BAKU, Azerbaijan, April 11. The trade transactions between Azerbaijan and Serbia hit the ground running, racking up a total of $47.9 million from January through February 2025.
The data obtained by Trend from the Azerbaijani State Customs Committee indicates this figure's year-on-year growth by $43.2 million (10.2 times).
In the specified reporting interval, the trade volume with Serbia constituted 0.54 percent of the aggregate trade turnover of Azerbaijan.
The export metrics from Azerbaijan to Serbia reached a valuation of $46.5 million in the initial bi-monthly phase of this fiscal year, reflecting an increase of $43.9 million, which translates to a growth rate of 17.9 percent relative to the corresponding timeframe of the previous year.
In the interim, Azerbaijan executed import operations totaling $1.4 million from Serbia within the specified reporting timeframe, reflecting a year-over-year escalation of $1.1 million, equivalent to a 50.3 percent uptick.
The volume of foreign trade turnover of Azerbaijan amounted to $8.9 billion in the period from January through February of the current year, which is $1.7 billion, or 23.2 percent, more than in the same period last year.
In the reporting period, $4.8 billion of the trade turnover falls on the share of exports and $4.1 billion on the share of imports, which is $13 million, or 0.3 percent less, and $1.7 billion, or 69.2 percent more, respectively, in annual terms.
During the designated reporting interval, the foreign trade surplus registered at $628 million, reflecting a decrement of $1.7 billion, equating to a contraction of 3.7 times relative to the preceding fiscal year.