Balance of trade in goods and services fell 35.3% to AZN 11.5 bil in Azerbaijan in 2024, according to the National Statistical Office.
Historically, balance of trade in goods and services in Azerbaijan reached an all time high of AZN 44.2 bil in 2022 and an all time low of AZN -2.04 bil in 2004. When compared to Azerbaijan's main peers, balance of trade in goods and services in Azerbaijan amounted to AZN 11.5 bil, GEL -6.99 bil in Georgia, IQD -7,764,527 bil in Iran and RUB 8,700 bil in Russia in 2024.
Azerbaijan has been ranked 46th within the group of 130 countries we follow in terms of balance of trade in goods and services, 2 places below the position seen 10 years ago.
| Balance of Trade In Goods and Services (Local Currency) | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Armenia | AMD bil | -824 | -878 | -616 | -549 | -81.7 | ||||||||||||||||
| Azerbaijan | AZN bil | 13.2 | 10.1 | -0.559 | 15.6 | 44.2 | ||||||||||||||||
| China | CNY bil | 605 | 917 | 2,451 | 2,972 | 3,893 | ||||||||||||||||
| Georgia | GEL bil | -4.74 | -4.58 | -9.50 | -9.87 | -7.09 | ||||||||||||||||
| Germany | EUR bil | 205 | 199 | 184 | 190 | 98.7 | ||||||||||||||||
| Iran | IQD bil | 793,210 | -1,036,166 | -2,023,638 | 871,160 | 2,122,758 | ||||||||||||||||
| Iraq | IRR bil | 42,499 | 19,645 | -4,835 | 39,953 | 84,559 | ||||||||||||||||
| Japan | JPY bil | 111 | -1,614 | -1,451 | -2,876 | -20,852 | ... | |||||||||||||||
| Pakistan | PKR bil | -4,100 | -4,434 | -3,860 | -4,985 | -7,966 | ||||||||||||||||
| Russia | RUB bil | 10,392 | 8,372 | 5,466 | 12,690 | 19,865 | ||||||||||||||||
| Turkey | TRY bil | -5.60 | 128 | -157 | 29.4 | -601 | ||||||||||||||||
| Turkmenistan | TMT bil | 12.7 | 8.20 | -0.479 | 14.1 | 25.6 | ... | |||||||||||||||
| USA | UYU bil | -593 | -577 | -626 | -860 | -959 |
Helgi Library 
