Azerbaijan recorded a trade surplus of 2605062 USD Thousand in the second quarter of 2018. Balance of Trade in Azerbaijan averaged 2345146.93 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 2214500.00 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 2407500.00 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 2605062.00 2512400.00 8201764.00 -306551.00 USD Thousand [+]
Current Account 1967.00 1556.00 6029.00 -738.00 USD Million [+]
Current Account to GDP 5.60 -3.20 35.30 -31.90 percent [+]
Imports 2733003.00 2191100.00 3120490.00 312012.00 USD Thousand [+]
Exports 5338065.00 4703500.00 9996038.00 129728.00 USD Thousand [+]
Capital Flows 1326.00 463.00 4414.00 -2980.00 USD Million [+]
Crude Oil Production 797.00 794.00 1072.00 168.00 BBL/D/1K [+]
Gold Reserves 0.00 0.00 30.20 0.00 Tonnes [+]
Foreign Direct Investment 1036.00 1018.00 2231.00 586.00 USD Million [+]
External Debt 15253903.00 15016290.00 15253903.00 35540.00 USD Thousand [+]
Terrorism Index 1.15 0.35 2.93 0.09 [+]
Tourist Arrivals 13455.00 8949.00 23440.00 2009.00 [+]
Remittances 199.00 159.00 286.08 -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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2605062.00 2512400.00 8201764.00 -306551.00 1998 - 2018 USD Thousand Quarterly




Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13141.70 Sep/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -16670.00 Nov/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4850.00 Oct/18
Russia 19697.00 Oct/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18


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