Value of non-oil exports by Azerbaijan's top 10 state firms drops over 26%

Business

30 April, 2026
17:36

Value of non-oil exports by Azerbaijan's top 10 state firms drops over 26%

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In January-March 2026, the total value of non-oil products exported by 10 state companies in Azerbaijan amounted to $208.7 million, Report informs, citing the Center for Analysis of Economic Reforms and Communication.

This is $74.1 million or 26.2% less than the corresponding period of 2025 ($282.8 million).

SOCAR Polymer LLC led the list of state companies participating in export operations in the non-oil sector with a 27.3% share.

Ranking of state companies by export volume:

Company	Export volume Jan–Mar 2026 (million USD)	Export volume Jan–Mar 2025 (million USD)	Percentage change %
SOCAR Polymer LLC	57	59	-3.4%
AzerGold CJSC	51.8	41.9	23.6%
Azeraluminium LLC	42.9	39.6	8.3%
SOCAR Marketing and Economic Operations Department	35.3	105	-66.4%
Azerpambig ASK LLC	11.7	9.5	23.2%
Azerbaijan Airlines CJSC	4.5	3.8	18.4%
SOCAR Gas Export Department	2.8	23	-87.8%
AzerEnerji OJSC	2	1	100%
SOCAR CAPE LLC	0.43	0	-
Nakhchivan Energy LLC	0.23	0	-

During the reporting period, Azerbaijan's non-oil-gas exports increased by 11.7% in value terms compared to the same period of the previous year, reaching $862 million.