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Azerbaijan trade in 2024

In 2024, Azerbaijan exported $26.4 billion and imported $23.1 billion, a trade surplus of $3.3 billion. It was the world's 72nd-largest exporter, with 0.12% of world exports. Its top export was crude petroleum (51.8% of the total) and its main trading partner was Italy (18.5% of its trade).

Summary

Exports
$26.4billion
Imports
$23.1billion
Trade balance
+$3.3billion
Routes to the main partners. Width: trade value; color: estimated transport mode.SeaAirLand
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Products

What it exports

Crude petroleum (51.8%) and natural gas and LPG (29%) together make up 80.8% of its exports.

  1. Crude petroleum$13.7 billion · 51.8%
    Main partner: Italy
  2. Natural gas and LPG$7.7 billion · 29%
    Main partner: Italy
  3. Refined petroleum$1.2 billion · 4.5%
    Main partner: Turkey
  4. Military weapons$322 million · 1.2%
    Main partner: Nigeria
  5. Gold$220 million · 0.83%
    Main partner: Switzerland
  6. Raw cotton$186 million · 0.71%
    Main partner: Turkey
  7. Nitrogen fertilizers$184 million · 0.69%
    Main partner: Ukraine
  8. Other fresh fruit (berries, kiwi)$177 million · 0.67%
    Main partner: Russia
  9. Tomatoes$176 million · 0.67%
    Main partner: Russia
  10. Cars$173 million · 0.65%
    Main partner: Kazakhstan

What it imports

Gold (16.6%) and cars (8.4%) together make up 25% of its imports.

