Azerbaijan has recorded its first-ever imports from Armenia, signalling a tentative shift in economic ties between the two neighbours.
In March this year, Azerbaijan imported goods worth $960 from Armenia, marking the first recorded import from its neighbour, according to the news agency Report, citing the State Customs Committee.
In response to a query from Report, the State Customs Committee clarified that the $960 worth of items were roses from the Netherlands, transported through Armenia to Azerbaijan.
Meanwhile, in the first quarter of the year, Baku exported $5.757 million to Yerevan.
It noted that that in last month alone, Azerbaijan exported $1.537 million worth of products.
Export receipts from Armenia represented 0.1% of Azerbaijan’s total export revenues.
Overall, between January and March this year, Azerbaijan’s trade turnover with foreign countries totalled $9.407 billion, representing a 21.9% decline compared with the same period last year.
Of that total, $5.402 billion came from exports and $4.005 billion from imports. Year on year, exports fell by 15.4%, while imports dropped by 29.3%.
As a result, Azerbaijan recorded a foreign trade surplus of $1.398 billion, 93.4% higher than a year earlier.
The landmark trilateral summit held in Washington on 8 August 2025 served as a decisive turning point for South Caucasus trade, resulting in the establishment of the Trump Route for International Peace and Prosperity (TRIPP).
This U.S.-backed framework has shifted the region’s dynamics from conflict management to infrastructure-led peacebuilding by facilitating the reopening of critical transit routes. The agreement has already yielded tangible economic results, with the lifting of long-standing transit restrictions enabling the movement of more than 10,000 tonnes of fuel and industrial goods between Azerbaijan and Armenia.
By providing a structured gateway through the Zangezur Corridor, the TRIPP initiative not only secures a 43-kilometre transit link across Armenian territory but also integrates the region into a broader Eurasian logistics network, supported by a $145 million U.S. commitment to infrastructure and cross-border security.
The United Arab Emirates has set a minimum age of 15 for social media use, becoming the first Arab country to introduce such a restriction as governme...
Nearly 300 students and staff were evacuated after a fire broke out at an elementary school in northern Tokyo on Friday morning, leaving 10 people wit...
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 19 June, covering the latest developments you need to know....
Planned U.S.-Iran talks in Switzerland on Friday will no longer take place after Vice President JD Vance withdrew from a scheduled trip to meet Irania...
Labour mayor Andy Burnham cleared a path to ousting British Prime Minister Keir Starmer after winning a parliamentary seat in northern England on Frid...
Veteran business leader, diplomat and board adviser, Mehmet Öğütçü, reflects on more than four decades of hiring and leadership experience, offering practical advice to graduates and young professionals navigating an increasingly competitive labour market.
Documentary filmmaker Mikael Silkeberg has said that making a film exploring connections between Scandinavia and Azerbaijan helped him better understand his own mixed Nordic identity.
Three flags, one training ground and a clear message: defence cooperation in the South Caucasus remains firmly on track. Elite special operations units from Georgia, Türkiye and Azerbaijan have gathered in Mukhrovani for the latest edition of the Caucasian Eagle military exercise.
France has continued activities that undermine the Azerbaijan-Armenia peace process, including espionage and information campaigns targeting Baku, according to Azerbaijan’s State Commission Against Foreign Interference and Hybrid Threats.
Donald Trump has said the U.S. will resume bombing Iran if Tehran doesn't "behave," at the sidelines of the G7 summit in France. Earlier, the U.S. President criticised Israel for its tactics against Hezbollah, saying it was unnecessary to bomb entire apartment buildings to tackle militants.
U.S. President Donald Trump sought a deal with Iran "out of deperation," Iranian Supreme Leader Mojtaba Khamenei has said, in a statement on social media. Khamenei added that he himself "held a different view," to Trump, but allowed the agreement after receiving assurances from Iran's President.
Britain has announced an additional £8 million ($11 million) to help Pakistan combat illegal migration, human trafficking and organised crime, while praising Islamabad's role in diplomacy that helped secure the recent U.S.-Iran agreement.
Caleb Yirenkyi’s stoppage-time goal secured a 1-0 win for Ghana over Panama as World Cup action delivered a mix of late drama and key results. Colombia and England also began their campaigns with victories, while DR Congo held Portugal in a historic 1-1 draw and Austria beat Jordan 3-1.
The European Commission has announced €493 million in emergency support for the Ebola response, including funding for vaccines, treatment and health security measures.
Planned U.S.-Iran talks in Switzerland on Friday will no longer take place after Vice President JD Vance withdrew from a scheduled trip to meet Iranian negotiators, Swiss authorities said.
The European Parliament has adopted one of its strongest resolutions on Georgia to date, calling for the release of political prisoners, backing sanctions against senior officials and warning that continued democratic decline could jeopardise the country's EU ambitions and visa-free travel regime.
The Caspian Sea has retreated by up to 35 kilometres along Kazakhstan's coastline since 2006, raising fresh concerns about the future of the world's largest inland body of water and the communities, industries and ecosystems that depend on it.
Iranian President Masoud Pezeshkian has remotely signed a memorandum of understanding (MoU) with the U.S., brokered by Pakistan, under which Tehran and Washington agreed to extend their ceasefire and begin negotiations towards a peace agreement.
Kazakhstan and Iran have agreed to accelerate cooperation on transport corridors, giving Kazakhstan access to key Iranian ports in a move aimed at strengthening trade routes and reducing reliance on transit routes through neighbouring countries.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment