Azerbaijan Balance of Trade
Azerbaijan recorded a trade surplus of 5102560 USD Million in the third quarter of 2012. Balance of Trade in Azerbaijan is reported by the Central Bank of the Republic of Azerbaijan. Historically, from 1998 until 2012, Azerbaijan Balance of Trade averaged 2175905.3 USD Million reaching an all time high of 8201764.0 USD Million in May of 2008 and a record low of -306551.0 USD Million in November of 1998. 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 includes a chart with historical data for Balance of Trade in Azerbaijan.