Azerbaijan recorded a trade surplus of 348851 USD Thousand in the second quarter of 2019. Balance of Trade in Azerbaijan averaged 2317233.22 USD Thousand from 1998 until 2019, 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 2407500.00 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 348851.00 2486149.50 8201764.00 -306551.00 USD Thousand [+]
Current Account 1603.00 963.00 6029.00 -738.00 USD Million [+]
Current Account to GDP 7.90 5.50 35.30 -31.90 percent [+]
Imports 4754916.00 2260684.90 4754916.00 312012.00 USD Thousand [+]
Exports 5103166.00 4746834.40 9996038.00 129728.00 USD Thousand [+]
Capital Flows 213.00 727.00 4414.00 -2980.00 USD Million [+]
Crude Oil Production 784.00 769.00 1072.00 168.00 BBL/D/1K [+]
Gold Reserves 0.00 0.00 30.20 0.00 Tonnes [+]
Foreign Direct Investment 809.00 1176.00 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 126.00 176.00 286.08 -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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
348851.00 2486149.50 8201764.00 -306551.00 1998 - 2019 USD Thousand Quarterly




Country Last Previous
Argentina 951.00 Jul/19
Australia 7268.00 Jul/19
Brazil 3280.00 Aug/19
Canada -1124.40 Jul/19
China 348.30 Aug/19
Euro Area 24789.70 Jul/19
France -4607.00 Jul/19
Germany 21449.00 Jul/19
India -13450.00 Aug/19
Indonesia 85.10 Aug/19
Italy 5728.50 Jun/19
Japan -249.59 Jul/19
Mexico -1117.00 Jul/19
Netherlands 4127.00 Jul/19
Russia 11224.00 Jul/19
Saudi Arabia 131636.00 Mar/19
Singapore 3787.80 Aug/19
South Africa -2880.82 Jul/19
South Korea 1723.00 Aug/19
Spain -1532700.00 Jun/19
Switzerland 2671.16 Jul/19
Turkey -3191.93 Jul/19
United Kingdom -219.00 Jul/19
United States -53989.00 Jul/19


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