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Goods Exports (BoP, USD) fell 11.0% to USD 26.0 bil in Azerbaijan in 2024

Goods Exports (BoP, USD) (USD bil), 2024
Economy | Azerbaijan | September 1, 2025
$2.99
Excel Sheet

Goods exports as a part of the balance of payment fell 11.0% to USD 26.0 bil in Azerbaijan in 2024, according to the National Statistical Office.

Historically, goods exports as a part of the balance of payment in Azerbaijan reached an all time high of USD 42.2 bil in 2022 and an all time low of USD 0.612 bil in 1995.

Azerbaijan has been ranked 62nd within the group of 103 countries we follow in terms of goods exports as a part of the balance of payment, 1 place below the position seen 10 years ago.

Goods Exports (BoP, USD) Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Armenia USD bil 2.72 3.36 2.72 3.28 5.71
Azerbaijan USD bil 20.8 19.9 12.6 21.7 42.2
China USD bil 2,417 2,387 2,510 3,216 3,347
Georgia USD bil 4.41 4.95 4.35 5.54 7.54
Germany USD bil 1,369 1,314 1,213 1,444 1,475
Iran USD bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Iraq USD bil ... 86.4 81.6 46.9 73.1 118 ...
Japan USD bil 736 695 631 750 752
Pakistan USD bil 24.8 24.8 21.9 29.1 31.5
Russia USD bil 444 420 334 494 592
Turkey USD bil 179 182 168 225 253
Turkmenistan USD bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
USA USD bil 1,677 1,655 1,434 1,766 2,090