Azerbaijan

In 2014, the value of merchandise exports of Azerbaijan decreased moderately by 9.0 percent to reach 21.8 bln US$, while its merchandise imports decreased substantially by 14.7 percent to reach 9.2 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a large surplus of 12.6 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Developed Europe at 8.5 bln US$ (see graph 4). Merchandise exports in Azerbaijan were diversified amongst partners; imports were also diversified. The top 13 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