Overview In 2021, Azerbaijan was the number 82 economy in the world in terms of GDP (current US$), the number 71 in total exports, the number 103 in total imports,
the number 94 economy in terms of GDP per capita (current US$) and the number 85 most complex economy according to the Economic Complexity Index (ECI) .
Exports The top exports of Azerbaijan are Crude Petroleum ($13.5B), Petroleum Gas ($5.73B), Refined Petroleum ($641M), Raw Cotton ($209M), and Gold ($202M), exporting mostly to Italy ($9.46B), Turkey ($2.83B), Russia ($931M), Israel ($898M), and Croatia ($741M).
Imports The top imports of Azerbaijan are Cars ($815M), Wheat ($354M), Packaged Medicaments ($308M), Broadcasting Equipment ($283M), and Refined Petroleum ($260M), importing mostly from Turkey ($2.37B), Russia ($2.24B), China ($1.28B), United Kingdom ($531M), and Georgia ($528M).
Location Azerbaijan borders Armenia, Georgia, Iran, Russia, and Turkey by land and Turkmenistan by sea.