Russia Exports to Azerbaijan: Azerbaijan-Russia Trade Volume Growth in 2024-25

Explore detailed insights into Russia exports to Azerbaijan, including top export products, trade volume trends, Azerbaijan imports, and bilateral trade growth in 2024–25.

May 26, 2025 0 727

Russia Exports to Azerbaijan: Azerbaijan-Russia Trade Volume Growth in 2024-25

In recent years, the trade volume between Russia and Azerbaijan has been steadily growing, with Russia exporting various goods to Azerbaijan. According to the Russia export data, the total value of Russia's exports to Azerbaijan reached $3.62 billion in 2024, a 14.5% increase from the previous year. This significant growth underscores the strengthening economic ties between the two nations. Russia emerged as Azerbaijan's second-largest trade partner, following China, accounting for 17.2% of Azerbaijan's total imports, as per the global trade data.

The primary Russian exports to Azerbaijan included Wheat and meslin, Crude petroleum and petroleum products, Timber and wood products, Gaseous hydrocarbons, Mineral or chemical fertilizers, and Natural gas. Notably, agricultural exports from Russia to Azerbaijan reached $720 million in the first 11 months of 2024, reflecting a 7% year-on-year increase. This article will discuss the current state of trade between the two countries and explore the expected growth in trade volume between 2024 and 2025.

Trade Volume Growth: Russia-Azerbaijan Trade Soars by 40% in 2025

The trade volume between Russia and Azerbaijan has been growing steadily over the past few years, with both countries benefiting from the strong economic ties. In the last 5 years, the trade between Russia and Azerbaijan has been increasing consistently. In 2020, the trade volume reached $2.5 billion, and in 2024, the total trade turnover between Russia and Azerbaijan reached around $4.79 billion, reflecting a 10.1% increase compared to the previous year.

From January to April 2025, trade activities between Azerbaijan and Russia amounted to $1.8 billion. Data reports from the State Customs Committee show that this represents an increase of around $515 million, or 39.4%, in 2025, as compared to the previous year. In the first four months of 2025, Azerbaijan’s trade turnover with Russia skyrocketed by nearly 40 percent, driven mainly by a marked increase in goods imports from Russia. Although exports to Russia experienced a slight decline, shipments of non-oil products performed well, keeping Russia a significant player in Azerbaijan’s trade activities.

Top 10 Russia Exports to Azerbaijan: Russia-Azerbaijan Export Trade

The top 10 Russia exports to Azerbaijan play a significant role in shaping the Russia-Azerbaijan trade relations. Key exports from Russia to Azerbaijan include petroleum oils, mineral fuels, machinery, vehicles, iron, and steel products, among others. These export commodities not only strengthen economic ties between the two countries but also contribute to the growth and sustainability of both nations' economies. The major goods that Russia exports to Azerbaijan, as per the Russia customs data and trade data on Russia exports by country for 2024, include:

Vehicles and Parts (HS code 87): $435 million

One of the largest export categories from Russia to Azerbaijan is vehicles and parts, with a total value of $435 million, accounting for 12.0% of the total exports, as per the customs data on Russia vehicle exports to Azerbaijan. This includes automobiles, trucks, and various vehicle components.

Mineral Fuels and Oils (HS code 27): $417 million

Mineral fuels and oils are another significant export category, with a total value of $417 million, making up 11.5% of Russia's exports to Azerbaijan. This category includes petroleum oils, natural gas, and other related products.

Machinery and Equipment (HS code 84): $399 million

Machinery and equipment exports from Russia to Azerbaijan total $399 million, representing 11.0% of the total exports, as per the data on Russia machinery exports to Azerbaijan. This category includes industrial machinery, electrical equipment, and other types of machinery.

Electrical Machinery and Equipment (HS code 85): $323 million

Russia also exports a significant amount of electrical machinery and equipment to Azerbaijan, with a total value of $323 million, accounting for 8.9% of the total exports. This category includes items such as electrical transformers, generators, and electrical parts.

Iron and Steel Articles (HS code 73): $138 million

Iron and steel articles are another important export category, with a total value of $138 million, representing 3.8% of Russia's exports to Azerbaijan. This category includes items like iron and steel pipes, tubes, and structures.

