Trade Turnover Between Azerbaijan and Russia Drops Over 31% — Imports Plunge While Exports Rise

11:53 - 25.08.2026

August 25, Fineko/abc.az. In January–July 2026, the trade turnover between Azerbaijan and Russia reached $2.110 billion. According to calculations based on State Customs Committee data, this represents a decrease of $960 million, or 31.3%, compared to the same period in 2025. Accounting for 7.22% of Azerbaijan's total trade turnover, Russia ranks as the country's 5th largest trade partner.

Key Figures and Dynamics:

  • Exports: Azerbaijan's exports to Russia totaled $749.5 million during the reporting period, up 3.9% ($28.4 million) year-on-year. Russia ranks 4th among Azerbaijan's top export destinations.

  • Non-Oil Exports: Non-oil products accounted for $731.7 million of total exports to Russia, rising by 2.1% ($15 million). Russia holds the 2nd position in Azerbaijan's total non-oil exports with a 12.33% share.

  • Imports: Imports from Russia to Azerbaijan reached $1.360 billion. Although this marks a steep drop of 42.1% ($988.3 million) compared to the same period in 2025, Russia remains Azerbaijan's 2nd largest import partner.