  1. Gold$3.9 billion · 16.6%
    Main partner: Australia
  2. Cars$1.9 billion · 8.4%
    Main partner: China
  3. Crude petroleum$1.1 billion · 4.7%
    Main partner: Russia
  4. Refined petroleum$714 million · 3.1%
    Main partner: Russia
  5. Cameras and broadcast equipment$637 million · 2.8%
    Main partner: China
  6. Medicines in measured doses or retail packs$439 million · 1.9%
    Main partner: Turkey
  7. Wheat$283 million · 1.2%
    Main partner: Russia
  8. Computers$200 million · 0.86%
    Main partner: China
  9. Turbojets and gas turbines$189 million · 0.82%
    Main partner: United States
  10. Sawn wood$180 million · 0.78%
    Main partner: Belarus
By Harmonized System chapter (96)
ChapterExportsImports
27 · Oil, gas and coal$22.7 billion$1.9 billion
08 · Fruit and nuts$505 million$162 million
39 · Plastics$373 million$581 million
93 · Weapons and ammunition$331 million$62 million
76 · Aluminum$241 million$312 million
52 · Cotton$230 million$10 million
71 · Gems and precious metals$226 million$3.9 billion
07 · Vegetables$214 million$84 million
87 · Vehicles$190 million$2.6 billion
31 · Fertilizers$184 million$72 million
29 · Organic chemicals$148 million$66 million
25 · Salt, stone and cement$98 million$37 million
04 · Dairy, eggs and honey$98 million$240 million
72 · Iron and steel$92 million$569 million
84 · Mechanical machinery$85 million$2.4 billion
22 · Beverages and spirits$70 million$110 million
24 · Tobacco$61 million$179 million
85 · Electrical and electronic equipment$49 million$1.8 billion
73 · Iron and steel products$45 million$650 million
74 · Copper$40 million$50 million
17 · Sugar and sweets$39 million$150 million
20 · Preserved fruit and vegetables$38 million$77 million
38 · Miscellaneous chemicals$32 million$215 million
15 · Fats and oils$30 million$229 million
63 · Home textiles and used clothing$25 million$60 million
90 · Precision and medical instruments$21 million$414 million
70 · Glass$20 million$114 million
83 · Miscellaneous metal goods$19 million$101 million
78 · Lead$17 million$815 thousand
28 · Inorganic chemicals$16 million$139 million
41 · Hides and leather$14 million$407 thousand
12 · Oilseeds and grains$14 million$60 million
19 · Baked goods and cereal products$13 million$216 million
18 · Cocoa and chocolate$12 million$133 million
68 · Stone, plaster and cement articles$12 million$89 million
32 · Dyes, paints and tanning agents$9 million$101 million
09 · Coffee, tea and spices$7 million$92 million
94 · Furniture and lighting$7 million$258 million
23 · Animal feed and food waste$7 million$188 million
05 · Other animal products$6 million$2 million
44 · Wood$5 million$403 million
21 · Food preparations$5 million$186 million
26 · Ores and slag$4 million$1 million
03 · Fish and seafood$4 million$52 million
62 · Woven clothing$4 million$242 million
33 · Perfumes and cosmetics$4 million$270 million
86 · Railway equipment$4 million$185 million
30 · Pharmaceuticals$3 million$510 million
69 · Ceramics$3 million$117 million
48 · Paper and paperboard$3 million$332 million
40 · Rubber$3 million$186 million
11 · Milling products and malt$2 million$23 million
91 · Watches and clocks$2 million$30 million
02 · Meat and offal$2 million$124 million
97 · Art and antiques$2 million$3 million
88 · Aircraft and spacecraft$2 million$166 million
16 · Prepared meat and fish$2 million$53 million
79 · Zinc$2 million$2 million
34 · Soap and cleaning products$1 million$158 million
82 · Tools and cutlery$1 million$61 million
49 · Books and printed matter$1 million$21 million
50 · Silk$959 thousand$229 thousand
61 · Knitted clothing$699 thousand$274 million
64 · Footwear$581 thousand$150 million
06 · Live plants and flowers$558 thousand$50 million
10 · Cereals$528 thousand$389 million
89 · Ships and boats$483 thousand$78 million
01 · Live animals$483 thousand$88 million
54 · Synthetic filaments$474 thousand$49 million
57 · Carpets and rugs$393 thousand$25 million
13 · Gums and plant extracts$374 thousand$2 million
35 · Glues, starches and enzymes$352 thousand$24 million
58 · Special fabrics and lace$308 thousand$16 million
60 · Knitted fabric$254 thousand$60 million
42 · Leather goods and bags$209 thousand$53 million
14 · Other plant products$194 thousand$1 million
96 · Other manufactured goods$191 thousand$38 million
95 · Toys and sports gear$187 thousand$61 million
37 · Photographic goods$141 thousand$7 million
53 · Other plant fibers$137 thousand$6 million
56 · Felt, nonwovens and rope$106 thousand$76 million
67 · Feathers and artificial flowers$95 thousand$4 million
51 · Wool$94 thousand$837 thousand
36 · Explosives and matches$92 thousand$17 million
65 · Hats$58 thousand$10 million
75 · Nickel$54 thousand$4 million
45 · Cork$49 thousand$938 thousand
81 · Other base metals$48 thousand$3 million
92 · Musical instruments$21 thousand$3 million
59 · Coated and technical textiles$19 thousand$17 million
55 · Synthetic staple fibers$19 thousand$32 million
47 · Wood pulp$11 thousand$6 million
43 · Fur and fur goods$3 thousand$1 million
46 · Wicker and basketware$2 thousand$550 thousand
66 · Umbrellas and canes$2 thousand$2 million
80 · Tin$0$70 thousand

Trading partners

Its main destination is Italy (32.7% of exports) and its main source is China (16.1% of imports).

Who it sells to

PartnerValue (USD billions)ShareMode
Italy8.632.7%Sea
Turkey4.517.1%Land
Czechia1.45.2%Sea
Russia1.24.5%Land
Greece1.24.5%Sea
Croatia0.983.7%Sea
Germany0.893.4%Sea
India0.742.8%Sea
Israel0.732.8%Sea
Portugal0.712.7%Sea

Who it buys from

PartnerValue (USD billions)ShareMode
China3.716.1%Sea
Russia3.615.6%Land
Turkey2.711.5%Land
United States1.66.8%Air
Australia1.56.3%Air
United Kingdom0.913.9%Air
Germany0.793.4%Sea
Georgia0.682.9%Land
Iran0.632.7%Land
Kazakhstan0.612.6%Sea

Overview 1995–2024

In 2024, Azerbaijan accounted for 0.12% of world exports, compared with 0% in 1995.

Exports and imports

Exports grew 214-fold since 1995

USD billions (current). Bars: trade balance (green surplus, red deficit).

