BAKU, Azerbaijan, July 10. The volume of remittances sent by individuals from Azerbaijan to Kazakhstan in the first quarter of 2025 totaled $1.26 million.
Data obtained by Trend from the Central Bank (CBA) indicates that this figure represents a decrease of $1.43 million, or 2.1 times, compared to the same period in 2024 ($2.7 million).
Meanwhile, individuals transferred $5.16 million from Kazakhstan to Azerbaijan during the same period, down by $697,000 or 15.8 percent compared to the $6.13 million recorded in the first quarter of last year.
Kazakhstan accounted for 1.1 percent of Azerbaijan’s total outbound remittances and 2.3 percent of inbound remittances during the reporting period.
In total, Azerbaijani individuals sent $112.6 million in remittances abroad in the first quarter of 2025, which is $18.8 million or 14.3 percent less than in the same period last year.
At the same time, foreign remittances to Azerbaijan amounted to $229.4 million, marking a decline of $64.9 million or 22.1 percent year-on-year.
