BAKU, Azerbaijan, January 22. Azerbaijan is
making significant progress toward its non-oil export targets, said
Vusal Gasimli, Executive Director of the Center for Analysis of
Economic Reforms and Communication (CAERC), Trend reports.
Speaking at a press conference reviewing 2025 results, Gasimli
noted that the country’s socio-economic development strategy for
2022–2026 aims to increase non-oil exports by 1.2 times compared to
2021. "If we achieve a 10–15% growth in non-oil exports this year,
we will reach our goal by 2026," he said.
Gasimli emphasized the strategic shift towards
higher-value-added products within Azerbaijan’s non-oil export
structure, particularly the prioritization of finished goods over
raw materials and semi-finished products. He pointed out that the
petrochemical and metallurgical sectors are leading this
transformation.
The CAERC official further noted that Azerbaijan’s export
strategy is not confined to goods alone, but also includes the
expanding potential of service exports.
In particular, he highlighted the growing prominence of
transport services, which have become one of the most significant
sectors in the country's export portfolio in recent years.
''Under President Ilham Aliyev's leadership, Azerbaijan has
evolved into a regional transport hub, with services flourishing at
the confluence of the East-West and North-South trade corridors.
Today, the export of transport services has grown to match the
scale of Azerbaijan’s commodity exports.
Tourism also represents a major service export opportunity.
While there were some declines last year, the sector’s long-term
prospects remain strong. I believe that by 2026, Azerbaijan can
achieve even greater success in tourism services.
In addition, sectors such as finance, banking, insurance, and
other professional services hold immense untapped potential, which
we are determined to harness," Gasimli added.
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