In 2013, the value of merchandise exports of Azerbaijan increased slightly by 0.3 percent to reach 23.9 bln US$, while its merchandise imports increased substantially by 11.6 percent to reach 10.8 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a relatively large surplus of 13.1 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Developed Europe at 7.4 bln US$ (see graph 4). Merchandise exports in Azerbaijan were diversified amongst partners; imports were also diversified. The top 12 partners accounted for 80 percent or more of exports and 14 partners accounted for 80 percent or more of imports (see graph 5). In 2012, the value of exports of services of Azerbaijan increased substantially by 57.4 percent, reaching 4.3 bln US$, while its imports of services increased substantially by 26.1 percent and reached 7.2 bln US$ (see graph 2). There was a moderate trade in services deficit of 2.9 bln US$.

Related Subject(s): International Trade and Finance
Countries: Azerbaijan
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