Azerbaijan's non-oil exports rise 20.8% to $3.6bn

Azerbaijan's non-oil exports rise 20.8% to $3.6bn
CAERC

Azerbaijan's non-oil and gas exports, excluding non-monetary gold, rose 20.8 per cent year-on-year to $3.6 billion in the first 10 months of 2026, according to preliminary figures released by the Center for Analysis of Economic Reforms and Communication (CAERC) on Thursday.

The figures show that export growth continued in October, when shipments reached $414.2 million, up 23 per cent compared with the same month last year.

Agricultural and agro-industrial exports also increased, reaching a combined $1.2 billion between January and October, while several manufactured and processed product categories recorded double-digit growth.

October exports maintain growth

Azerbaijan's non-oil exports reached $414.2 million in October, compared with $336.8 million in the same month of 2025.

Non-food products accounted for $280.7 million, an increase of 29.9 per cent from $216.2 million a year earlier.

Food exports totalled $115.2 million, compared with $120.7 million in October 2025.

The figures indicate that non-food products were a key driver of October's export growth, offsetting a decline in food shipments.

Agricultural exports exceed $1.2 billion

Agricultural exports rose 12.7 per cent year-on-year to $866.9 million during January–October 2026, according to CAERC.

Exports of agro-industrial products grew faster, increasing 28.8 per cent to $334.9 million.

Combined agricultural and agro-industrial exports reached approximately $1.2 billion, representing annual growth of 16.7 per cent.

The stronger increase in agro-industrial exports highlights the contribution of processed agricultural products to Azerbaijan's non-oil export performance.

Sugar, metals and chemicals lead export gains

Several product categories recorded substantial increases during the first 10 months of 2026.

Exports of sugar and sugar confectionery rose 137.6 per cent compared with the corresponding period of 2025, the strongest growth rate among the categories highlighted by CAERC.

Aluminium and related products increased 39.2 per cent, while exports of articles of iron or steel grew 34 per cent.

Other categories also recorded gains:
  • Animal and vegetable fats and oils: 27.1 per cent
  • Copper and related products: 24.9 per cent
  • Organic chemicals: 16.1 per cent
  • Cotton: 14.2 per cent
  • Vegetables: 11.6 per cent
  • Coffee and tea: 10.9 per cent
  • Edible fruits: 6.7 per cent

The figures show growth across agricultural goods, processed foods, metals and industrial materials, reflecting a broader range of products contributing to Azerbaijan's non-oil export earnings.

Export diversification remains in focus

The latest figures provide an indication of Azerbaijan's progress in expanding exports outside its traditional oil and gas sector.

Non-oil and gas exports reached $3.6 billion during January–October, compared with approximately $2.98 billion in the corresponding period of 2025.

The increase reflects higher export values across several product categories, particularly agro-industrial goods and manufactured materials.

CAERC's figures remain preliminary and will form part of the November 2026 edition of its Export Review, which monitors developments in Azerbaijan's non-oil export sector.

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