BAKU, Azerbaijan, April 23. The trade turnover between Azerbaijan and Türkiye amounted to $1.4 billion from January through March 2025.
Data obtained by Trend from the Azerbaijani State Customs Committee reflects this figure's year-on-year decrease of $38.8 million (2.6 percent).
During the reporting period, trade with Türkiye accounted for 11.87 percent of Azerbaijan's total trade turnover, clinching Türkiye's third spot among the top countries with which Azerbaijan conducted trade operations during this period.
In the first quarter of this year, Azerbaijan's exports to Türkiye totaled $837.4 million, down $93 million (10 percent) compared to the same period last year. Nevertheless, Türkiye remained the second-largest destination for Azerbaijan’s exports during this period.
Meanwhile, Azerbaijan's imports from Türkiye amounted to $592.9 million in the reporting period, representing an increase of $54.2 million (10.1 percent) compared to the same period in 2024, which resulted in Türkiye's third position among the top importers for Azerbaijan during this period.
To note, Azerbaijan exported 24,000 tons of crude oil and crude oil products obtained from bituminous rocks worth $12 million to Türkiye from January through March 2025, which is a year-on-year decrease of 90,000 tons (4.8 times) in volume and $49.8 million (5.2 times).
During the period, Türkiye ranked 13th among the top importers of Azerbaijani oil.
The total volume of crude oil and crude oil products from bituminous rocks exported from Azerbaijan in the first quarter of 2025 was six million tons, and the value exceeded $3.3 billion.
The exported items included oil and petroleum products derived from bituminous rocks, excluding crude oil, and those with a petroleum content of 70 percent or more by weight.
