Azerbaijan recorded a trade surplus of 1873068 USD Thousand in the first quarter of 2020. source: Central Bank of the Republic of Azerbaijan

Balance of Trade in Azerbaijan averaged 2301118.56 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 November of 2020.

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 2021, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Azerbaijan Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
1873068.00 1636262.10 8201764.00 -306551.00 1998 - 2020 USD Thousand Quarterly

Azerbaijan Trade Last Previous Highest Lowest Unit
Balance of Trade 1873068.00 1636262.10 8201764.00 -306551.00 USD Thousand [+]
Current Account 646.00 362.00 6029.00 -738.00 USD Million [+]
Current Account to GDP 7.90 5.50 35.30 -31.90 percent [+]
Imports 2590101.00 3212064.50 4754916.00 312012.00 USD Thousand [+]
Exports 4463169.00 4848326.50 9996038.00 129728.00 USD Thousand [+]
Capital Flows 1394.00 -490.00 4414.00 -2980.00 USD Million [+]
Crude Oil Production 645.00 644.00 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 15840362.60 16212184.50 16212184.50 35540.00 USD Thousand [+]
Remittances 66.00 121.00 286.08 -170.00 USD Million [+]
Terrorism Index 0.70 0.96 2.93 0.09 [+]
Tourist Arrivals 12777.00 13455.00 23440.00 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.