Pharmaceutical Products (HS code 30): $124 million

Russia exports pharmaceutical products to Azerbaijan with a total value of $124 million, making up 3.4% of the total exports. This category includes a variety of medications, vaccines, and other pharmaceutical items.

Commodities not elsewhere specified (HS code 99): $116 million

Commodities not specified according to kind are also exported from Russia to Azerbaijan, with a total value of $116 million, representing 3.2% of the total exports. This category includes various products that do not fall into specific HS code categories.

Plastics and Articles Thereof (HS code 39): $112 million

Plastics and articles thereof are among the export categories from Russia to Azerbaijan, with a total value of $112 million, making up 3.1% of the total exports. This category includes plastic products, packaging materials, and other plastic items.

Iron and Steel (HS code 72): $98 million

In addition to iron and steel articles, Russia also exports iron and steel products to Azerbaijan, with a total value of $98 million, representing 2.7% of the total exports. This category includes iron and steel bars, rods, and wire products.

Wood and Articles of Wood (HS code 44): $84 million

Lastly, Russia exports wood and articles of wood to Azerbaijan with a total value of $84 million, accounting for 2.3% of the total exports. This category includes lumber, plywood, and various wood products.

Russia Exports to Azerbaijan in the Last 10 Years: Historical Russia-Azerbaijan Trade Data

russia-exports-to-azerbaijan-trade-growth-2024-25

Year of Exports	Russia Exports to Azerbaijan ($)
2014	$2.14 billion
2015	$2.24 billion
2016	$1.50 billion
2017	$1.93 billion
2018	$1.71 billion
2019	$2.31 billion
2020	$2.07 billion
2021	$2.32 billion
2022	$2.74 billion
2023	$3.16 billion
2024	$3.62 billion

Factors Driving Trade Volume Growth

Several factors are driving the growth in trade volume between Russia and Azerbaijan. One of the key factors is the close geographic proximity of the two countries, which makes trade between them more accessible and cost-effective. Additionally, the strong diplomatic relations between Russia and Azerbaijan have created a favorable environment for trade.

2024: A Record Year for Russia-Azerbaijan Trade

Russia and Azerbaijan achieved a 10.1% increase in trade turnover in 2024, reaching $4.8 billion, up from $4.36 billion in 2023. This growth was fueled largely by a sharp increase in Russia's exports to Azerbaijan.

Metric	2023	2024	Change
Total Trade Turnover	$4.36 billion	$4.80 billion	+10.1%
Russia’s Exports to Azerbaijan	$3.16 billion	$3.62 billion	+14.5%
Azerbaijan’s Exports to Russia	$1.20 billion	$1.18 billion	−1.5%

Russia remains Azerbaijan’s top non-oil trade partner, accounting for nearly 35% of Azerbaijan’s non-oil exports.

What Russia Exports to Azerbaijan?

In 2024-25, Russia’s exports to Azerbaijan surged across multiple sectors, led by agriculture, energy, chemicals, and machinery.

Top Russian Export Categories:

Agricultural products – $720 million
Chemical products – fertilizers, polymers
Energy – refined petroleum and derivatives
Timber & wood products

This steady supply of food and energy underlines Russia’s role in ensuring food security and industrial inputs for Azerbaijan.

Azerbaijan’s Key Exports to Russia

Although slightly down overall, Azerbaijan’s non-oil exports to Russia rose in value.

Top Products:

Tomatoes – 141,800 tons worth $168.7 million
Iodine – 6.6 tons worth $396,000 (up by 88.5% in volume)

Azerbaijan continues to supply Russia with high-quality produce and niche pharmaceutical materials, reinforcing its position in food and chemical niches.

Russia-Azerbaijan Key Trade Agreements & Relations:

Free Trade Agreement (1992) – removes tariffs and barriers on most goods
Declaration on Allied Cooperation (2022) – expands economic & security ties
Visa-Free Regime (since 2010) – facilitates business and tourism
North-South International Transport Corridor – links India to Russia via Azerbaijan
Regional Cooperation – over 70 Russian regions have direct trade pacts with Azerbaijan

Conclusion

In conclusion, the trade volume between Russia and Azerbaijan is expected to continue to grow in the coming years, driven by a range of factors including close geographic proximity, strong diplomatic relations, and opportunities for further expansion. This growth presents exciting opportunities for both countries to strengthen their economic ties and deepen their cooperation in various sectors.

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