BAKU, Azerbaijan, June 19.
Economic cooperation has been discussed between Azerbaijan and
Iran.
This was announced in the publication shared by Azerbaijani
Minister of Economy Mikayil Jabbarov on his X account.
“On the sidelines of the Annual Meetings of the Islamic
Development Bank Group, we met with Mehdi Heidari, Deputy Minister
of Economic Affairs and Finance of the Islamic Republic of Iran and
President of the Organization for Investment, Economic and
Technical TAI). We exchanged views on the current state of economic
relations between our countries, cooperation in the fields of
trade, investment, and transport, as well as opportunities for
further strengthening business ties.
According to the Azerbaijani State Customs Committee, the volume
of trade transactions between Azerbaijan and Iran amounted to $12.4
million from January through March 2026, reflecting a growth of
$12.4 million, or 7.9%, compared to the same period in 2025.
In the first quarter of this year, Azerbaijan exported products
worth $2.8 million to Iran, marking a decrease of $2.1 million, or
about 1.7 times, compared to the first quarter of last year.
During the reporting period, Azerbaijan imported products worth
$166.7 million from Iran, representing a year-on-year increase of
$14.4 million, or 9.5%.
