Azerbaijan's ferrous metal exports rise 23.5% to $66.5 million

Azerbaijan exported 59,600 tons of ferrous metals and products made from them worth $66.5 million in January-July 2026, Report informs, citing the State Customs Committee.

The value of these exports increased by $12.7 million, or 23.5%, while the volume rose by 8,100 tons, or 15.7%, compared with the same period last year.

During the reporting period, ferrous metals and related products accounted for 1.1% of Azerbaijan's non-oil and gas exports and 0.3% of the country's total exports.

In the first seven months of the year, Azerbaijan conducted trade operations with foreign countries worth $29.22 billion, up 1.3% year-on-year. Exports accounted for $19.34 billion of the total, while imports stood at $9.88 billion.

Over the past year, exports increased by 27%, while imports declined by 27.4%. As a result, Azerbaijan recorded a positive foreign trade balance of $9.46 billion, 5.9 times higher than a year earlier.