WORLD TRADE EXPO AZERBAIJAN – CHINA CREATED FAIR

Exhibition Date: September 17th - 19th, 2024

Exhibition Venue: Baku International Expo Center

Organizer: KAC INTERNATIONAL EXHIBITION GROUP LIMITED

Exhibition Categories:

1.Building Materials and Construction Machinery Zone:

Construction and decorative materials, sanitary equipment and supplies, kitchenware, hardware tools, gardening supplies, furniture and office furniture, lighting products, engineering machinery, advertising, safety, and protection.

2.Industrial and Machinery Equipment Zone:

Mechanical and electromechanical equipment, packaging, printing, plastic industry, molds, electric new energy, environmental protection water treatment, chemical products.

3.Consumer Electronics and Appliances Zone:

Household appliances, consumer electronics, electronic and electrical, automatic control systems, handheld information devices, mobile communication, audio digital TV, electronic games, MP3 audio, video, etc.

4.Textiles, Leather, and Daily Consumer Goods Zone:

Home and decorative items, glass crafts, weaving and iron crafts, household textiles, textile raw materials, clothing accessories, infant and child products (toys, children's clothing), gifts, holiday items, and giveaways, sports and outdoor leisure products, bags, various shoes, leather products, beauty, daily consumer goods, office supplies, wedding supplies, folk and religious items, etc.

5.Automotive Parts and Decoration Zone:

Complete vehicles and automotive parts, automotive repair equipment, maintenance and care products, in-car entertainment systems, gas station equipment, air conditioning and refrigeration systems, automotive decoration and modification products, coatings, safety systems, etc.

6.Food and Hotel Supplies Zone:

Food and beverages, food machinery and technology, food processing machinery and technology, food packaging machinery and technology, hotel room supplies, hotel kitchenware, hotel cleaning supplies, hotel furniture supplies, hotel decoration supplies, etc.

Market Introduction:

The Republic of Azerbaijan is located in the South Caucasus region at the crossroads of Europe and Asia, with the Caspian Sea to the east, Iran and Turkey to the south, Russia to the north, and Georgia and Armenia to the west. It is a crucial hub in the Eurasian transport corridor, known as the "Crossroads," and a significant node in the "Belt and Road" Eurasian transport network.

Azerbaijan maintains political stability, is rich in oil and natural gas resources, and possesses significant petroleum reserves in the Caspian Sea region, with proven reserves of 2 billion tons and geological reserves of approximately 4 billion tons, characterized by shallow burial and low impurities. The proven natural gas reserves are 2.55 trillion cubic meters, with a prospective reserve of 60 trillion cubic meters. Additionally, Azerbaijan has metal deposits such as iron, molybdenum, copper, gold, as well as abundant non-metallic and mineral water resources, ranking among the world's top per capita resource holders. In recent years, the Azerbaijani government has focused on economic restructuring, emphasizing the development of non-oil and gas sectors. Modernization in both light and heavy industries is rapidly progressing, leading to a significant increase in foreign trade. According to statistics from the Azerbaijan National Customs Committee, in 2022, the bilateral trade between Azerbaijan and China amounted to $2.16 billion, accounting for 4.1% of Azerbaijan's total foreign trade. During this period, Azerbaijan exported $72.76 million worth of goods to China, representing 0.2% of its total exports, while importing $2.09 billion worth of goods from China, constituting 14.4% of its total imports. In 2022, China maintained its position as Azerbaijan's fourth-largest trading partner and the third-largest source of imports.

Azerbaijan was one of the earliest supporters of the "Belt and Road" initiative and actively seeks new opportunities for cooperation in various industries. The initiative holds significant importance, not only bringing new possibilities for Azerbaijan's development in non-energy sectors but also providing new opportunities for economic development and trade cooperation for countries along the route. China has become Azerbaijan's sixth-largest trading partner and the third-largest source of imports, with import figures second only to Russia and Turkey.