Tobacco: $97.2 million 2. The foreign trade of Azerbaijan External economic activities Dynamics of foreign trade relation Foreign trade by countries Foreign trade by deal types Geographical structure of foreign trade Foreign trade on Standard International Trade Classification (SITC) Structure of foreign trade by products Imports and exports of main commodities Compare Imports by Country United Nations Comtrade Database Another potential source of natural gas for Europe is liquefied natural gas (LNG). Find COVID-19 Vaccines Near You: Vaccines.gov (English) Vacunas.gov (Spanish)Text your zip code to 438829 (GETVAX) in English or 822862 (VACUNA) in Spanish, In 2019, Azerbaijan GDP was an estimated $47.2 billion (current market exchange rates); real GDP was up by an estimated 2.3%; and the population was 10 million. Text your zip code to 438829 (GETVAX) in English or 822862 (VACUNA) in Spanish. TheInternational Trade Administration,U.S. Department of Commerce, manages this global trade site to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U.S. industry, and ensuring fair trade and compliance with trade laws and agreements. Facing a Foreign Trade AD/CVD or Safeguard Investigation? Azerbaijans other exports include sugar, fruits, metals and polymers.Azerbaijans main exports partners are Italy, the United Kingdom, the United States, Israel, Indonesia, France and Turkey. As soon as processing is completed and the goods are re-exported, a draw-back procedure is initiated to recover the taxes and duty paid. The top export categories (2-digit HS) in 2019 were: aircraft ($197 million), machinery ($81 million), electrical machinery ($29 million), optical and medical instruments ($19 million), and miscellaneous chemical products ($10 million). In addition, it may also stipulate a minimum amount of finished product be held to assure that the imported goods are utilized for the purpose intended. Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of . In addition, the government regulates the export of strategic commodities produced in Azerbaijan. API users can feed a custom application. Goods imported into Azerbaijan for processing and later re-exported are subject to normal duties and taxes at the time of importation. Azerbaijan's top 10 imports had edged near 61.57% of the overarching value of its product purchases from other countries. Foreign Direct Investment Attraction Events, Services for U.S. Companies New to Exporting, Services for U.S. Companies Currently Exporting, Leading Sectors for US Exports & Investments, Information and Communications Technology, Licensing Requirements for Professional Services. APDF readeris available from Adobe Systems Incorporated. Details may not equal totals due to rounding. Includes a list of goods that are prohibited from being exported to the country or are otherwise restricted. Exporting or importing the following goods also requires government approval: wild animals and plants, animal- or plant-derived raw materials, information on the location of natural resources and thermal energy, works of art and antiques, results of scientific and other research, inventions, controlled psychotropic substances, medical equipment, insecticides, and veterinary drugs and substances. The economy of Azerbaijan has completed its post-Soviet transition into a major oil-based economy (with the completion of the Baku-Tbilisi-Ceyhan Pipeline), from one where the state played the major role.The transition to oil production led to remarkable growth figures as projects came online; reaching 26.4% in 2005 (second highest GDP growth in the world in 2005 only to Equatorial Guinea) and . Washington, DC 20230. Goods exports totaled $374 million; goods imports totaled $26 million. Azerbaijan will continue to. Azerbaijan is currently our 125th largest goods trading partner with $400 million in total (two way) goods trade during 2019. Pharmaceuticals: $47.1 million 4. The U.S. trade balance with Azerbaijan shifted from a goods trade deficit of $191 million in 2018 to a goods trade surplus of $348 million in 2019. A lock ( There is no information on the distribution of U.S. FDI in Azerbaijan. Where does Azerbaijan import Pharmaceutical products from? Official websites use .gov Goods exports totaled $374 million; goods imports totaled $26 million. The Government of Azerbaijan must approve, certify, or license exports or imports of weapons, military equipment, explosives, special types of scientific and technical information for production of weapons, nuclear and radioactive materials and technologies, narcotic and psychotropic