Azerbaijan Balance of Trade2022 Data - 2023 Forecast - 1998-2021 Historical - Chart

Name: Azerbaijan Balance of Trade
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Azerbaijan,Balance of Trade,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Azerbaijan recorded a trade surplus of 6406225 USD Thousand in the first quarter of 2022. source: Central Bank of the Republic of Azerbaijan

Balance of Trade in Azerbaijan averaged 2300184.70 USD Thousand from 1998 until 2022, 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 July of 2022.

Balance of Trade in Azerbaijan is expected to be 7500000.00 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 7500000.00 USD Thousand in 2023, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Balance of Trade	6406225.00	4867388.00	USD Thousand	Mar 2022
Current Account	4352.20	2061.00	USD Million	Dec 2021
Imports	7486654.00	2932014.00	USD Thousand	Mar 2022
Exports	13892879.00	7799402.00	USD Thousand	Mar 2022
Capital Flows	3596.40	879.00	USD Million	Dec 2021
Remittances	101.40	135.00	USD Million	Dec 2021
Foreign Direct Investment	1131.27	1029.00	USD Million	Dec 2021

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.