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Where does Azerbaijan get its gold? Import sources 2024

In 2024, Azerbaijan imported $3.9 billion of gold (82 tonnes), 0.7% of the world total. Its main sources were Australia (38%), the United States (27%) and the United Kingdom (14%). Azerbaijan was the world’s 22nd-largest importer of gold.

Summary

Value
$3.9billion
Tonnes
82tonnes
Share of world total
0.7%
World rank
22nd
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 11 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Australia1.5Tonnes: 18USD per tonne: $79,964,48437.7%Air
United States1.1Tonnes: 13USD per tonne: $81,864,81027.4%Air
United Kingdom0.54Tonnes: 41USD per tonne: $13,040,79213.9%Air
Mexico0.17Tonnes: 2USD per tonne: $85,100,1144.4%Air
Kazakhstan0.17Tonnes: 2USD per tonne: $88,108,6864.4%Air
Russia0.16Tonnes: 2USD per tonne: $80,919,6524.2%Land
Switzerland0.15Tonnes: 2USD per tonne: $76,228,0443.9%Air
Canada0.15Tonnes: 2USD per tonne: $74,431,0713.9%Air
Turkey< 0.01Tonnes: 0USD per tonne: $21,314,2010.12%Land
United Arab Emirates< 0.01Tonnes: —USD per tonne: —0%Sea
Germany< 0.01Tonnes: 0USD per tonne: $2,238,0000%Air

Trend

Who it buys from

Australia has been its main source since 2024

Value in USD billions. The five largest sources in 2024.

  • Australia 1.5
  • United States 1.1
  • United Kingdom 0.54
  • Mexico 0.17
  • Kazakhstan 0.17

Source: CEPII BACI

Show the numbers
Partner19952024
Australia01.5
United States01.1
United Kingdom00.54
Mexico00.17
Kazakhstan00.17

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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