External balance on goods and services in Azerbaijan
Azerbaijan: External balance on goods and services was 4.72 billion current US$ in 2025. ◆ Volatile
External balance on goods and services in Azerbaijan, 1990–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2025, external balance on goods and services in Azerbaijan stood at 4.72 billion current US$.
Compared with earlier readings it is down 30.3% on the previous year and up 197.6% over ten years.
Over the whole period, external balance on goods and services in Azerbaijan peaked at 26.00 billion current US$ in 2022 and was at its lowest, -2.08 billion current US$, in 2004.
Azerbaijan ranks 46th of 193 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in Azerbaijan, year by year
| Year | current US$ | Change |
|---|---|---|
| 1990 | 412.12 million current US$ | — |
| 1991 | 238.00 million current US$ | -42.2% |
| 1992 | 140.54 million current US$ | -40.9% |
| 1993 | -291.55 million current US$ | -307.4% |
| 1994 | -70.48 million current US$ | -75.8% |
| 1995 | -505.72 million current US$ | +617.5% |
| 1996 | -984.48 million current US$ | +94.7% |
| 1997 | -951.35 million current US$ | -3.4% |
| 1998 | -1.42 billion current US$ | +48.8% |
| 1999 | -636.14 million current US$ | -55.1% |
| 2000 | 94.54 million current US$ | -114.9% |
| 2001 | 238.69 million current US$ | +152.5% |
| 2002 | -454.14 million current US$ | -290.3% |
| 2003 | -1.71 billion current US$ | +277.1% |
| 2004 | -2.08 billion current US$ | +21.3% |
| 2005 | 1.33 billion current US$ | -164.0% |
| 2006 | 5.82 billion current US$ | +337.8% |
| 2007 | 13.09 billion current US$ | +124.9% |
| 2008 | 20.67 billion current US$ | +57.9% |
| 2009 | 12.64 billion current US$ | -38.9% |
| 2010 | 17.79 billion current US$ | +40.8% |
| 2011 | 21.33 billion current US$ | +19.9% |
| 2012 | 19.29 billion current US$ | -9.6% |
| 2013 | 16.43 billion current US$ | -14.8% |
| 2014 | 12.84 billion current US$ | -21.9% |
| 2015 | 1.59 billion current US$ | -87.6% |
| 2016 | 1.05 billion current US$ | -33.7% |
| 2017 | 2.74 billion current US$ | +160.0% |
| 2018 | 7.78 billion current US$ | +184.4% |
| 2019 | 5.92 billion current US$ | -23.9% |
| 2020 | -329.06 million current US$ | -105.6% |
| 2021 | 9.15 billion current US$ | -2880.9% |
| 2022 | 26.00 billion current US$ | +184.1% |
| 2023 | 10.47 billion current US$ | -59.7% |
| 2024 | 6.77 billion current US$ | -35.3% |
| 2025 | 4.72 billion current US$ | -30.3% |
Azerbaijan compared with similar countries
- Azerbaijan's 4.72 billion current US$ is above the median for upper middle income countries, which is -347.73 million current US$. (53 countries reporting)
- Azerbaijan's 4.72 billion current US$ is above the median for Europe & Central Asia, which is -50.32 million current US$. (52 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services in Azerbaijan changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +2880.9% | -329.06 million current US$ | 9.15 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -406.43 million current US$ | -1.42 billion current US$ | 412.12 million current US$ | 10 |
| 2000s | 4.96 billion current US$ | -2.08 billion current US$ | 20.67 billion current US$ | 10 |
| 2010s | 10.68 billion current US$ | 1.05 billion current US$ | 21.33 billion current US$ | 10 |
| 2020s | 9.46 billion current US$ | -329.06 million current US$ | 26.00 billion current US$ | 6 |
Countries ranked near Azerbaijan
More economy & growth data for Azerbaijan
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.06 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.42 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 910.20 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.012 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 88.83 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 374.19 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 61.79 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0049 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 36.52 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 6.75 % change on previous year (2025)
Frequently asked questions
- What is external balance on goods and services in Azerbaijan?
- External balance on goods and services in Azerbaijan was 4.72 billion current US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Azerbaijan?
- The highest recorded value was 26.00 billion current US$ in 2022.
- What is the lowest external balance on goods and services recorded in Azerbaijan?
- The lowest recorded value was -2.08 billion current US$ in 2004.
- How does Azerbaijan rank for external balance on goods and services?
- Azerbaijan ranks 46th out of 193 countries with data for 2025.
- Is external balance on goods and services rising or falling in Azerbaijan?
- Over the last ten years it is up 197.6%. The long-run trend across the full record is volatile.
- Where does this Azerbaijan data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.