On this page you will find beneficial information regarding foreign direct investment in / trading with Azerbaijan. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Presidential Republic
Population: 10.14 million (2021)
GDP: 54.62 billion USD (2021)
Corporate Tax Rate: 20%
Personal Income Tax Rate: 25%
Major Exports: Crude Petroleum ($13.5B), Petroleum Gas ($5.73B), Refined Petroleum ($641M), Raw Cotton ($209M), and Gold ($202M), exporting mostly to Italy ($9.46B), Turkey ($2.83B), Russia ($931M), Israel ($898M), and Croatia ($741M).
Major Imports: Cars ($815M), Wheat ($354M), Packaged Medicaments ($308M), Broadcasting Equipment ($283M), and Refined Petroleum ($260M), importing mostly from Turkey ($2.37B), Russia ($2.24B), China ($1.28B), United Kingdom ($531M), and Georgia ($528M).