Azerbaijan recorded a trade surplus of 2486149.50 USD Thousand in the first quarter of 2019. Balance of Trade in Azerbaijan averaged 2340390.66 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 2172500.00 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 2419000.00 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.

Azerbaijan Balance of Trade
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Azerbaijan Trade Last Previous Highest Lowest Unit
Balance of Trade 2486149.50 2506266.00 8201764.00 -306551.00 USD Thousand [+]
Current Account 1603.00 963.00 6029.00 -738.00 USD Million [+]
Current Account to GDP 7.90 5.50 35.30 -31.90 percent [+]
Imports 2260684.90 3058779.00 3120490.00 312012.00 USD Thousand [+]
Exports 4746834.40 5565045.00 9996038.00 129728.00 USD Thousand [+]
Capital Flows 213.00 727.00 4414.00 -2980.00 USD Million [+]
Crude Oil Production 805.00 813.00 1072.00 168.00 BBL/D/1K [+]
Gold Reserves 0.00 0.00 30.20 0.00 Tonnes [+]
Foreign Direct Investment 1176.00 880.00 2231.00 586.00 USD Million [+]
External Debt 15253903.00 15016290.00 15253903.00 35540.00 USD Thousand [+]
Terrorism Index 0.96 1.15 2.93 0.09 [+]
Tourist Arrivals 13455.00 8949.00 23440.00 2009.00 [+]
Remittances 126.00 176.00 286.08 -170.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. 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 - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2486149.50 2506266.00 8201764.00 -306551.00 1998 - 2019 USD Thousand Quarterly




Country Last Previous
Argentina 1373.00 May/19
Australia 5745.00 May/19
Brazil 5020.00 Jun/19
Canada 762.30 May/19
China 509.76 Jun/19
Euro Area 23033.60 May/19
France -3278.00 May/19
Germany 20600.00 May/19
India -15280.00 Jun/19
Indonesia 196.00 Jun/19
Italy 5347.00 May/19
Japan 589.46 Jun/19
Mexico 1030.71 May/19
Netherlands 5579.00 May/19
Russia 11823.00 May/19
Saudi Arabia 131636.00 Mar/19
Singapore 2447.29 Jun/19
South Africa 1737.21 May/19
South Korea 4168.00 Jun/19
Spain -1605300.00 Apr/19
Switzerland 3251.00 Jun/19
Turkey -1837.83 May/19
United Kingdom -2324.00 May/19
United States -55520.00 May/19


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