Large domestic and regional markets

The volume of Azerbaijan's foreign trade turnover amounted to $52.6 billion in 2022, marking a 55% increase from 2021. Export amount in 2022 was almost 2.6 times higher than imports, reaching the highest amount since 2008. Non-hydrocarbon exports rose by 12% with respect to 2021. 


Azerbaijan has free trade agreements (FTAs) with 10 regional countries. Under the FTAs, goods can be imported from those countries free of customs duties. In 2021 preferential trade agreement (PTA) with Türkiye has entered into force.


Total population of agreement made countries, including Azerbaijan equals 367 million, with the nominal GDP amount of $3.2 trillion.


Export & Import indicators



FTA & PTA map



GDP per capita