BAKU, Aug 01 — The State Oil Company of Azerbaijan Republic (SOCAR) continues to lead the country’s non-oil exports among state-owned enterprises, with its Marketing and Economic Operations Department exporting $211.6 million worth of goods in the first half of 2025.
The data, published in the July edition of the “Export Review” by the Center for Analysis of Economic Reforms and Communication, highlights the top 10 state enterprises contributing to Azerbaijan’s export diversification.
Here is the full ranking for January–June 2025:
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SOCAR Marketing & Economic Operations Department – $211.6 million
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SOCAR Polymer LLC – $129 million
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AzerGold CJSC – $100.3 million
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Azeraluminium LLC – $67 million
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SOCAR Gas Export Department – $34.5 million
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Azərpambıq Agrarian Industrial Complex LLC – $19.4 million
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SOCAR-Dalğıc LLC – $1.9 million
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Azerbaijan Railways CJSC – $1.5 million
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Istisu Mineral Water Plant LLC – $562,400
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State Energy Service of Nakhchivan AR – $423,100
The report underscores SOCAR’s central role not only in the oil and gas industry but also in Azerbaijan’s broader non-oil export strategy, as the country ramps up efforts to diversify its economy.
