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Azerbaijan – Trade Statistics

  • Azerbaijan is the 70th largest export economy in the world and the 108th most complex economy according to the Economic Complexity Index (ECI).
  • In 2014, Azerbaijan exported $25.7B and imported $13.9B, resulting in a positive trade balance of $11.8B. In 2014 the GDP of Azerbaijan was $75.2B and its GDP per capita was $17.5k.
  • The top exports of Azerbaijan are Crude Petroleum ($22.4B), Refined Petroleum ($1.16B), Petroleum Gas ($374M), Raw Sugar ($222M) and Ethylene Polymers ($118M), using the 1992 revision of the HS (Harmonized System) classification.
  • Its top imports are Cars ($884M), Gold ($459M), Wheat ($390M), Rolled Tobacco ($318M) and Packaged Medicaments ($275M).
  • The top export destinations of Azerbaijan are Italy ($6.52B), Germany ($2.37B), Indonesia ($2.05B), Israel ($1.77B) and France ($1.58B).
  • The top import origins are Turkey ($2.41B), Russia ($2.08B), the United Kingdom ($1.04B), Germany ($1.02B) and China ($759M).
  • Azerbaijan holds a place of 63rd out of 189 popular countries(economically) in case of doing a business in country.’Getting Credit’ is one of the topics in which Azerbaijan has decreased it’s ranking from 105 to 109. But the country has increased it’s ranking from 11 to 7 in case of ‘Starting a Business’.