BAKU, Azerbaijan, January 1. Azerbaijan
imported gold worth $5.04 billion from January through November
2025 as part of ongoing efforts to diversify the economy and
exports, a source told Trend.
According to the source, non-oil and gas commodity exports
experienced a year-on-year increase of 7.3%, reaching a total of
$3.31 billion in the first eleven months of the year. This figure
is projected to achieve a record high by the close of the year,
marking the highest level of non-oil and gas exports in
Azerbaijan’s history since its independence, as reported to
Trend.
The source further clarified that gold imports are not
indicative of actual consumption or economic activity and, as such,
are excluded from analyses concerning import dynamics or
demand-driven import trends within the domestic economy.
Excluding gold imports, Azerbaijan registered a positive foreign
trade balance of $7.25 billion during the reporting period. Total
imports, excluding gold, amounted to $16.1 billion, reflecting a
modest increase of just 0.5% compared to the same period last
year.
