Azerbaijan-Uzbekistan trade surges threefold, President Aliyev says

Trade and economic cooperation between Azerbaijan and Uzbekistan have expanded rapidly in recent years, with bilateral trade more than tripling in 2025, President Ilham Aliyev said.

“Our trade and economic cooperation have developed rapidly in recent years. In 2025, the volume of trade turnover between Azerbaijan and Uzbekistan increased more than threefold compared to the previous year and reached USD 795 million,” Aliyev said in an interview with the Uzbekistan National News Agency, AZERTAC reports.

“This is an excellent indicator. In addition, in January–May 2026, trade turnover grew by 33 percent compared to the same period of the previous year and amounted to USD 144 million,” he added.

In an interview, Aliyev also praised economic opportunities offered by Azerbaijan and Uzbekistan.

“The economic opportunities offered by Azerbaijan and Uzbekistan complement each other, opening up broad horizons for creating new formats of cooperation. We support more active participation of Azerbaijani companies in Uzbekistan and Uzbek companies in Azerbaijan, as well as an increase in the number of joint production and investment projects.”

On investment projects in Uzbekistan, the Azerbaijani leader said: 

“Azerbaijan is also implementing investment projects in Uzbekistan, including the hotel and residential complex under the Ritz-Carlton brand being built by PASHA Holding in Tashkent, as well as the large tourism and residential complex project ‘Sea Breeze Uzbekistan’ in the Tashkent region."

By Vafa Guliyeva