Azerbaijan (AZE)
Annual exports and imports in 2024 (USD).
Source: UN Comtrade. Warehouse 1: partner = World totals by HS4 and year.
Azerbaijan - trade dependency by partner, 2024 (USD)
| Rank | Partner | Export dependency | Import dependency | Total dependency |
|---|---|---|---|---|
| 1 | Italy (ITA) | 41.0% $10.88B | 2.4% $515.80M | 23.9% $11.39B |
| 2 | Türkiye (TUR) | 14.4% $3.82B | 11.0% $2.31B | 12.9% $6.13B |
| 3 | Russian Federation (RUS) | 4.4% $1.18B | 17.2% $3.62B | 10.1% $4.80B |
| 4 | China (CHN) | 0.0% $0 | 17.7% $3.73B | 7.8% $3.73B |
| 5 | USA (USA) | 0.5% $135.03M | 7.7% $1.62B | 3.7% $1.75B |
| 6 | Germany (DEU) | 2.9% $776.98M | 3.9% $824.82M | 3.4% $1.60B |
| 7 | Australia (AUS) | 0.0% $0 | 6.9% $1.46B | 3.1% $1.46B |
| 8 | Czechia (CZE) | 4.1% $1.09B | 0.0% $0 | 2.3% $1.09B |
| 9 | India (IND) | 2.8% $734.42M | 1.1% $223.93M | 2.0% $958.34M |
| 10 | Croatia (HRV) | 3.3% $873.44M | 0.0% $0 | 1.8% $873.44M |
- Azerbaijan's total trade in 2024 reached $47.6B, comprising $26.6B in exports and $21.1B in imports, yielding a trade surplus of $5.5B.
- Globally, Azerbaijan ranked 63rd in total trade, 61st in exports, and 69th in imports for the year 2024.
- The top export destination for Azerbaijan was Italy, which received goods valued at $10.9B, accounting for 41.0% of total exports.
- China was the leading source of imports, supplying goods worth $3.7B, which represents 17.7% of Azerbaijan's total imports.
- The primary export category was Mineral fuels (HS2 27), with a total export value of $23.4B, making up 88.0% of all exports.
- The most significant import category was Pearls, precious stones, and metals (HS2 71), valued at $3.4B.
Azerbaijan's Trade Performance in 2024
In 2024, Azerbaijan's international trade activity resulted in a total trade volume of $47.6B, securing its position as the 63rd largest trading nation worldwide. The country's exports were valued at $26.6B against imports of $21.1B, leading to a substantial trade surplus of $5.5B. The nation's export economy is heavily reliant on a few key product sectors, with mineral fuels being the most significant contributor.
Top Trading Partners
Azerbaijan's exports are significantly directed towards European markets. Italy stands out as the main export partner, absorbing $10.9B (41.0%) of Azerbaijan's exports. Following Italy, Türkiye is another key destination, with exports valued at $3.8B. On the import side, Azerbaijan's primary partners are China and the Russian Federation, with import values of $3.7B and $3.6B, respectively. These two countries together account for a significant portion of Azerbaijan's import market.
Leading Product Categories
The cornerstone of Azerbaijan's export economy is the Mineral fuels sector (HS2 27), which alone accounted for $23.4B, or 88.0% of the country's total exports in 2024. In contrast, the import landscape is more diversified. The leading import categories include Vehicles (HS2 87) at $2.2B, Machinery and mechanical appliances (HS2 84) also at $2.2B, and Pearls, precious stones, and metals (HS2 71) at $3.4B, reflecting the nation's demand for industrial and consumer goods.
Exports
Azerbaijan - exports over time (Exports), 2015-2024 (USD)
Top export categories
Largest HS2 categories by export value in the selected year.
Azerbaijan - export composition by product categories (Exports), 2024 (USD)
Azerbaijan - export composition by 4-digit product groups (Exports), 2024 (USD)
Imports
Azerbaijan - imports over time (Imports), 2015-2024 (USD)
Top import categories
Largest HS2 categories by import value in the selected year.