Country Information

Country Information provides a general overview of Azerbaijan and its economic situation as well as key facts about the country.

About Azerbaijan and impressions

About Azerbaijan

Azerbaijan is situated on the south-eastern part of the Caucasus, which stretches for more than 800 km from the Black to the Caspian Sea. Located at the crossroads of Europe and Asia, Azerbaijan has a great potential for transit, which is further enhanced by the well-developed road infrastructure. As a logistical hub of the region, Azerbaijan plays a significant role in the economic and cultural relations with the rest of the world.

The Oil & Gas sector is the core of Azerbaijan’s economy, accounting for 90.5% of the country’s total exports in 2017. Currently, diversification of economy and promoting export potential are major goals of the government. In the light of this, non-oil exports increased by 24% in 2017 compared to 2016.

The EU is the largest trade partner of Azerbaijan, with a 54% share in the country’s total exports and a 22% share in total imports. (2017) Germany ranks the 5th place among Azerbaijan’s main trade partners, having a 4.99% share in Azerbaijan’s total trade turnover (Jan-June 2018).