant progress in Dagestan’s trade sector.

The volume of exports increased by 2.8 times, while imports grew by 40%. The republic's main trading partners remain the countries of the Commonwealth of Independent States (CIS), Central Asia and the Middle East. These include Iran, Turkey, Iraq, Belarus, Azerbaijan, the United Arab Emirates (UAE), Kazakhstan and China. Dagestan is actively developing export-oriented partnerships with these countries. Last year, 11 foreign delegations visited Dagestan, underlining the continued development of trade and economic relations.

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