BAKU, Azerbaijan, March 28. Türkiye has become
Azerbaijan's second-largest trading partner from January through
February 2026.
Data obtained by Trend from the Azerbaijani State Customs Committee
indicates that trade turnover between the countries in the
reporting period amounted to $877.1 million, reflecting a decrease
of $127.5 million, or 12.7%, compared to the same period last
year.
Türkiye accounted for 14% of Azerbaijan’s total foreign trade
turnover, ranking second among the top trade partners of
Azerbaijan, following Italy.
From January through February of this year, Azerbaijan’s exports
to Türkiye totaled $532.9 million, down $28.1 million, or nearly
7%, compared to the same period last year. Thus, during the
reporting period, Türkiye also ranked second among the top export
destinations for Azerbaijan.
During the period, non-oil products accounted for $83.4 million
of Azerbaijan's exports to Türkiye, which ranked second with a
share of 14.37% in Azerbaijan's total non-oil exports. Non-oil
exports to Türkiye increased by $644,000 or 0.8% compared to the
first two months of last year.
In addition, in the first two months of this year, 47,100 tons
of crude oil and crude oil products from bituminous rocks worth
$22.1 million were exported from Azerbaijan to Türkiye. This is
$14.7 million or three times more in value and 11,700 tons or 1.8
times more in volume than in the same period last year.
In the reporting period, Azerbaijan's imports from Türkiye
amounted to $344.2 million, down $87.1 million, or 20.2%,
year-on-year.
Overall, Azerbaijan’s foreign trade turnover amounted to $6.26
billion in the reporting period, down by $2.64 billion, or 29.6%
year-on-year. Of this, $3.66 billion accounted for exports and
$2.59 billion for imports.
Consequently, the country achieved a positive trade balance of
$1.06 billion, which is $438 million—or 1.7 times—higher than the
previous year’s figure.
