BAKU, Azerbaijan, August 28. The Space Agency
of the Republic of Azerbaijan (Azercosmos) exported satellite
telecommunications services worth $15.2 million to around 95
companies in 35 countries in the period from January through July
2026.
According to the August 2026 edition of the Export Review
published by the Center for Analysis of Economic Reforms and
Communication (CAERC), the figure increased by 5.1 million manat
($3 million), or 50.5%, compared with the same period last
year.
Revenue from exports of services accounted for 62% of
Azercosmos’ total revenue during the reporting period.
The top five destinations for Azerbaijan’s satellite
telecommunications service exports included the UK with $2.5
million, Luxembourg with $1.9 million, Türkiye with $730,300,
Pakistan with $669,300, and Egypt with $382,500.
Meanwhile, Azerbaijan’s non-oil exports, excluding non-monetary
gold, increased by 18.3% year-on-year to $2.5 billion in
January-July 2026.
Azercosmos, the Space Agency of the Republic of
Azerbaijan, was established in 2010 as the first satellite operator
in the Caucasus region. It operates the country’s national
satellite fleet, including the telecommunications satellites
Azerspace-1 (launched 2013) and Azerspace-2 (2018), as well as
Earth-observation capabilities. The agency provides connectivity
and related services to clients across Europe, Africa, the Middle
East and Central Asia, with export revenues consistently forming
the majority of its income in recent years.
