Baku:AzerGold’s export revenues have seen a significant increase of over 31% in the first nine months of 2026. Gold, excluding non-monetary gold, led the list of Azerbaijan’s non-oil exports, generating $313.1 million in revenue, marking a 31.6% year-on-year growth.
According to Azerbaijan State News Agency, the October edition of the “Export Review” by the Center for Analysis of Economic Reforms and Communication (CAERC) highlighted that copper ores and concentrates were the second-largest non-oil export, earning $213.5 million, followed by tomatoes with $172.3 million.
In September alone, gold continued to dominate non-oil exports, bringing in $41.9 million. Copper ores and concentrates secured the second spot with $29.8 million, while mineral or chemical nitrogen fertilizers were third, generating $21.6 million.
From January to September, Azerbaijan’s main markets for non-oil exports were the Russian Federation with $881.4 million, Türkiye with $475.2 million, Georgia with $443 million, Switzerland with $327.9 million, and Ukraine with $121.2 million. In September, exports to the Russian Federation amounted to $67.2 million, Georgia $56.5 million, Switzerland $43.5 million, Türkiye $40.2 million, and the United Arab Emirates $29.8 million.