Azerbaijan recorded a trade surplus of 1970059 USD Thousand in the second quarter of 2021. source: Central Bank of the Republic of Azerbaijan

Balance of Trade in Azerbaijan averaged 2222946.55 USD Thousand from 1998 until 2021, 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. 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 - values, historical data and charts - was last updated on November of 2021.

Balance of Trade in Azerbaijan is expected to be 2108900.00 USD Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Azerbaijan Balance of Trade is projected to trend around 2108900.00 USD Thousand in 2022, according to our econometric models.

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Azerbaijan Balance of Trade

Related Last Previous Unit Reference
Balance of Trade 1970059.00 1548839.00 USD Thousand Jun/21
Current Account 1251.00 628.00 USD Million Jun/21
Imports 2542099.00 2291785.00 USD Thousand Jun/21
Exports 4512158.00 3840624.00 USD Thousand Jun/21
Capital Flows 588.00 -15.00 USD Million Jun/21
Remittances 131.00 105.00 USD Million Jun/21
Foreign Direct Investment 1235.00 1400.00 USD Million Jun/21
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.