Baku, Azerbaijan, May 7. Turkmenistan imported
non-oil products worth $12.4 million from Azerbaijan from January
through March 2025.
Data obtained by Trend from the State Customs Committee indicates that
this represents a decrease of $4.4 million, or 26.3 percent,
compared to the same period in 2024.
Non-oil exports to Turkmenistan accounted for 1.61 percent of
Azerbaijan’s total exports in the reporting period, making
Turkmenistan the 10th-largest destination for Azerbaijan’s non-oil
products.
The total trade volume between Azerbaijan and Turkmenistan for
the first quarter of 2025 amounted to $77.7 million, marking a
decline of 19.8 percent, or $19.2 million, compared to the same
period last year. In terms of total trade turnover, Turkmenistan
represented 0.64 percent of Azerbaijan’s overall trade volume.
Meanwhile, Azerbaijan’s exports to Turkmenistan during this
period totaled $13.1 million, a drop of 22.9 percent compared to
the same months in 2024.
Azerbaijan’s imports from Turkmenistan totaled $64.6 million in
the same period, showing a decrease of 19.2 percent or $15.3
million year-on-year.
Azerbaijan’s overall foreign trade turnover for the first
quarter of 2025 grew by 24.3 percent, reaching $12 billion. Exports
increased by 6.7 percent, or $401.75 million, totaling $6.4
billion, while imports surged by 52.6 percent, or $1.9 billion,
amounting to $5.7 billion.
Moreover, Azerbaijan recorded a positive foreign trade balance
of $722.9 million during the same period, falling by 3.1 times, or
$1.5 billion, compared to the same period last year.