Azerbaijan's major exports showcase the country's rich natural resources, particularly in oil and gas, as well as its growing industries in chemicals, machinery, textiles, and agriculture. The export of crude oil and petroleum products remains the backbone of Azerbaijan's economy, with significant volumes exported to countries like Italy, Turkey, and Israel. Natural gas exports also contribute significantly to the country's export revenue, with Georgia, Turkey, and Greece being key trading partners.
Azerbaijan's diverse range of chemical products, metals and metal products, food products, machinery and equipment, textiles and apparel, agricultural products, plastics and rubber products, and pharmaceuticals demonstrate the country's ability to leverage its resources and develop various sectors for international trade. The country's trading partners span a wide range of countries, including Russia, Turkey, Italy, and Ukraine, reflecting Azerbaijan's commitment to expanding its market reach and establishing robust trade relationships.
Crude Oil and Petroleum Products
Crude oil and petroleum products are the cornerstone of Azerbaijan's export sector. The country is known for its significant oil reserves and annual exports millions of barrels of crude oil, refined petroleum, and related products. The export value for crude oil and petroleum products is estimated at around $10 billion. Azerbaijan's closest trading partners for oil and petroleum exports include Italy, Turkey, and Israel.
Natural Gas
Azerbaijan possesses substantial natural gas reserves, and the export of natural gas plays a pivotal role in its economy. The annual export volume of natural gas is estimated to be around 10 billion cubic meters, with an export value of approximately $3 billion. Key trading partners for Azerbaijan's natural gas include Georgia, Turkey, and Greece.
Chemical Products
Azerbaijan exports a wide range of chemical products, including fertilizers, plastics, and chemical compounds. The annual export volume for chemical products is approximately $2 billion. The primary trading partners for Azerbaijan's chemical exports include Russia, Turkey, and Italy.
Metals and Metal Products
The metals and metal products industry holds significant importance in Azerbaijan's export portfolio. The country exports various metals, including iron, steel, and aluminum, along with their respective products. The annual export volume for metals and metal products is estimated at around $1.5 billion. Key trading partners for Azerbaijan's metal exports include Russia, Turkey, and Switzerland.
Food Products
Azerbaijan exports a diverse range of food products, including fruits, vegetables, dairy products, and confectionery. The annual export volume for food products is approximately $1 billion. The closest trading partners for Azerbaijan's food exports include Russia, Turkey, and the United Arab Emirates.
Machinery and Equipment
Azerbaijan's machinery and equipment industry is steadily gaining momentum in its export sector. The country exports machinery, electrical equipment, and mechanical appliances. The annual export volume for machinery and equipment is estimated at around $800 million. Key trading partners for Azerbaijan's machinery exports include Russia, Turkey, and Germany.
Textiles and Apparel
Azerbaijan exports textiles and apparel, encompassing clothing, fabrics, and accessories. The annual export volume for textiles and apparel is approximately $500 million. Primary trading partners for Azerbaijan's textile exports include Russia, Turkey, and Ukraine.
Agricultural Products
Azerbaijan's agricultural sector plays a vital role in its export economy. The country exports agricultural products such as fruits, vegetables, grains, and tea. The annual export volume for agricultural products is estimated at around $400 million. Key trading partners for Azerbaijan's agricultural exports include Russia, Turkey, and Iran.
Plastics and Rubber Products
Azerbaijan exports plastics, rubber products, and related materials. The annual export volume for plastics and rubber products is approximately $300 million. The closest trading partners for Azerbaijan's plastics and rubber exports include Russia, Turkey, and Ukraine.
Pharmaceuticals
Azerbaijan's pharmaceutical industry is growing steadily, and the country exports medications and pharmaceutical products. The annual export volume for pharmaceuticals is estimated at around $200 million. Key trading partners for Azerbaijan's pharmaceutical exports include Russia, Turkey, and Georgia.
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