Azerbaijan's non-oil exports surge nearly 15% in Q1 amid diversification push


BAKU, April 8 (Xinhua) -- Azerbaijan's non-oil exports rose 14.7% year-on-year in the first quarter of 2025 to $771.9 million, as the government's efforts to diversify the economy beyond hydrocarbons gained further traction, the Center for Analysis of Economic Reforms and Communication said on Tuesday.

Exports of food products reached $224.7 million, up 15.1% from a year earlier, while total exports of agricultural and agro-industrial goods increased 11.6% to $239.6 million.

Significant growth was also recorded in several industrial sectors. Exports of precious and semi-precious metals rose more than threefold, ferrous metal shipments jumped 76.8%, and chemical exports climbed 33.4%. Fruit and vegetable exports expanded by 15.7%.

Azerbaijan has intensified its economic diversification strategy in recent years, investing heavily in logistics infrastructure, agriculture, and non-oil manufacturing under its "Socio-Economic Development Strategy for 2022-2026." The program aims to reduce reliance on oil and gas, which still account for the bulk of export revenues, by fostering private sector growth and expanding access to global markets.

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