Azerbaijan

Compare Azerbaijan →

AZ · AZE · BACI 31 · latest data 2024

Exports

$26.4B USD, nominal · 2024

= $26,407 M31.2% over 5 yrs (up)

Imports

$23.1B USD, nominal · 2024

= $23,146 M45.8% over 5 yrs (up)

Trade balancesurplus

$3.3B USD, nominal · 2024

= $3,262 M

Total trade

$49.6B USD, nominal · 2024

= $49,553 M37.6% over 5 yrs (up)

World position: #71 of 225 exporters · top half · #75 of 225 importers · top half · 2024
World export share since 1995: +0.1 pp

Trade timeline

Azerbaijan's exports grew from $123M in 1995 to $26.4B in 2024; the 2024 balance was $3.3B.

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Exports, imports, trade balance and total trade of Azerbaijan per year, USD millions.
Year	Exports ($M)	Imports ($M)	Balance ($M)	Total ($M)
1995	$123 M	$416 M	−$293 M	$539 M
1996	$718 M	$1,363 M	−$645 M	$2,081 M
1997	$923 M	$1,392 M	−$469 M	$2,315 M
1998	$661 M	$1,541 M	−$880 M	$2,202 M
1999	$1,006 M	$1,308 M	−$302 M	$2,314 M
2000	$1,754 M	$1,685 M	$69 M	$3,439 M
2001	$2,027 M	$1,857 M	$170 M	$3,884 M
2002	$2,059 M	$2,160 M	−$101 M	$4,218 M
2003	$2,426 M	$3,431 M	−$1,004 M	$5,857 M
2004	$4,217 M	$4,658 M	−$441 M	$8,875 M
2005	$5,381 M	$5,690 M	−$309 M	$11,071 M
2006	$8,647 M	$7,326 M	$1,321 M	$15,972 M
2007	$14,234 M	$7,800 M	$6,434 M	$22,034 M
2008	$33,894 M	$10,379 M	$23,516 M	$44,273 M
2009	$18,717 M	$8,369 M	$10,348 M	$27,087 M
2010	$24,992 M	$9,871 M	$15,121 M	$34,863 M
2011	$32,604 M	$12,922 M	$19,682 M	$45,526 M
2012	$31,583 M	$13,518 M	$18,065 M	$45,101 M
2013	$30,368 M	$15,149 M	$15,220 M	$45,517 M
2014	$27,462 M	$13,926 M	$13,536 M	$41,387 M
2015	$17,256 M	$11,463 M	$5,793 M	$28,719 M
2016	$13,702 M	$9,306 M	$4,396 M	$23,009 M
2017	$16,079 M	$9,141 M	$6,938 M	$25,220 M
2018	$22,104 M	$13,102 M	$9,002 M	$35,206 M
2019	$20,133 M	$15,875 M	$4,259 M	$36,008 M
2020	$13,530 M	$11,270 M	$2,260 M	$24,800 M
2021	$24,564 M	$13,069 M	$11,495 M	$37,633 M
2022	$44,185 M	$15,667 M	$28,518 M	$59,851 M
2023	$31,178 M	$18,702 M	$12,477 M	$49,880 M
2024	$26,407 M	$23,145 M	$3,262 M	$49,553 M

30 rows

World share & rank

World export share moved from 0.0% in 1995 to 0.1% in 2024; export rank #157 → #71.

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World export and import share in percent, and world ranks, of Azerbaijan per year.
Year	Export share (%)	Import share (%)	Export rank	Import rank
1995	0.00%	0.01%	#157	#148
1996	0.01%	0.03%	#118	#113
1997	0.02%	0.02%	#117	#115
1998	0.01%	0.03%	#125	#112
1999	0.02%	0.02%	#112	#120
2000	0.03%	0.03%	#110	#118
2001	0.03%	0.03%	#106	#115
2002	0.03%	0.03%	#104	#110
2003	0.03%	0.04%	#105	#101
2004	0.05%	0.05%	#93	#94
2005	0.05%	0.05%	#90	#96
2006	0.07%	0.06%	#80	#92
2007	0.10%	0.06%	#74	#94
2008	0.21%	0.06%	#59	#91
2009	0.15%	0.07%	#66	#94
2010	0.17%	0.07%	#63	#96
2011	0.18%	0.07%	#61	#92
2012	0.17%	0.07%	#62	#89
2013	0.17%	0.08%	#64	#90
2014	0.15%	0.08%	#70	#92
2015	0.11%	0.07%	#71	#96
2016	0.09%	0.06%	#77	#103
2017	0.09%	0.05%	#76	#106
2018	0.12%	0.07%	#70	#94
2019	0.11%	0.09%	#73	#85
2020	0.08%	0.07%	#81	#91
2021	0.11%	0.06%	#72	#97
2022	0.18%	0.06%	#65	#96
2023	0.14%	0.08%	#69	#86
2024	0.12%	0.10%	#71	#75

