As a strategically positioned country, Azerbaijan heavily relies on imports to meet its domestic needs and support its economic growth. The major imports of Azerbaijan include machinery and mechanical appliances, electrical machinery and equipment, vehicles and automotive parts, mineral fuels and oils, pharmaceuticals, plastics and plastic articles, iron and steel, food products, organic chemicals, and optical, photographic, and medical instruments. The closest trading partners for each category vary, with countries like Turkey, Russia, and Germany emerging as prominent suppliers across multiple sectors. Understanding these import trends and partnerships is crucial for analyzing Azerbaijan's economic landscape, identifying areas of collaboration, and formulating effective trade policies.
Machinery and Mechanical Appliances:
Machinery and mechanical appliances hold the top position in Azerbaijan's imports by volume. With a total import value of approximately $3 billion, Azerbaijan relies on these imports to support its industrial and manufacturing sectors. The primary trading partners in this sector are Turkey, China, and Russia.
Electrical Machinery and Equipment:
Azerbaijan relies on imports of electrical machinery and equipment to meet its technological needs. The import volume for this category stands at $2.5 billion. The primary trading partners in this sector are Turkey, China, and Germany.
Vehicles and Automotive Parts:
Imported vehicles and automotive parts are crucial for transportation and mobility in Azerbaijan. The import volume for this category is valued at $2 billion. The primary trading partners for vehicle and automotive parts imports are Russia, Turkey, and Germany.
Mineral Fuels and Oils:
Azerbaijan imports a significant amount of mineral fuels and oils to meet its energy requirements. With an import value of $1.5 billion, this category holds a prominent position. The primary countries supplying mineral fuels and oils to Azerbaijan are Russia, Kazakhstan, and Iran.
Pharmaceutical products are crucial for Azerbaijan's healthcare sector. The import volume for this category stands at $1 billion. The primary trading partners for pharmaceutical imports are Russia, Germany, and Turkey.
Plastics and Plastic Articles:
Azerbaijan imports a substantial amount of plastics and plastic articles for various sectors, including packaging and manufacturing. This category accounts for an import volume of $800 million. The primary trading partners for plastics and plastic articles are Turkey, Russia, and China.
Iron and Steel:
Imported iron and steel are vital for Azerbaijan's construction and manufacturing industries. This category's import volume is valued at $700 million. The primary trading partners for iron and steel imports are Russia, Turkey, and Ukraine.
Azerbaijan imports a considerable volume of food products to supplement its domestic consumption. The import value for this category is approximately $600 million. The primary trading partners for food product imports are Russia, Turkey, and Iran.
Imported organic chemicals are essential for Azerbaijan's chemical industry. The import volume for this category is valued at $500 million. The primary trading partners in this sector are Russia, Germany, and China.
Optical, Photographic, and Medical Instruments:
Azerbaijan relies on imports of optical, photographic, and medical instruments to support its healthcare and research sectors. The import volume for this category stands at $400 million. The primary suppliers in this sector are Germany, China, and the United States.