Core Insights - The foreign trade volume of the Nakhchivan Autonomous Republic reached 69 million USD from January to July this year, showing a year-on-year decline of 10.2% [1] - Exports amounted to 7.5 million USD, reflecting a year-on-year increase of 24.8%, while imports totaled 61.5 million USD, which is a year-on-year decrease of 13.1% [1] Trade Summary - The total foreign trade volume for the first seven months of the year was 69 million USD, down 10.2% compared to the previous year [1] - Export figures stood at 7.5 million USD, marking a significant increase of 24.8% year-on-year [1] - Import figures were recorded at 61.5 million USD, indicating a decline of 13.1% year-on-year [1] Industrial Output Summary - The industrial output of the Nakhchivan Autonomous Republic reached 300 million manats (approximately 18 million USD) from January to July, representing a year-on-year growth of 14% [1] - The processing industry accounted for 77.9% of the total industrial output, while the electricity sector contributed 19.3% [1] - Water supply and waste management made up 2.7%, and mining contributed a minimal 0.1% to the industrial output [1]