30 rows

Trading partners

Italy was Azerbaijan's top trading partner in 2024, at 18.5% of total trade; the top five partners covered 53.6%.

Year

Top partner share: 18.5%
Top-5 share: 53.6%
Partners: 173
Partner HHI (0–1): 0.079

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Italy $8.6B

Türkiye $4.5B

Czechia $1.4B

Russia $1.2B

Greece $1.2B

Croatia $981M

Germany $892M

India $736M

Israel $735M

Romania $699M

Georgia $587M

United Kingdom $253M

United States $92M

Australia $36M

China $20M

View partner table

Top partners of Azerbaijan in 2024, USD millions.
Rank	Partner	Exports to ($M)	Imports from ($M)	Total ($M)	Balance ($M)
#1	Italy	$8,641 M	$517 M	$9,158 M	$8,124 M
#2	Türkiye	$4,521 M	$2,656 M	$7,177 M	$1,866 M
#3	Russia	$1,178 M	$3,617 M	$4,796 M	−$2,439 M
#4	China	$20 M	$3,719 M	$3,739 M	−$3,700 M
#5	Germany	$892 M	$791 M	$1,683 M	$100 M
#6	United States	$92 M	$1,577 M	$1,669 M	−$1,484 M
#7	Czechia	$1,362 M	$147 M	$1,510 M	$1,215 M
#8	Australia	$36 M	$1,464 M	$1,500 M	−$1,428 M
#9	Georgia	$587 M	$681 M	$1,267 M	−$94 M
#10	Greece	$1,176 M	$54 M	$1,230 M	$1,122 M
#11	United Kingdom	$253 M	$907 M	$1,160 M	−$654 M
#12	Croatia	$981 M	$8 M	$989 M	$974 M
#13	India	$736 M	$242 M	$978 M	$494 M
#14	Israel	$735 M	$184 M	$919 M	$550 M
#15	Romania	$699 M	$88 M	$787 M	$611 M

15 rows

Products & sectors

Product composition of Azerbaijan's trade in 2024.

Year

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Concentration & risk

Azerbaijan's export partners concentrated over 1995–2024 — HHI 0.094 → 0.150, a moderately concentrated export base across 132 partners in 2024.

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Export and import partner HHI (0–1) and partner counts of Azerbaijan per year.
Year	Export HHI	Import HHI	Export partners	Import partners
1995	0.094	0.183	42	46
1996	0.165	0.098	69	80
1997	0.136	0.105	73	85
1998	0.110	0.083	77	99
1999	0.080	0.075	94	106
2000	0.100	0.078	102	116
2001	0.117	0.070	101	116
2002	0.114	0.064	115	110
2003	0.113	0.060	106	121
2004	0.173	0.060	112	117
2005	0.084	0.062	114	132
2006	0.143	0.078	121	133
2007	0.104	0.075	128	134
2008	0.084	0.081	131	135
2009	0.093	0.084	126	135
2010	0.096	0.075	141	136
2011	0.154	0.073	132	143
2012	0.110	0.073	133	148
2013	0.117	0.076	139	144
2014	0.102	0.077	136	141
2015	0.109	0.072	136	152
2016	0.084	0.076	140	171
2017	0.115	0.078	143	174
2018	0.114	0.068	140	169
2019	0.103	0.075	145	179
2020	0.112	0.087	137	172
2021	0.219	0.085	142	169
2022	0.248	0.080	145	169
2023	0.181	0.085	137	176
2024	0.150	0.080	132	165

30 rows

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