  • Exports 26.4
  • Imports 23.1
  • Balance +3.3

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$123 million$416 million-$293 million
1996$711 million$1.3 billion-$618 million
1997$949 million$1.3 billion-$400 million
1998$667 million$1.5 billion-$831 million
1999$1 billion$1.3 billion-$285 million
2000$1.8 billion$1.7 billion$158 million
2001$2.1 billion$1.8 billion$264 million
2002$2.1 billion$2.1 billion$1 million
2003$2.5 billion$3.4 billion-$817 million
2004$3.4 billion$4.5 billion-$1.2 billion
2005$5.5 billion$5.5 billion-$62 million
2006$8.5 billion$7.1 billion$1.4 billion
2007$13.5 billion$7.7 billion$5.8 billion
2008$36.3 billion$10 billion$26.3 billion
2009$18.3 billion$8.2 billion$10.1 billion
2010$25.1 billion$9.6 billion$15.5 billion
2011$31.7 billion$12.5 billion$19.2 billion
2012$30.8 billion$13 billion$17.8 billion
2013$28.7 billion$14.5 billion$14.2 billion
2014$26.5 billion$13.3 billion$13.2 billion
2015$16.5 billion$11.2 billion$5.4 billion
2016$13.7 billion$9.4 billion$4.3 billion
2017$16 billion$9.2 billion$6.8 billion
2018$21.8 billion$13.3 billion$8.5 billion
2019$20.1 billion$16.2 billion$3.9 billion
2020$13.7 billion$11.4 billion$2.3 billion
2021$24.3 billion$13.2 billion$11.1 billion
2022$43.3 billion$15.7 billion$27.6 billion
2023$32.1 billion$18.7 billion$13.4 billion
2024$26.4 billion$23.1 billion$3.3 billion

World rank

Azerbaijan rose from 161st to 72nd among the world's exporters

Rank among 222 countries by export value (1st at the top).

  • 161st in 1995
  • 72nd in 2024

Source: CEPII BACI

Show the numbers
YearRank
1995161st
1996121st
1997120th
1998128th
1999116th
2000111th
2001107th
2002106th
2003106th
2004103rd
200590th
200681st
200775th
200859th
200967th
201063rd
201162nd
201264th
201368th
201471st
201574th
201678th
201777th
201873rd
201974th
202082nd
202173rd
202266th
202371st
202472nd

What it sells

Oil, gas and coal became its top export group: from 18% to 86%

% of exports by Harmonized System chapter.

  • Other 6%
  • Vegetables 1%
  • Gems and precious metals 1%
  • Cotton 1%
  • Aluminum 1%
  • Weapons and ammunition 1%
  • Plastics 1%
  • Fruit and nuts 2%
  • Oil, gas and coal 86%

Source: CEPII BACI

Show the numbers
Chapter19952024
Oil, gas and coal18%86%
Fruit and nuts0.76%1.9%
Plastics2.3%1.4%
Weapons and ammunition0%1.3%
Aluminum0.83%0.91%
Cotton42.8%0.87%
Gems and precious metals0.09%0.86%
Vegetables0.02%0.81%
Other35.2%6%

Who it trades with

Turkey went from 34% to 14% of Azerbaijan's trade

% of total trade (exports + imports) with each partner.

  • Italy 18%
  • Turkey 14%
  • Russia 10%
  • China 8%
  • Germany 3%

Source: CEPII BACI

Show the numbers
Partner19952024
Italy6%18.5%
Turkey33.8%14.5%
Russia0%9.7%
China0.7%7.6%
Germany12.6%3.4%

Production hubs

Largest industrial emission sources (Climate TRACE, 2025)

  • South Caspian basin (conventional offshore)Oil and gas · 22.7 Mt CO₂e
  • Azerbaijan thermal power plantPower · 8.1 Mt CO₂e
  • South Caspian basin (conventional onshore)Oil and gas · 4.6 Mt CO₂e
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Largest economic production hubs (gridded GDP, 2024)

  • Baku$180.4 billion (PPP, 2021 dollars)
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Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. Ranks are computed among the countries with data each year. Services are not included. Data up to 2024.

Neighboring countries

Main partners

See all countries