Azerbaijan recorded a trade surplus of 56543.50 USD Thousand in the third quarter of 2020. source: Central Bank of the Republic of Azerbaijan

Balance of Trade in Azerbaijan averaged 2255715.62 USD Thousand from 1998 until 2020, 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 February of 2021.

Balance of Trade in Azerbaijan is expected to be 2108900.00 USD Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Azerbaijan to stand at 2108900.00 in 12 months time. In the long-term, the Azerbaijan Balance of Trade is projected to trend around 2108900.00 USD Thousand in 2022, according to our econometric models.

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Azerbaijan Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
56543.50 414025.80 8201764.00 -306551.00 1998 - 2020 USD Thousand Quarterly

Azerbaijan Trade Last Previous Highest Lowest Unit
Balance of Trade 56543.50 414025.80 8201764.00 -306551.00 USD Thousand [+]
Current Account -806.00 -48.00 6029.00 -806.00 USD Million [+]
Current Account to GDP 9.10 12.80 35.30 -31.90 percent [+]
Imports 2629910.60 2199479.70 4754916.00 312012.00 USD Thousand [+]
Exports 2686454.10 2613505.50 9996038.00 129728.00 USD Thousand [+]
Capital Flows 1157.00 -453.00 4414.00 -2980.00 USD Million [+]
Crude Oil Production 681.00 672.00 1072.00 168.00 BBL/D/1K [+]
Gold Reserves 0.00 0.00 30.20 0.00 Tonnes [+]
Foreign Direct Investment 1284.00 919.00 2231.00 586.00 USD Million [+]
External Debt 15840362.60 16212184.50 16212184.50 35540.00 USD Thousand [+]
Remittances 148.00 85.00 286.08 -170.00 USD Million [+]
Terrorism Index 0.30 0.70 2.93 0.09 [+]
Tourist Arrivals 30950.00 12777.00 30950.00 2009.00 [+]


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.