azerbaijan trade partners

The Länkäran region of southern Azerbaijan is well endowed by nature; warm-climate crops, such as tea, feijoa (a fruit-bearing shrub), rice, grapes, tobacco, and citrus trees, flourish there. Considerable portions of the rail network are electrified. Because the average altitude is 4,900 feet, it is one of the areas in the country where broken relief impedes the development of transport, industry, and agriculture. Trade routes have crossed this part of Azerbaijan from time immemorial, and the ancient town of Ganja (Gäncä) was founded here. In 2018, Azerbaijan's exports per capita were $2k and its imports per capita were $1.2k. Benefits for UK businesses exporti… The second lists top trade partners of Azerbaijan regarding import total (buying). Azerbaijan was part of the Soviet Union until it proclaimed independence in 1991, and Russia has long been an important trading partner for the country of … Trade: The top exports of Azerbaijan are Crude Petroleum ($16.1B), Petroleum Gas ($1.52B), Refined Petroleum ($524M), Tomatoes ($177M), and Gold ($151M). It is an industrial centre, with food, engineering, chemical, and nonferrous metallurgical industries. Grapes, tobacco, and grain are the main crops; wine-making, silk-making, and electrical engineering are the main industries. In addition to oil and gas, UK companies have been successful in areas such as construction management and design, retail and education. The region also produces spring and winter vegetables. By signing up for this email, you are agreeing to news, offers, and information from Encyclopaedia Britannica. Read more. Azerbaijan’s other exports include sugar, fruits, metals and polymers.Azerbaijan’s main exports partners are Italy, the United Kingdom, the United States, Israel, Indonesia, France and Turkey. In 2017 the GDP of Azerbaijan was $40.7B and its GDP per capita was $17.4k. The Mugano-Salyan region, lying south of the Kura River and within the boundaries of the Mili and Mugan plains, specializes in cotton growing (under irrigation), producing about seven-tenths of the gross cotton output of Azerbaijan. Turkey, Russia and Azerbaijan are Georgia’s top trade partners this year, shows the preliminary data from the National Statistics Office of Georgia (Geostat).. Georgia’s top 10 trade partners in January-June 2019 made for 67.2 per cent of the country’s total trade turnover, with Turkey ($843 million), Russia ($677.8 million) and Azerbaijan ($508.9 million) filling the top three spots. Overall Azerbaijan achieved a $6 billion trade surplus for 2019, down by -25.2% from the $8 billion in black ink one year earlier. Animal husbandry constitutes a large percentage of the gross agricultural output, the leading branches being sheep and pig raising. Turkey was Azerbaijan's largest trade partner among OIC countries, with a trade turnover of $3.5 billion during the period of January-October 2020, the State Customs Committee has reported. Motor transport is used extensively for both freight and passengers. Azerbaijan exports chemicals, machinery, food (particularly grapes and other fruits and vegetables), beverages, petroleum and natural gas, iron and steel, nonferrous metals, and other products; its imports include iron and steel, machinery, and food and beverages, particularly meat and milk. Global Insights ... View All Export/Import Trade Partners Traded Goods (at the 2-digit HS Code level) Top 10 Export Goods. Baku, on the Caspian, is a busy seaport, handling such goods as oil, timber, grain, and cotton. Kazakhstan comes in at third place in Azerbaijan's Top 3 largest trade partners among CIS states. Agricultural production is concentrated in the mountain valleys. Roads connect various parts of the country and are often the only means of land communication between remote mountain districts and the administrative centres and large cities. Azerbaijan has been the world’s fastest growing economy in recent years mainly due to its oil and gas development and the liberalisation of its trade system. Its share of the trade turnover with CIS countries is approximately 50%. Azerbaijan’s primary trading partners are Russia, Turkey, China, and Italy; the country also has trade links with Georgia, Belarus, Britain, Israel, and the Central Asian republics. The bilateral trade with Turkey made $3.591.6 billion, while it amounted to $296.2 million with Tunis, and $274 million with Iran, according to … In 2017, Azerbaijan exported $14.3B and imported $8.1B, resulting in a positive trade balance of $6.17B. Special breeds of sheep are raised; their skins are used in the local fur industry. The top ten trade partners of Azerbaijan also includes Russia - 1,081 bln dollars (6%), France - 996,961 mln dollars (5.5%), Turkey - 970,315 mln dollars (5.4%), US - 814,373 mln dollars (4.5%), Israel - 781,507 mln dollars (4.3%), India - 605,690 mln dollars (3.34%) and Spain - 466,187 mln dollars (2.6%). The Mingäçevir hydroelectric station is located there. Cotton-ginning plants are located in Bärdä, Salyan, and Äli-Bayramlı, all of which, in addition to being on the Kura River, have the advantage of being located on railways and motor roads. A major railway line traverses the Kura valley and connects Baku with Tbilisi and Batumi in Georgia. Italy, Turkey and Israel are Azerbaijan's main export partners. Turkey, Tunis and Iran were the largest trade partners of Azerbaijan among the OIC member countries in January-March this year, according to State Customs Committee. The volume of export of Azerbaijani products to Turkey amounted to $2.3 billion, while the import from Turkey amounted to $1.2 billion. Be on the lookout for your Britannica newsletter to get trusted stories delivered right to your inbox. . The principal goods carried are oil products, building materials, timber, and grain. The trade turnover between the countries amounted to $6 billion in 2019. Azerbaijan has no trade with Armenia because of the conflict over Nagorno-Karabakh. Dec. 2, 2020. Baku owes its modern growth to the development of the oil industry; oil derricks encircle the city, and the oil refineries and processing plants attract workers from many areas. In Kürdämir a fragrant dessert wine is produced. Spain was Azerbaijan’s largest trade partner among the Spanish-speaking countries in the first ten months of 2020, with trade between the two countries amounting to $398.1 million, the State Customs Committee has reported. By Ayya Lmahamad Italy remained Azerbaijan’s main trading partner in the period between January and September 2020, the State Customs Committee has reported. There are currently more than 450 UK companies doing business in Azerbaijan. Modern Sumqayıt, 22 miles (35 kilometres) northwest of Baku, is currently a centre of the iron and steel, nonferrous metallurgical, and chemical industries, although the development of light engineering is envisaged. Azerbaijan Trade Statistics . Agricultural products include tobacco, aromatic plants (mint, basil, and roses), rice, corn (maize), and various fruits. The Şäki-Zaqatala region includes the towns of Şäki, Zaqatala, and Balakän. Azerbaijan Trade Statistics. Azerbaijan’s exports are dominated by oil and natural gas, which account for around 95 percent of total export revenues. Prezi Video + Unsplash: Access over two million images to tell your story through video Azerbaijan is also one of the most significant trading partners of Georgia. Azerbaijan Major Exports . The towns of Länkäran, Astara, and Masallı are small, and local industry is mostly concerned with the processing of agricultural goods, while in the mountains the Talysh people make colourful rugs and carpets. During the period the largest importer of Azerbaijan was Italy. The volume of export of Azerbaijani products to Turkey amounted to $2.3 billion, while the import from Turkey amounted to $1.2 billion. The area is also a major producer of hazelnuts and walnuts. Iran, United Arab Emirates (UAE), and Saudi Arabia were Azerbaijan's key trade partners among the countries of the Persian Gulf region in January-October of this year, according to the country’s State Customs Committee. The best varieties of pomegranates are grown near Göyçay. Market Value: 47,163 (millions) – Last Updated: June, 2019. During the reporting period, the export of Azerbaijani products to Russia amounted to $565.5 million, while the import from Russia amounted to $1.6 billion. 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