Azerbaijan recorded a trade surplus of 2008164.70 USD Thousand in the third quarter of 2019. Balance of Trade in Azerbaijan averaged 2313680.71 USD Thousand from 1998 until 2019, 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.

Balance of Trade in Azerbaijan is expected to be 2419000.00 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 2020, according to our econometric models.


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Azerbaijan Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
2008164.70 348851.00 8201764.00 -306551.00 1998 - 2019 USD Thousand Quarterly


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.

Azerbaijan Trade Last Previous Highest Lowest Unit
Balance of Trade 2008164.70 348851.00 8201764.00 -306551.00 USD Thousand [+]
Current Account 941.00 1459.00 6029.00 -738.00 USD Million [+]
Current Account to GDP 7.90 5.50 35.30 -31.90 percent [+]
Imports 3077246.60 4754916.00 4754916.00 312012.00 USD Thousand [+]
Exports 5085411.30 5103166.00 9996038.00 129728.00 USD Thousand [+]
Capital Flows 397.00 -274.00 4414.00 -2980.00 USD Million [+]
Crude Oil Production 763.00 758.00 1072.00 168.00 BBL/D/1K [+]
Gold Reserves 0.00 0.00 30.20 0.00 Tonnes [+]
Foreign Direct Investment 915.00 809.00 2231.00 586.00 USD Million [+]
External Debt 16212184.50 15253903.00 16212184.50 35540.00 USD Thousand [+]
Terrorism Index 0.70 0.96 2.93 0.09 [+]
Tourist Arrivals 12777.00 13455.00 23440.00 2009.00 [+]
Remittances 131.00 125.00 286.08 -170.00 USD Million [+]