BAKU, Azerbaijan, June 27. The value of product
export from Azerbaijan to the U.S. rose by nearly 37.9% in the
first 5 months of 2026.


This is reflected in the report by the Azerbaijani State Customs
Committee.


According to the report, the above indicator amounted to $43
million, which is an increase of $11.8 million compared to the
first 5 months of last year.


Meanwhile, during the reporting period, the volume of trade
transactions between the two countries came in at $384.5 million,
down $166.2 million, or 30.2%, year on year.


In the same period of this year, Azerbaijan imported $341.5
million worth of goods from the U.S., a decrease of $178 million or
34.3% compared to the same period in 2025.


Overall, Azerbaijan conducted trade operations worth $20.78
billion with foreign partners from January through May 2026, a
decrease of $178 million, or 0.8%, compared to the same period last
year.


Exports accounted for $13.97 billion of total trade turnover,
while imports stood at $6.8 billion. Export volumes increased by
$2.9 billion, or 27%, while imports declined by $3.14 billion, or
31.6% year-on-year.


As a result, Azerbaijan recorded a positive trade balance of
$7.15 billion, which is $6.1 billion, or 6.9 times, higher than in
the first 5 months of the previous year.


In general, economic relations between Azerbaijan and the United
States are developing positively. As an example, we can mention the
organization of mutual meetings and the signing of relevant
agreements. Thus, on June 2, within the framework of Baku Energy
Week, the first meeting of the Azerbaijan-U.S. Economic Dialogue
was held in accordance with the Charter on Strategic Partnership
between the Government of the Republic of Azerbaijan and the
Government of the United States of America, jointly organized by
the Ministry of Economy of Azerbaijan and the U.S. Department of
State.


The event, co-chaired by the Minister of Economy Mikayil
Jabbarov and the U.S. Assistant Secretary of State for Economic,
Energy and Business Affairs Caleb Orr, was attended by
representatives of state agencies, international financial
institutions, and the private sector of both countries.


Minister Mikayil Jabbarov emphasized the dynamic development of
Azerbaijani-U.S. relations, Economy said.


"The Strategic Partnership Charter plays an important role in
strengthening our economic cooperation. There are significant
prospects for expanding trade relations through the Trump
Administration for International Peace and Prosperity (TRIPP) and
the Middle East Corridor, strengthening energy security, developing
supply chains for critical minerals, as well as exploring new
investment opportunities in the areas of transport, logistics, and
digital infrastructure. Constructive dialogue on identifying joint
projects, further strengthening business ties, and implementing
mutually beneficial initiatives will contribute to bilateral
cooperation."


U.S. Assistant Secretary of State for Economic, Energy, and
Business Affairs Caleb Orr underlined their commitment to expanding
bilateral opportunities in the areas of business, trade, and
economic investment between Azerbaijan and the United States.


"This direction is one of the main priorities of the Strategic
Partnership Charter signed by U.S. Vice President Jay Dee Vance and
President of the Republic of Azerbaijan Ilham Aliyev in Baku in
February of this year. The results of the projects and initiatives
to be discussed within the framework of the dialogue, as well as
the existing opportunities for further strengthening bilateral
economic relations, will give impetus to the development of
economic cooperation between Azerbaijan and the United States," he
said.







Panel sessions dedicated to regional connections, trade and
transit, energy security, investments, artificial intelligence, and
digital infrastructure were held within the framework of the First
Economic Dialogue. The first session discussed the Trump Initiative
for International Peace and Prosperity (TRIPP), the Middle
Corridor, expanding regional logistics opportunities, Azerbaijan's
favorable business environment for investors, as well as the new
opportunities created for U.S. companies by the country's growing
ties with Europe and Central Asia.


The session on energy security reviewed cooperation
opportunities in the development of the Southern Gas Corridor,
electricity connections, and increasing energy production. The
issues of partnership in the diversification of supply chains,
diversification of critical mineral supply chains, and other areas
were discussed.


The panel on economic investments discussed the promotion of
economic projects serving the mutual welfare of both peoples,
including bilateral investments in transport and logistics, energy,
and digital technologies. Also, the focus was on the opportunities
for promoting U.S. investments in various directions, including the
Alat Free Economic Zone, which offers incentive mechanisms,
advantages, and a favorable legal regime for investors.


The discussions on artificial intelligence and digital
infrastructure provided information on U.S. high-tech solutions.
Cooperation in the application of data centers, artificial
intelligence technologies, the development of regulatory
frameworks, and future partnership in this area were considered.
During the meeting, the parties emphasized the importance of
expanding economic cooperation, promoting mutual investments, and
supporting innovative projects.


The event also included a meeting with business circles, and the
importance of developing cooperation between the private sector and
establishing new partnerships was noted.


At the end of the event, it was announced that Baku would host
the U.S.'s 2nd World Artificial Intelligence Week this year. With
the participation of Minister of Economy Mikayil Jabbarov and U.S.
Assistant Secretary of State for Economic, Energy, and Business
Affairs Caleb Orr, a number of documents and a Protocol of Dialogue
were signed in the fields of creating digital infrastructure,
technology transfer, and implementing efficient industrial
solutions in Azerbaijan.


Against the backdrop of expanding economic cooperation with the
U.S., new investment and technology directions are also being
formed.


The International Trade Administration (ITA) of the U.S.
Department of Commerce, in response to a request from Trend, said
that Washington sees significant potential for expanding
cooperation in the areas of natural minerals, digital
transformation, logistics, and multimodal connectivity.


"The United States sees great opportunities for significantly
expanding commercial cooperation with Azerbaijan in the areas
identified in the Strategic Partnership Charter. In particular,
cloud infrastructure, cybersecurity, e-government solutions, as
well as multimodal logistics and the development of the
Trans-Caspian International Transport Route are the main promising
areas of cooperation," ITA said in response to Trend's inquiry.


The organization noted that there are also significant
opportunities for U.S. companies in the development of advanced
production in the Alat Free Economic Zone, processing of critical
minerals and high technologies.


According to ITA, the first Azerbaijan-U.S. Economic Dialogue,
held in early June as part of the Baku Energy Week, was an
important stage in the practical implementation of the Strategic
Partnership Charter.


"This dialogue serves to translate high-level demonstrated
political will into concrete trade and investment outcomes.
Azerbaijan is of strategic importance for U.S. companies as an
energy hub, a transport and logistics hub, and an increasingly
attractive destination for technology investments," ITA told
Trend.