The visit of German President Frank-Walter Steinmeier to Baku is taking place against the backdrop of growing political and economic cooperation between Azerbaijan and Germany.
In recent years, the two countries have demonstrated a strong desire to deepen their collaboration in key areas such as energy, transport, investment, and trade.
For instance, trade turnover between Azerbaijan and Germany has shown steady growth. In January-February 2025, the volume of trade between the two countries reached $485.4 million, an increase of $315.1 million (2.8 times) compared to the same period in 2024. Today, Germany ranks fifth among Baku’s largest economic partners.
One of the main areas of cooperation is energy. Germany, seeking to diversify its energy resource supplies, is increasingly interested in projects where Azerbaijan plays a leading role.
In January-February 2025, Azerbaijan exported 500,000 tons of oil and petroleum products to Germany, worth $276.5 million. Compared to the same period in 2024, this represents a significant increase: 5.3 times in value and 6.1 times in volume. During this period, Germany ranked second among the countries to which Azerbaijan exported the largest volume of oil.
Azerbaijan is already an important supplier of natural gas to Europe through the Southern Gas Corridor. At the same time, Baku is actively investing in expanding export routes and offering Germany promising opportunities for cooperation in green energy, including wind and solar energy projects.