substances, blood and blood components, and unprocessed diamonds. A lock ( Top 10 Azerbaijani Imports from Ukraine Ukraine's exports to Azerbaijan amounted to $483.4 million or 5.5% of its overall imports. Meat: $40.4 million 5. According to the Department of Commerce, U.S. exports of goods to Azerbaijan supported an estimated 3 thousand jobs in 2015 (latest data available). The Government of Azerbaijan must approve, certify, or license exports or imports of weapons, military equipment, explosives, special types of scientific and technical information for production of weapons, nuclear and radioactive materials and technologies, narcotic and psychotropic substances, blood and blood components, and unprocessed diamonds. The latest available country-specific data shows that 84.3% of products exported from Azerbaijan were bought by importers in: Italy (41.6% of Azerbaijan's global total), Turkey (12.7%), Russia (4.1%), Israel (4%), Croatia (3.4%), Georgia (3%), Germany (2.9%), India (2.7%), Portugal (2.65%), Tunisia (2.6%), Spain (2.5%) and Ukraine (2%). External links to other Internet sites should not be construed as an endorsement of the views or privacy policies contained therein. International Trade Administration APDF readeris available from Adobe Systems Incorporated. Official websites use .gov 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. Pearls, precious stones, metals, coins, etc imports resulted in fastest-growing elevation in terms of value within the top 10 import clusters, by being up with 5328.88% from 2017 to 2018. Azerbaijan was the United States' 114th largest goods export market in 2019. Imports of Azerbaijan increased from 3,109 million US dollars in 2002 to 16,336 million US dollars in 2021 growing at an average annual rate of 10.52%. Share sensitive information only on official, secure websites. Foreign Direct Investment Attraction Events, Services for U.S. Companies New to Exporting, Services for U.S. Companies Currently Exporting, Leading Sectors for US Exports & Investments, Information and Communications Technology, Licensing Requirements for Professional Services. Provisions for importing goods and equipment are an integral part of production sharing agreements (PSAs) in the energy sector. The U.S. goods trade surplus with Azerbaijan was $348 million in 2019. Medication for personal use can be brought into Azerbaijan without a declaration. Trading Economics welcomes candidates from around the world. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. 2022 : U.S. trade in goods with Azerbaijan. . This site contains PDF documents. Trade between Russia and Azerbaijan accounts for 50% . As soon as processing has been completed and the goods are re-exported, a draw-back procedure can be initiated to recover the taxes and duty paid. (Source: IMF). Top trading partners (import of "Pharmaceutical products") of Azerbaijan in 2020: Turkey with a share of 18.7% (70 million US$) Germany with a share of 10.3% (38 million US$) Russia with a share of 8.02% (30 million US$) France with a share of 7.49% (28 million US$) U.S. goods imports from Azerbaijan totaled $26 million in 2019, down 94.9 percent ($479 million) from 2018, and down 99 percent from 2009. Azerbaijan was the United States' 153th largest supplier of goods imports in 2019. Travelers can import up to $10,000 or the equivalent, 3 liters of alcohol, 600 cigarettes, and 20 grams of gold or jewelry without filing a declaration. Share sensitive information only on official, secure websites. The top import categories (2-digit HS) in 2019 were: special other ( ) ($16 million), aluminum ($3 million), electrical machinery ($3 million), machinery ($826 thousand), and preserved food ( ) ($753 thousand). This site contains PDF documents. The Government of Azerbaijan must approve, certify, or license the exporting or importing of weapons, military equipment, explosives, special types of scientific and technical information for production of weapons, nuclear and radioactive materials and technologies, narcotic and psychotropic substances, blood and blood components, and unprocessed diamonds. 