Azerbaijan’s foreign trade brings in surplus in 1H2025

BAKU, Azerbaijan, August 15.​ Legal entities
and individuals from Azerbaijan carried out trade with partners
from 166 countries, sending out exports to 104 countries and
bringing in imports from 160 countries, in the first half of
2025.

The data obtained by Trend from the State Statistical Committee shows that
taking into account the statistically assessed value of crude oil
and natural gas registered with customs authorities, but for which
customs clearance hasn’t been fully completed, Azerbaijan’s foreign
trade turnover reached $24 billion. Of this, exports totaled $12.4
billion (51.9 percent) and imports $11.5 billion (48.1 percent),
forming a surplus of $920.1 million.

Compared to the first half of 2024, foreign trade turnover grew
by 9.4 percent in current prices but fell by 3.8 percent in real
terms. Imports rose by 4.4 percent in real terms, while exports
decreased by 9.3 percent.

Non-oil and gas exports amounted to $1.75 billion, rising by 9.9
percent in current prices but declining by 13.2 percent in real
terms.

According to the data of the State Customs Committee of
Azerbaijan, the shares of individual countries in the country’s
foreign trade turnover are distributed as follows:

Exports to Italy account for 46.5 percent, Türkiye 13.3 percent,
Russia 4.6 percent, the Czech Republic 3.5 percent, Croatia 3.2
percent, Romania three percent, Bulgaria and Greece 2.9 percent
each, Georgia 2.6 percent, Germany 2.5 percent, Portugal 2.4
percent, Switzerland 1.6 percent, the UK 1.1 percent, the
Netherlands and Ireland one percent each, Ukraine and Serbia 0.8
percent each, Thailand and Indonesia 0.6 percent each, and Tunisia
0.5 percent, with 4.6 percent other countries.

In the structure of non-oil and gas exports, the main markets
are Russia (33.4 percent), Türkiye (16.4 percent), Georgia (8.8
percent), Switzerland (8.6 percent), Ukraine (5.5 percent), the UAE
(three percent), Kazakhstan (three percent), the US (2.1 percent),
Belarus (2.1 percent), Turkmenistan (1.7 percent), Uzbekistan (1.6
percent), Italy (1.3 percent), China (1.1 percent), and Germany
(one percent).

The total share of imported goods by country is as follows:
China (17.7 percent), Russia (16.7 percent), Türkiye (10.3
percent), the US (4.8 percent), the UK (4.5 percent), Kazakhstan
and Germany (3.9 percent each), Australia (3.1 percent), Iran (2.5
percent), South Africa (2.3 percent), Italy (2.2 percent), Mexico
(1.9 percent), Uzbekistan and Japan (1.8 percent each), Brazil (1.7
percent), South Korea, Switzerland, and Belarus (1.5 percent each),
and Canada and Ukraine (1.2 percent each), with 14 percent coming
from other countries.