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Azerbaijan Trade Summary

2023

Azerbaijan exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR AZERBAIJAN 2023

Overall Exports and Imports for Azerbaijan 2023

Exports and imports of Azerbaijan in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 33,899 million.
  • The total value of imports (CIF) was 17,278 million.
  • At the HS6 digit level, 1,923 products were exported to 121 countries and 3,922 products were imported from 179 countries.

Azerbaijan top 5 Export and Import partners 2023

Top five countries to which Azerbaijan exported in 2023 are below, along with the percent of total exports that went to that country:

  1. Azerbaijan exports to Italy worth US$ 15,208 million, with a partner share of 44.86 percent.
  2. Azerbaijan exports to Turkey worth US$ 5,359 million, with a partner share of 15.81 percent.
  3. Azerbaijan exports to Israel worth US$ 1,402 million, with a partner share of 4.13 percent.
  4. Azerbaijan exports to Greece worth US$ 1,363 million, with a partner share of 4.02 percent.
  5. Azerbaijan exports to India worth US$ 1,235 million, with a partner share of 3.64 percent.

Top five countries from which Azerbaijan imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. Azerbaijan imports from Russian Federation worth US$ 3,160 million, with a partner share of 18.29 percent.
  2. Azerbaijan imports from China worth US$ 3,023 million, with a partner share of 17.49 percent.
  3. Azerbaijan imports from Turkey worth US$ 2,290 million, with a partner share of 13.25 percent.
  4. Azerbaijan imports from Germany worth US$ 910 million, with a partner share of 5.27 percent.
  5. Azerbaijan imports from United States worth US$ 889 million, with a partner share of 5.15 percent.

Azerbaijan Top 5 Productsexports imports at HS 6 digit level 2023

The top five exported HS 6 digit level products to world by Azerbaijan along with trade value are:

  1. Azerbaijan exported Petroleum oils and oils obtained from bituminou , worth 16,240,829.63 (US$ Thousands).
  2. Azerbaijan exported Natural gas in gaseous state , worth 13,678,344.14 (US$ Thousands).
  3. Azerbaijan exported Petroleum oils, etc, (excl. crude); preparation , worth 572,210.25 (US$ Thousands).
  4. Azerbaijan exported Electrical energy , worth 402,483.18 (US$ Thousands).
  5. Azerbaijan exported Other fruit, fresh, nes , worth 166,502.08 (US$ Thousands).

The top five imported HS 6 digit level products from world by Azerbaijan along with trade value are

  1. Azerbaijan imported Petroleum oils and oils obtained from bituminou , worth 1,077,237.60 (US$ Thousands).
  2. Azerbaijan imported Petroleum oils, etc, (excl. crude); preparation , worth 530,243.93 (US$ Thousands).
  3. Azerbaijan imported Automobiles nes including gas turbine powered , worth 511,824.50 (US$ Thousands).
  4. Azerbaijan imported Transmission apparatus, for radioteleph incorpo , worth 442,617.87 (US$ Thousands).
  5. Azerbaijan imported Other medicaments of mixed or unmixed products, , worth 380,364.94 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by Azerbaijan in 2023 are below

  • The maximum rate of tariff in percentage on any product was 411.49 percent.
  • The simple average tariff across all products was 9.20 percent.
  • The trade weighted average tariff was 5.82 .
  • The total duty free imports in thousands of US dollars were 6,635,878.47 and duty free tariff line items share was 30.52 percent.

Development Indicators 2023

Key Development Indicators of Azerbaijan in 2023 are below

  • Azerbaijan GDP in current US dollar was 72,428 million.
  • GNI per capita, Atlas method (current US$) was 6,670.00 .
  • Azerbaijan Trade balance: as % of GDP was 14.46.
  • Trade balance in current US$ was 10,471.00 million.
  • Trade as percentage of GDP was 83.54 .
  • Trade in services as percentage of GDP was 20.58 .

Trade Indicators 2023

Trade Indicators for Azerbaijan in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.26.
  • Index of export market penetration was 1.98.
  • World Growth in percentage was -3.13 and Azerbaijan Country Growth was -19.36 .