economy
Merz Calls for Strengthening Social Stability and Renewing Germany's Economic Foundations
German Chancellor Friedrich Merz at the CSU congress in Munich said it is necessary to renew the country's economic, socio-political and societal foundations despite pressure on the economy.
The EU received 54.29% of Azerbaijan’s merchandise exports
Azerbaijan exported $12.96 billion of goods to European Union countries in January-September 2026. The EU received 54.29% of the country’s total merchandise exports, according to customs figures.
Road transport carried almost 60% of Azerbaijan’s import value
Goods imported by road were valued at $7.88 billion out of Azerbaijan’s $13.35 billion of imports in January-September 2026. Road transport accounted for 59.0% of import value.
Aluminium, nitrogen fertilisers and methanol exports exceeded $428 million
Three industrial categories generated $428.14 million of Azerbaijani exports in January-September 2026. Aluminium and aluminium products contributed $219.61 million, nitrogen fertilisers $126.68 million and methanol $81.84 million.
Cotton fibre and yarn generated $188 million in Azerbaijan’s exports
Azerbaijan’s exports of cotton fibre and yarn totalled $188.38 million in January-September 2026. Fibre generated the larger share at $152.14 million, compared with $36.25 million for yarn.
Azerbaijan’s pharmaceutical imports reached $382 million
Azerbaijan imported $382.45 million of pharmaceutical products in January-September 2026. Chapter 30 accounted for 2.87% of total import value, according to customs data.
Azerbaijan imported $3.08 billion of machinery and electrical equipment
Two major machinery and equipment chapters accounted for $3.08 billion of Azerbaijan’s imports in January-September 2026, or approximately 23.1% of total merchandise imports.
China supplied a quarter of Azerbaijan’s imports in nine months
China was Azerbaijan’s largest source of imports in January-September 2026. Goods of Chinese origin were valued at $3.38 billion, representing 25.29% of total imports.
Gold accounted for 56.85% of Azerbaijan’s non-oil exports
Azerbaijan’s customs statistics recorded exports of 25.36 tonnes of gold worth $3.78 billion in January-September 2026. Gold accounted for 15.85% of all merchandise exports and 56.85% of non-oil exports.
Azerbaijan’s non-oil exports: why $6.65 billion and $2.88 billion measure different things
The customs report for January-September 2026 gives two distinct non-oil export figures: $6.65 billion overall and $2.88 billion for goods of Azerbaijani origin. They should not be used interchangeably.
Tomatoes and hazelnuts generated almost $289 million in Azerbaijan’s exports
Azerbaijan exported $671.40 million of fruit and vegetables in January-September 2026, with shipments totalling 563,340 tonnes. Tomatoes and hazelnuts together generated $288.86 million, roughly 43% of the category’s export value.
Hybrids and EVs accounted for a third of Azerbaijan’s passenger car imports
Azerbaijan imported 50,898 passenger cars in January-September 2026. Hybrids and battery electric vehicles accounted for 17,475 units, or 34.3% of the total, according to the State Customs Committee.
Azerbaijan’s September trade surplus narrowed to $128 million
Azerbaijan recorded a merchandise trade surplus of $127.58 million in September, the lowest monthly figure in January-September 2026. The August surplus was $941.68 million, making the month-on-month contraction 86.5%.
Caspian fibre and ICT growth: turning Azerbaijan’s digital infrastructure into revenue
New connectivity expands possibilities, but by itself it does not create software exports. Where revenue appears between data transmission and a digital product.
Falling oil output puts the focus on Azerbaijan’s energy earnings
Falling production makes oil revenue more sensitive to price. Gas expands sales destinations, but its volumes cannot be translated directly into budget revenues.
From harvest to finished goods: where agribusiness can earn more
Exports of processed agricultural products are growing faster than agricultural exports. Why this is an opportunity for business, but not yet proof of high profitability.
Beyond transit: how Azerbaijan’s transport sector earns its revenue
Transport and warehousing services grew by 10%. The market structure explains why higher tonnage does not guarantee higher revenues.
Construction slows while apartment prices rise: what Azerbaijan’s housing figures reveal
Construction value added is declining while the housing price index is rising. What this means for supply, buyers and mortgage affordability.
Why personal inflation can exceed the average: the pressure on household budgets
Food prices are rising faster than the overall index. September statistics show how the structure of spending shifts the burden on the budget.
One-gapik processing: who benefits from the Central Bank's new payment fees?
From April 2027, the cost of payment infrastructure changes. What will change for banks, shops and buyers.
Azerbaijan's ICT Sector Boosts Output by 11.1% in Nine Months
In January-September, Azerbaijan's information and communication technology sector produced goods and services worth 2 billion 57.4 million manats, up 11.1% year-on-year.
Central Bank Governor: Azerbaijan's Economic Diversification Depends on 2027-2030 Reforms
Central Bank of Azerbaijan Chairman Taleh Kazimov said monetary policy supports economic diversification but cannot ensure it alone. Reforms planned for 2027-2030 will play a key role.
Iranian Banks Increase Startup Lending by 131% in Six Months
In the first half of the current Iranian year, Iranian banks issued 6.72 quadrillion rials in loans to startups, up 131% year-on-year.
Azerbaijan Takes Part in IMF and World Bank Annual Meetings in Bangkok
A delegation from Azerbaijan's Ministry of Finance, led by First Deputy Minister Anar Kerimov, is taking part in the Annual Meetings of the IMF and the World Bank Group, held in Bangkok from October 12 to 18.