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 92.1% of the country’s total exports in the first 10 months of 2018. Currently, diversification of economy and promoting export potential are major goals of the government. In the light of this, non-oil exports increased by 13% in 2018 compared to 2017.

The EU is the largest trade partner of Azerbaijan, with a 54% share in the country’s total exports and a 20.5% share in total imports. (2018) Germany ranks the 4th place among Azerbaijan’s main trade partners, having a 4.8% share in Azerbaijan’s total trade turnover (Jan-Oct 2018).