Azerbaijan And Germany Agree To Strengthen Economic Cooperation
On September 17, Azerbaijani and German companies agreed to strengthen cooperation through joint investment projects, the exchange of expertise in the digital economy, and expanded collaboration in agriculture, transport, logistics, and other sectors.
The discussions were held during the 10th meeting of the Azerbaijan-Germany High-Level Working Group on Trade and Investment. The Azerbaijani delegation was led by Samad Bashirli, the Deputy Minister of Economy, while the German side was headed by Ralf Bohme, Director of External Economic Policy at Germany's Federal Ministry for Economic Affairs and Climate Action.
Both delegations highlighted the success of existing bilateral economic cooperation, noting that Germany ranked among the top 10 foreign investors in Azerbaijan’s non-oil and gas sectors. Around 200 German companies currently operate in Azerbaijan in industries including construction, transport, agriculture, trade, and services. The meeting also addressed German participation in Azerbaijan’s industrial parks and the Alat Free Economic Zone, as well as ways to enhance transport cooperation.
Presentations covered Azerbaijan’s economic reforms, macroeconomic stability, and the country’s growing transit role along the Middle Corridor. It was underlined that Azerbaijan supports foreign-invested enterprises and is working to localize production. The parties also discussed opportunities for cooperation in energy, food security, tourism, education, healthcare, and other areas.
Moreover, from January to August 2025, Azerbaijan exported just over 841,915 tons of crude oil to Germany, valued at $445.3 million. The export volume increased by 36.1% compared to the same period in 2024, while the value rose by 9.6%. Crude oil shipments to Germany accounted for 5.29% of Azerbaijan’s total oil exports during this period.
Customs data show that Azerbaijan exported more than 15.924 million tons of crude oil and related products from bituminous rocks, valued at just over $8.396 billion, in the first eight months of 2025. Overall, the country conducted foreign trade operations totaling $32.118 billion, with $17.065 billion in exports and $15.053 billion in imports.
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