Nakhchivan trade up 67% in 9M 2026 as deficit surges 47-fold

Nakhchivan Autonomous Republic registered $155.7 million in foreign trade turnover in January–September 2026, marking a 67.3% year-on-year increase, according to the regional State Statistics Committee.

The trade breakdown reflects widening external imbalances: exports slumped 53.9% year-on-year to $28.4 million, while imports surged 2.8-fold to $127.3 million. Consequently, Nakhchivan recorded a trade deficit of $98.9 million, expanding nearly 47-fold compared to the prior-year period.

On the domestic front, retail trade turnover rose 2.6% over the nine months to 1.137 billion manats ($668.6 million), with food, beverage, and tobacco purchases totaling 586.5 million manats and non-food goods accounting for 550.2 million manats.