---
title: 'Turkmenistan-Azerbaijan Trade Nears $400 Million in 2024'
url: 'https://thediplomaticinsight.com/turkmenistan-azerbaijan-trade-nears-400-million-in-2024/'
author: 'Web Desk'
date: '2025-02-06T22:22:38+05:00'
categories:
  - 'Asia'
  - 'Diplomatic News'
  - 'Eurasia'
  - 'News'
  - 'World'
---

# Turkmenistan-Azerbaijan Trade Nears $400 Million in 2024

**Ashgabat, (TDI):** Turkmenistan and Azerbaijan have experienced a notable rise in bilateral trade in 2024, with total trade turnover approaching $400 million, according to Turkmenistan’s official media.

Data from Azerbaijan’s State Customs Committee reveals that Turkmenistan’s exports to Azerbaijan reached $303.47 million, while Azerbaijan’s exports to Turkmenistan totaled $80.24 million, bringing the overall trade volume to $383.9 million.

For comparison, Azerbaijan’s total foreign trade turnover in 2024 stood at $47.6 billion, including $26.55 billion in exports and $21.05 billion in imports. The consistent increase in trade between the two Caspian nations highlights the potential for stronger economic collaboration.

In 2023, trade between Turkmenistan and Azerbaijan surged by 73%, hitting $738.9 million—an all-time high in their economic partnership.