2022 Data - 2023 Forecast - 1998-2021 Historical - Chart - News, source: Central Bank of the Republic of Azerbaijan, Azerbaijan Gasoline Prices at 0.59 USD/Liter, Deposit Interest Rate in Azerbaijan at 8.71 percent, Azerbaijan Producer Price Inflation MoM at -6.50 percent, Azerbaijan Fiscal Expenditure at 20470.70 AZN Million, Azerbaijan Producer Prices Change at 112.10 percent, Azerbaijan Government Revenues at 22401.50 AZN Million, Azerbaijan GDP Current Prices at 98077.80 AZN Million, NZ Dollar Pressured Ahead of US Inflation Data, Japan Leading Index Drops to Near 2-Year Low, Aussie Pressured by Looming US Inflation Data, Malaysia Industrial Output Growth at 4-Month Low, Malaysia Q3 Construction Output Grows the Most in 5 Quarters, UK Retail Sales Ease on Cost of Living Crisis, Dollar Steadies Ahead of Midterm Elections. Includes import documentation and other requirements for both the U.S. exporter and foreign importer. Statistics from the Azerbaijan State Customs Committee show that exports from Azerbaijan to Israel in 2018 was valued at US$ 1.3 billion. In all cases, the PSAs specific terms will govern each individual situation. For amounts larger than this (including up to $50,000), travelers should fill out a customs declaration. Azerbaijan services export is 2,620,595,000 in BoP, current US$ and services import is 5,461,255,000 in Bop, current US$.Azerbaijan exports of goods and services as percentage of GDP is 35.70% and imports of goods and services as percentage of GDP is 36.47%. For amounts larger than this (including up to $50,000), travelers should fill out a customs declaration. White label accounts can distribute our data. Please consult with industry professionals for the most up-to-date information on restrictions and regulations. Last Published: 7/2/2019 As part of the government's efforts to spur domestic agriculture, it has prioritized import-substitution for food products, raising tariffs to keep many foreign products out of the market. But Baku and Yerevan have yet, two years after a ceasefire agreement, to agree on any terms for transportation links. Data are in current U.S. dollars. 4. Azerbaijan exports for 2019 was $23.63B, a 7.28% decline from 2018. Azerbaijan has also proposed exporting electricity to Europe through what it calls the "Zangezur corridor," across Armenian territory to its Nakhchivan exclave and Turkey. Secure .gov websites use HTTPS Compare Exports by Country Month. 1401 Constitution Ave NW TheInternational Trade Administration,U.S. Department of Commerce, manages this global trade site to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U.S. industry, and ensuring fair trade and compliance with trade laws and agreements. Azerbaijans exports are dominated by oil and natural gas, which account for around 95 percent of total export revenues. Azerbaijan exports for 2021 was $25.49B, a 67.59% increase from 2020. A .gov website belongs to an official government organization in the United States. The U.S. goods trade surplus with Azerbaijan was $348 million in 2019. There is no information on the distribution of Azerbaijan FDI in the U.S. Azerbaijan's Top Exports in 2020: 68% ($9.36 billion): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude. USA.gov|FOIA|Privacy Program|EEO Policy|Disclaimer|Information Quality Guidelines |Accessibility, Official Website of the International Trade Administration, Azerbaijan - Prohibited and Restricted Imports, Comply with U.S. and Foreign Export Regulations. 1. U.S. total exports of agricultural products to Azerbaijan totaled $2 million in 2019. Increased energy exports from Azerbaijan will take years to reach maturity. BAKU, Azerbaijan, November 6. The State Customs Committee establishes the time for the processing and re-exporting of the goods, usually within two years. U.S. goods exports to Azerbaijan in 2019 were $374 million, up 19.3 percent ($60 million) from 2018 and up 102 percent from 2009. Railway, tram equipment: $53.3 million 3. A locked padlock ) or https:// means youve safely connected to the .gov website. Data on Azerbaijan's FDI in the U.S. are not available. A locked padlock ) or https:// means youve safely connected to the .gov website. Importers are required to provide the State Customs Committee with the following: signed import contract (and contract number), customs declaration, permission (s) from the relevant state entity (s) when applicable, bill of lading, sales invoice and packing list, certificate of origin, and certificate of quality of the imported merchandise. Azerbaijan is currently our 125th largest goods trading partner with $400 million in total (two way) goods trade during 2019. Current job openings: Download historical data for 20 million indicators using your browser. Azerbaijan: major export destinations Azerbaijan exports chemicals, machinery, food (particularly grapes and other fruits and vegetables), beverages, petroleum and natural gas, iron and steel, nonferrous metals, and other products; its imports include iron and steel, machinery, and food and beverages, particularly meat and