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Azerbaijan is the 80th largest export economy in the world. In 2016, Azerbaijan exported $27B and imported $23B, resulting in a positive trade balance of $4.05B.

The top exports of Azerbaijan are Crude Petroleum ($10.4B), Petroleum Gas ($1.07B), Refined Petroleum ($535M), Ethylene Polymers ($121M) and Other Nuts ($107M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Unspecified ($489M), Valves ($470M), Wheat ($277M), Iron Pipes ($267M) and Other Large Iron Pipes ($265M).

Azerbaijan borders Armenia, Georgia, Iran, Turkey and Russia by land and Turkmenistan by sea.

Economic Complexity of Azerbaijan

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