US corporations expand footprint in Azerbaijan as trade nears $1.8 billion

Despite the growing political and strategic dialogue, trade figures indicate that Azerbaijan–US trade remains asymmetric and concentrated. According to the Observatory of Economic Complexity (OEC), Azerbaijan exported a total of $27.2 billion in 2024, ranking 71st globally. Exports to the United States totaled $74.9 million, dominated by aluminum plating ($31.7 million), explosive ammunition ($8.13 million), petroleum resins ($6.51 million), ferroalloys ($6.79 million), and diamonds ($2.51 million).