milk. Azerbaijan exports for 2020 was $15.21B, a 35.64% decline from 2019. Log in, Mineral fuels including oil: US$19.6 billion (88.4% of total exports), Plastics, plastic articles: $442.2 million (2%), Gems, precious metals: $205.6 million (0.9%), Mineral fuels including oil: US$19.3 billion (Up by 64.9% since 2020), Vegetables: $132.5 million (Down by -24.3%), Gems, precious metals: $91.4 million (Down by -50.7%), Fertilizers: $75.5 million (Reversing a -$90.3 million deficit), Organic chemicals: $59.5 million (Up by 238.6%), Plastics, plastic articles: $54.2 million (Reversing a -$181.4 million deficit), Machinery including computers: -US$1.7 billion (Up by 13.8% since 2020), Electrical machinery, equipment: -$966.7 million (Up by 1.6%), Pharmaceuticals: -$524.5 million (Up by 39.3%), Articles of iron or steel: -$496.4 million (Down by -9.6%), Iron, steel: -$255.3 million (Down by -25.9%), Optical, technical, medical apparatus: -$208.1 million (Down by -5.2%), Paper, paper items: -$195.7 million (Up by 19.2%), Akkord Industry Construction Investment Corp (construction materials). Advanced users can use our Python/R/Matlab packages. Azerbaijan exports for 2018 was $25.48B, a 28.45% increase from 2017. U.S. Department of Commerce 15.9% ($2.19 billion): 2711 - Petroleum gases and other gaseous hydrocarbons. Travelers can import personal items and valuables up to a certain amount without filling out a customs declaration. Standard users can export data in a easy to use web interface or using an excel add-in. Azerbaijan Country Growth v/s World Growth v/s GDP Growth the government of azerbaijan must approve, certify, or license the exporting or importing of weapons, military equipment, explosives, special types of scientific and technical information for production of weapons, nuclear and radioactive materials and technologies, narcotic and psychotropic substances, blood and blood components, and unprocessed We have a plan for your needs. 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. Washington, DC 20230. Table reflects only those months for which there was trade. Goods imported into Azerbaijan for processing and later re-exported are subject to normal duties and taxes at the time of importation. Travelers can import up to $10,000 or the equivalent, 3 liters of alcohol, 600 cigarettes, and 20 grams of gold or jewelry without filing a declaration. International Trade Administration Goods, tools, equipment, supplies, and services required to successfully carry out the PSAs objectives are generally exempt from import duties and taxes. External links to other Internet sites should not be construed as an endorsement of the views or privacy policies contained therein. Facing a Foreign Trade AD/CVD or Safeguard Investigation? For example, poultry meat import tariffs are set at $1 per kilogram and eggs are charged at $100 per 1,000 chicken eggs. U.S. Department of Commerce Download Historical Data Save as Image Azerbaijan's other exports include sugar, fruits, metals and polymers.Azerbaijan's main exports partners are Italy, the United Kingdom, the United States, Israel, Indonesia, France and Turkey. Secure .gov websites use HTTPS In 2021, imports for Azerbaijan was 16,336 million US dollars. Data on U.S. FDI in Azerbaijan are not available. Russia. Heydar Isayev contributed reporting. Exports The top exports of Azerbaijan are Crude Petroleum ($9.3B), Petroleum Gas ($2.2B), Refined Petroleum ($292M), Gold ($211M), and Tomatoes ($201M), exporting mostly to Italy ($4.06B), Turkey ($2.61B), Russia ($728M), Greece ($514M), and Georgia ($490M). USA.gov|FOIA|Privacy Program|EEO Policy|Disclaimer|Information Quality Guidelines |Accessibility, Official Website of the International Trade Administration, Azerbaijan - Import Requirements and Documentation, Comply with U.S. and Foreign Export Regulations. The Trading Economics Application Programming Interface (API) provides direct access to our data. Russia is the leading export partner of Azerbaijan with regards to non-oil products, as well as the 4 th largest export partner of Azerbaijan. Iron or steel products: $26.2 million 7. Prohibited and restricted imports and exports are subject to change. Sugar: $29.5 million 6. There is no formal procedure to submit an application. Azerbaijan's main imports partners are Turkey, Russia, Germany, the United Kingdom, the United States and Italy. Medication for personal use can be brought into Azerbaijan without a declaration. , two years after a ceasefire agreement, to agree on any terms transportation! 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