Azerbaijan recorded a trade surplus of 7575310 USD Thousand in the second quarter of 2022. source: Central Bank of the Republic of Azerbaijan

Balance of Trade in Azerbaijan averaged 2344225.15 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 December 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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Azerbaijan Balance of Trade

Related Last Previous Unit Reference
Balance of Trade 7575310.00 5447063.90 USD Thousand Jun 2022
Current Account 6378.10 3952.80 USD Million Jun 2022
Exports 10777524.00 8124292.00 USD Thousand Jun 2022
Imports 3202214.00 2677229.00 USD Thousand Jun 2022
Capital Flows 4102.70 1195.30 USD Million Jun 2022
Foreign Direct Investment 1406.00 1814.00 USD Million Jun 2022
Remittances 1215.20 88.40 USD Million Jun 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
7575310.00 5447063.90 8201764.00 -306551.00 1998 - 2022 USD Thousand Quarterly