Azerbaijan recorded a trade surplus of 2506266 USD Thousand in the fourth quarter of 2018. Balance of Trade in Azerbaijan averaged 2338655.44 USD Thousand from 1998 until 2018, reaching an all time high of 8201764 USD Thousand in the second quarter of 2008 and a record low of -306551 USD Thousand in the fourth quarter of 1998.

Balance of Trade in Azerbaijan is expected to be 2172500.00 USD Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Azerbaijan to stand at 2419000.00 in 12 months time. In the long-term, the Azerbaijan Balance of Trade is projected to trend around 2108900.00 USD Thousand in 2020, according to our econometric models.

Azerbaijan Balance of Trade
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Azerbaijan Trade Last Previous Highest Lowest Unit
Balance of Trade 2506266.00 2316121.00 8201764.00 -306551.00 USD Thousand [+]
Current Account 963.00 1565.00 6029.00 -738.00 USD Million [+]
Current Account to GDP 7.90 5.50 35.30 -31.90 percent [+]
Imports 3058779.00 2994870.00 3120490.00 312012.00 USD Thousand [+]
Exports 5565045.00 5310991.00 9996038.00 129728.00 USD Thousand [+]
Capital Flows 727.00 675.00 4414.00 -2980.00 USD Million [+]
Crude Oil Production 801.00 788.00 1072.00 168.00 BBL/D/1K [+]
Gold Reserves 0.00 0.00 30.20 0.00 Tonnes [+]
Foreign Direct Investment 1176.00 880.00 2231.00 586.00 USD Million [+]
External Debt 15253903.00 15016290.00 15253903.00 35540.00 USD Thousand [+]
Terrorism Index 0.96 1.15 2.93 0.09 [+]
Tourist Arrivals 13455.00 8949.00 23440.00 2009.00 [+]
Remittances 176.00 184.00 286.08 -170.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Azerbaijan Balance of Trade

Oil and natural gas account for around 95 percent of Azerbaijan’s total exports. As a result, the country consistently runs trade surpluses. In recent years, Azerbaijan’s trade relations have been shifting away from Russia and towards the European Union. Azerbaijan’s main trading partners are Italy, the United Kingdom, the United States, Turkey, Israel, France, Indonesia, Russia, Germany and India. This page provides the latest reported value for - Azerbaijan Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Azerbaijan Balance of Trade - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2506266.00 2316121.00 8201764.00 -306551.00 1998 - 2018 USD Thousand Quarterly




Country Last Previous
Argentina 1183.00 Mar/19
Australia 4949.00 Mar/19
Brazil 6060.00 Apr/19
Canada -3211.20 Mar/19
China 138.39 Apr/19
Euro Area 22532.90 Mar/19
France -5324.00 Mar/19
Germany 22683.00 Mar/19
India -15330.00 Apr/19
Indonesia -2501.90 Apr/19
Italy 4625.00 Mar/19
Japan 60.40 Apr/19
Mexico 1429.00 Mar/19
Netherlands 5330.00 Mar/19
Russia 15537.00 Mar/19
Saudi Arabia 180059.00 Dec/18
Singapore 2782.79 Apr/19
South Africa 5004.63 Mar/19
South Korea 4120.00 Apr/19
Spain -2352600.00 Mar/19
Switzerland 2494.00 Mar/19
Turkey -2136.73 Mar/19
United Kingdom -5408.00 Mar/19
United States -50000.00 Mar/19


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