Oil, Natural gas, Sugar, Fruit, Metals
BUSINESS OPPORTUNITIES IN AZERBAIJAN
Exports of Azerbaijan decreased from $48,48,326.50 in Q4 of 2019 to $44,63,169 in Q1 of 2020. On the other hand, the country’s imports decreased from $32,12,064.50 in Q4 of 2019 to $25,90,101 in Q1 for the year 2020.
Oil and natural gas account for 95% of the total export revenue of the country. The country’s other exports include sugar, fruits, metals and polymers. The main export partners are Italy, the United Kingdom, the United States, Israel, Indonesia, France and Turkey.
The main part of the country’s imports is passenger cars, wheat, cigarettes, pharmaceutical products, sugar and machines. The main import partners of Azerbaijan are Turkey, Russia, Germany, the United Kingdom, the United States and Italy.