Azerbaijan

Overview In 2023, Azerbaijan was the number 83 economy in the world in terms of GDP (current US$), the number 70 in total exports, the number 87 in total imports, the number 103 economy in terms of GDP per capita (current US$) and the number 84 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Azerbaijan are Crude Petroleum ($16.1B), Petroleum Gas ($10.2B), Refined Petroleum ($1.11B), Electricity ($281M), and Propylene Polymers ($210M), exporting mostly to Italy ($11.4B), Turkey ($5.85B), Israel ($1.4B), Greece ($1.27B), and Russia ($1.2B).

Imports The top imports of Azerbaijan are Cars ($2.07B), Crude Petroleum ($1.12B), Refined Petroleum ($525M), Broadcasting Equipment ($514M), and Packaged Medicaments ($430M), importing mostly from Russia ($3.16B), China ($3B), Turkey ($2.58B), Georgia ($828M), and Germany ($754M).

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