Overview In February 2023, Germany exported €46.7M and imported €83.1M from Azerbaijan, resulting in a negative trade balance of €36.5M. Between February 2022 and February 2023 the exports of Germany have increased by €19.9M (74.4%) from €26.7M to €46.7M, while imports decreased by €-23M (-21.7%) from €106M to €83.1M.
Trade In February 2023, the top exports of Germany to Azerbaijan were Printed products (€5.48M), Pharmaceutical products (€4.46M), Motor cars and motor caravans (€2.91M), Other machinery (€2.55M), and Mineral oil products (€893k). In February 2023 the top imports of Germany from Azerbaijan were Petroleum oil and petroleum gases (€70.1M), Nuts and dried fruits (€1.95M), Other raw materials inclusive waste (€268k), Returned goods (€116k), and Other textile products (€44k).
Origins In February 2023 the exports of Germany were mainly from Baden-Württemberg (€8.07M), Bavaria (€5.6M), North Rhine-Westphalia (€4.98M), Lower Saxony (€2.32M), and Mecklenburg-Vorpommern (€1.33M), while imports destinations were mainly Baden-Württemberg (€77.5M), Bavaria (€3.65M), North Rhine-Westphalia (€1.13M), Hesse (€406k), and Lower Saxony (€280k).
Growth In February 2023, the increase in Germany's year-by-year exports to Azerbaijan was explained primarily by an increase in product exports in Printed products (€5.48M or 274k%), Pharmaceutical products (€2.02M or 82.5%), and Other machinery (€886k or 53.3%). In February 2023, the decrease in Germany's year-by-year imports from Azerbaijan was explained primarily by an decrease in product imports in [object Object], [object Object], and [object Object].