BAKU, Azerbaijan, June 25. Individuals transferred over $1 million from Azerbaijan to Israel in the first quarter of 2025.
Data obtained by Trend from the Central Bank of Azerbaijan indicates that this figure marks an increase of $302,000—or roughly 1.4 times—compared to the same period last year.
The proportion of Israel in the aggregate quantum of outbound
remittances emanating from Azerbaijan throughout this timeframe was
quantified at 1 percent.
In contrast, the aggregate of personal remittances originating from
Israel to Azerbaijan amounted to $2.3 million during the
corresponding timeframe, indicating a decrement of $1.1 million,
equating to a 32.6 percent reduction relative to the inaugural
quarter of the preceding fiscal year. Israel constituted a marginal
1 percent of the aggregate remittance influx into Azerbaijan.
During Q1 2024, remittances from Azerbaijan to Israel totaled
$796,000, whereas the corresponding inflows from Israel amounted to
$3.4 million.
In aggregate, the outbound personal remittances emanating from
Azerbaijan to international jurisdictions in the inaugural quarter
of 2025 amounted to $112.6 million—reflecting a decrement of $18.8
million, or a contraction of 14.3 percent on a year-over-year
basis. Concurrently, the influx of personal remittances from
international sources totaled $229.4 million, reflecting a
decrement of $64.9 million, or a 22.1 percent contraction relative
to the corresponding timeframe in 2024.
