Azerbaijan's gold exports surge 30-fold in first half of 2026

Azerbaijan exported 23,799 kilograms of gold worth $3.64 billion during the first half of 2026, marking a sharp increase compared with the same period a year earlier, according to Report's calculations based on data from the State Statistical Committee.

In value terms, gold exports rose 30-fold year-on-year, while export volumes increased 13.6 times.

The United Kingdom was the largest destination, importing 21,902 kilograms of gold worth $3.47 billion. Switzerland purchased 1,897.8 kilograms valued at $167.7 million, with the value of exports to the country rising 38.3% from a year earlier.

During the January-June period, Azerbaijan imported 89.2 kilograms of gold worth $14.9 million.

Imports included 70.1 kilograms from Türkiye valued at $12.04 million, 19 kilograms from Switzerland worth $2.79 million, and 4,149 kilograms from the United Arab Emirates valued at $508.3 million. No gold imports from the UAE were recorded in the same period last year.

In the first half of 2025, Azerbaijan exported gold only to Switzerland, shipping 4,522 kilograms worth $326.2 million, representing annual increases of 6% in volume and 54% in value.