The March issue of the “Export Review” has been published
The Center for Analysis of Economic Reforms and Communication has released the March 2026 issue of the “Export Review”.
According to the report, Azerbaijan’s non-oil exports increased by 19.7% in January–February 2026 compared to the same period in 2025, reaching 580.7 million US dollars. Exports of food products rose by 30.5% to 200.6 million US dollars.
As reported by Startup.az, during the reporting period, sugar exports increased 4.3 times, cotton yarn 2.6 times, animal and vegetable fats and oils 2.1 times, aluminum and related products by 37.4%, raw cotton by 33.3%, fruits and vegetables by 32.7%, alcoholic and non-alcoholic beverages by 10.9%, and tea by 5.1%.
In January–February 2026, agricultural exports grew by 34.6% to 160.9 million US dollars, while agro-industrial exports increased by 22% to 52.5 million US dollars. Overall, combined exports of agricultural and agro-industrial products rose by 31.2% to 213.4 million US dollars.
Among non-oil exports, gold ranked first with 60.7 million US dollars, followed by hazelnuts (57.4 million US dollars) and copper ores (44.6 million US dollars). In February alone, hazelnuts led exports with 28.1 million US dollars, followed by gold (27.6 million US dollars) and copper ores (24.1 million US dollars).
During the first two months of 2026, non-oil exports were mainly directed to Russia (149.1 million US dollars), Türkiye (83.4 million US dollars), Georgia (77.2 million US dollars), Switzerland (67.7 million US dollars), and Ukraine (29 million US dollars). In February, exports were led by Russia (72.1 million US dollars), Türkiye (52 million US dollars), Georgia (45.6 million US dollars), Switzerland (29.1 million US dollars), and Kazakhstan (13.9 million US dollars).
The top ten non-state exporting companies included Azerbaijan International Mining Company Limited Representative Office, AGRARCO LLC, Prime Cotton LLC, Azerbaijan Sugar Production Association LLC, Baku Steel Company CJSC, PRIME LM LLC, P-AQRO LLC, KHAN-EL LLC, MORS TRADING LLC, and STP Aluminum LLC.
Among state-owned exporters, AzerGold CJSC ranked first, followed by SOCAR Polymer LLC, Azeraluminium LLC, SOCAR’s Marketing and Economic Operations Department, Azerpambiq Agro-Industrial Complex LLC, SOCAR Gas Export Department, Socar Cape LLC, Sanayecihaz, Istisu Mineral Water Plant LLC, and Garadagh Glass Plant OJSC.
In January–February 2026, the Azerbaijan Space Agency (Azercosmos) exported satellite telecommunication services worth 3 million US dollars to 32 countries, accounting for 65% of its total revenues. The top five destinations for these services were the United Kingdom (710.4 thousand US dollars), Luxembourg (545.4 thousand US dollars), Sweden (374.4 thousand US dollars), Türkiye (162 thousand US dollars), and Pakistan (152.5 thousand US dollars).