Azerbaijan’s non-oil exports surge 2.5-fold as UK leads destinations

BAKU, Azerbaijan, October 23. The United
Kingdom, Russia, Türkiye, Georgia and Switzerland were the five
largest destinations for Azerbaijan’s non-oil exports by value in
January-September 2026, according to Trend’s calculations based on data from the
State Customs Committee.

Exports to these five markets totaled approximately $5.61
billion, with the United Kingdom accounting for the largest
share.

UK accounts for more than half of reported
exports

Azerbaijan exported non-oil products worth $3.48 billion to the
United Kingdom during the first nine months of 2026, accounting for
52.36% of the reported total of $6.65 billion.

Exports to Russia amounted to $881.4 million, or 13.25% of the
total, while shipments to Türkiye reached $475.2 million,
accounting for 7.14%.

Combined, the United Kingdom, Russia and Türkiye accounted for
72.75% of Azerbaijan’s reported non-oil exports during the
period.

Exports to Russia and Türkiye increase

Azerbaijan’s non-oil exports to Russia rose by $2.5 million year
over year, from $878.9 million in January-September 2025. This
represented an increase of approximately 0.28%.

Exports to Türkiye increased by $39.4 million, from $435.8
million a year earlier, marking growth of approximately 9.04%.

Georgia and Switzerland record higher
shipments

Azerbaijan exported non-oil products worth $443 million to
Georgia during the reporting period, accounting for 6.66% of the
total. Exports to Switzerland amounted to $327.9 million, or
4.93%.

In January-September 2025, exports to Georgia totaled $244.8
million, while shipments to Switzerland reached $247.8 million.

Year over year, exports to Georgia increased by $198.2 million,
or approximately 81%, while exports to Switzerland rose by $80.1
million, or around 32%.

Exports to other countries amounted to $1.04 billion, accounting
for 15.66% of the reported total.

Main destinations for Azerbaijan’s non-oil exports in
January-September 2026

The figures indicate that the United Kingdom was the leading
destination by a substantial margin. However, the unusually large
share attributed to the UK warrants further clarification,
including whether the reported value includes non-monetary gold.
This distinction is important when assessing the underlying
performance and geographical distribution of Azerbaijan’s non-oil
exports.