The boom of the welfare of Azerbaijani people and the development of the non-oil zone caused a sharp boom in imports of automobiles, vans, and buses into us of a.
The vehicle import increase that started out in Azerbaijan remaining year continued this year too, regardless of a sizeable growth in excise taxes imposed on the imported cars.
Thus, in January 2019, 2,512 cars had been imported into the united states of America, that is 1,526 gadgets, or 2.5 instances greater than in January 2018, consistent with the State Customs Committee of Azerbaijan.
From January 1, 2019, with the corresponding amendments to the Tax Code of Azerbaijan excise taxes on the import of motors were raised, relying on the engine size.
Thus, the excise tax at the import of automobiles with an engine ability up to 2,000 cubic centimeters is 0. Three manats for every cubic centimeter, in opposition to previous zero.2 manats.
For motors with a big engine ability, new excise taxes come as follows: up to 3000 cubic centimeters – 600 manats (formerly four hundred manats) plus 5 manats (formerly three manats) for each cubic centimeter of engine (from 2001 to 3000) cubic centimeters of engine length and so on. That is, on average, excise costs imposed on imported motors multiplied via 50 percentage.
But no matter this, a noticeable boom in the earnings of a positive part of the population allowed to growing imports of passenger vehicles into the USA in January this yr through 1,359 gadgets, or 2.5 instances, consequently attaining the amount of 2,267 units.
Also, the lively development of the countrywide economy and the opening of large factories in the non-oil quarter caused a rise in a truck call for. In January of this 12 months, 215 vans were supplied to Azerbaijan, that is 3 times extra than in the same period of a closing year.
Improvement of the financial performance of the USA also allowed beginning to actively replace the bus fleet. In January on my own, 18 buses had been imported, which is four. Five instances more than within the same period of 2018.
And it is not unexpected that, in opposition to this heritage, the costs of entrepreneurs at the import of vehicles and spare components for them have tremendously risen.
According to the results of 2018, 28,876 vehicles were imported from overseas. For imports of cars and spare elements $641.7 million were spent in 2018, that is $219.6 million, or 52 percent more as compared to 2017.
Over the past years, the minimal import of passenger automobiles was discovered in 2016 – four,991 units. The most volume of imports of vehicles fell down in 2013.
Despite the excessive fee of automobile imports, Azerbaijan still takes steps to set up a car assembly to save you foreign money outflows and meet the wishes of the populace and marketers in vehicles through setting up local flowers.
Cars, trailers, and semi-trailers were produced inside the united states of America worth 106.6 million manats in step with the consequences of 2018, that is 31 times more in comparison to 2017, consistent with the State Statistics Committee.
As many as 969 motors had been produced in 2018, that is 32.Four times greater than in 2017.
Such a sharp growth inside the production of vehicles inside the united states of America turned into accomplished with the aid of a joint Azerbaijani-Iranian Khazar plant inside the Neftchala commercial park.
By the way, beginning from the current yr, Khazar cars are anticipated to be exported, initially to the Russian marketplace.
In addition, the Nakhchivan facility opened in 2010 assembles 8 models of Lifan passenger automobiles designed through China’s Lifan Group, which provides all of the vital spare components for motors to the plant so they will be assembled in Azerbaijan below the direct supervision of the Chinese automobile professionals.
