A surprising trend in Azerbaijan"s economic landscape is the significant contribution of the industrial sector, represented by a 56. 1% share of GDP in 2022, with gems and minerals playing an increasingly pivotal role. However, the country"s ores and metals exports have seen a decline from 1. 29% in 2020 to 0. 77% in 2022, indicating potential challenges in competitiveness or gaps in value addition. This shift opens avenues for businesses to explore opportunities in mining, processing, and trading gemstones, such as agate, amber, and jade, which are abundant in Azerbaijan. The fuel export dependency at 92. 54% of merchandise exports in 2022 underscores a critical gap in diversifying the economy.

On the import side, ores and metals" import percentage increased, reflecting a growing domestic demand which could be leveraged by strategic partnerships and investments in local gemstone processing and manufacturing capabilities. The increasing gross savings rate, which reached 42. 05% of GDP in 2022, suggests available capital that can be redirected towards these sectors, promoting economic diversification and self-reliance. Globally, Azerbaijan"s GDP growth trajectory, from a contraction of -4. 30% in 2020 to robust growth of 4. 71% in 2022, aligns with the potential for expansion in the gemstones market. The global demand for gemstones like diamonds and emeralds continues to rise, offering Azerbaijan an opportunity to position itself as a key player in the B2B market by enhancing its supply chain and tapping into international markets. Aritral.

com offers an AI-driven platform that can be instrumental for businesses looking to capitalize on these opportunities. By simplifying international trade in commodities and raw materials, Aritral provides services such as Product Listing, Direct Communication, Global Sales Assistance, and AI-Powered Marketing. These tools are essential for businesses aiming to connect with local suppliers and exporters in Azerbaijan"s gemstones sector, optimizing their market reach and enhancing growth potential. "