Azerbaijan recorded a trade surplus of 6181320.80 USD Thousand in the fourth quarter of 2022. source: Central Bank of the Republic of Azerbaijan

Balance of Trade in Azerbaijan averaged 2440710.60 USD Thousand from 1998 until 2022, reaching an all time high of 8201764.00 USD Thousand in the second quarter of 2008 and a record low of -306551.00 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 June of 2023.

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Azerbaijan Balance of Trade

Related Last Previous Unit Reference
Balance of Trade 6181320.80 8155674.00 USD Thousand Dec 2022
Current Account 5767.50 7379.80 USD Million Dec 2022
Imports 3974672.40 3655101.00 USD Thousand Dec 2022
Exports 10155993.20 11810775.00 USD Thousand Dec 2022
Capital Flows 2887.90 4299.30 USD Million Dec 2022
Remittances 697.60 954.10 USD Million Dec 2022
Foreign Direct Investment 1698.00 1357.00 USD Million Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
6181320.80 8155674.00 8201764.00 -306551.00 1998 - 2022 USD Thousand Quarterly