Economic Relations between Turkey and Azerbaijan

Azerbaijan Economic Statistics (2018)

GDP : 45 billion USD

GDP Growth Rate : %1

GDP per sector : Agriculture:%6,2, Industry:%51,7, Services:%42,1

GDP per capita : 4.340 USD

Inflation : %2,3

Unemployment : %5

Total Foreign Currency Reserve : 44,5 billion USD

Export : 17,9 billion USD

Import : 10,3 billion USD

Currency : Manat

Trade partners: Russia, Italy, Turkey, India, Israel, Romania

Exports : Petroleum and petroleum products, food products, aluminium, textile products

Imports : Machinery, automobile, tobacco, grain

Turkey-Azerbaijan Economic Relations

Export goods: Iron/steel construction materials, cleaning products, radio/television receivers

Import goods: Petroleum/Natural gas, plastic products, raw aluminium, organic chemical products

Turkish investment in Azerbaijan : 11 USD (2002-2018)

Azerbaijani investment in Turkey : 11,2 USD (2002-2018)

Azerbaijani tourists visiting Turkey : 802.820 (2018)

Trade Volume - 2018 (USD)

Export: 1,58

Import: 1,82

Volume: 3,4

Balance: 240 (million USD)