BAKU, Azerbaijan, March 3. Trade turnover
between Azerbaijan and Türkiye amounted to $431.7 million in
January 2026.
Data obtained by Trend from the State Customs Committee indicates that
this figure represents a decrease of $51.6 million, or 10.7%,
compared with the same period in 2025.
In January 2026, Azerbaijan exported goods worth $268.2 million
to Türkiye, down $39.9 million, or 13%, year-on-year.
Of the total exports to Türkiye over the reporting month, $19.5
million accounted for crude oil and crude petroleum products
obtained from bituminous minerals. Export volume for this category
reached 41,800 tons. Compared with January 2025, Azerbaijan's
exports of these products to Türkiye increased by $15.3 million, or
4.6 times in value, and by 33,100 tons, or 4.8 times in volume.
In addition, non-oil exports to Türkiye totaled $31.4 million
during the reporting month, which is $5.7 million, or 15.3%, less
than in January 2025. Non-oil exports to Türkiye accounted for
11.72% of Azerbaijan’s total non-oil exports. As a result, Türkiye
ranked 4th among the destinations for Azerbaijan’s non-oil exports
during the reporting period.
During the same period, exports from Türkiye to Azerbaijan
amounted to $163.6 million, marking a decrease of $11.6 million, or
6.6%, compared with the same period last year.
Overall, in January, Azerbaijan conducted foreign trade
operations worth $3.53 billion with other countries, which is $1.5
billion, or 30.5%, less than a year earlier.
Of the total foreign trade turnover, $2.23 billion accounted for
exports and $1.3 billion for imports. Over the past year, exports
declined by $802 million, or 26.4%, while imports fell by $750
million, or 36.5%.
Consequently, Azerbaijan recorded a positive foreign trade
balance of $933.6 million, which is $52.4 million, or 5.3%, less
than the previous year.
