Azerbaijan current account surplus narrows in Jan–Sept 2025

Azerbaijan’s current account surplus narrowed to $3.0 billion, or 5.4% of gross domestic product (GDP), in the first nine months of 2025, down from $4.0 billion in the same period last year, official data showed.

The oil and gas sector posted a surplus of $10.7 billion, down 3.7% year-on-year, while the deficit in the non-oil sector widened 7.5% to $7.7 billion.

Azerbaijan recorded a $5.6 billion surplus in its foreign trade balance over the period, with a $14.0 billion surplus in the oil and gas sector offsetting an $8.4 billion deficit in the non-oil sector. Total trade turnover reached $30.8 billion.

Exports fell 20.1% year-on-year to $18.2 billion, while imports rose 5.6% to $12.6 billion.

Oil and gas exports declined 7.5% to $15.7 billion, while imports in the sector dropped 7.2% to $1.7 billion. Non-oil exports rose 3.3% to $2.5 billion, while non-oil imports increased 6.1% to $10.9 billion.

The services deficit narrowed 20.1% to $1.36 billion, while the primary income deficit shrank 12.8% to $1.7 billion. The secondary income balance posted a surplus of $468 million.

Azerbaijan traded with 179 countries during the period, with CIS members accounting for 12.1% of total trade and other countries for 87.9%.

N.Tebrizli