Balance of trade in goods and services rose 2.00% to AZN 15.6 bil in Azerbaijan in 2021, according to the National Statistical Office.
Historically, balance of trade in goods and services in Azerbaijan reached an all time high of AZN 17.0 bil in 2008 and an all time low of AZN -2.04 bil in 2004. When compared to Azerbaijan's main peers, balance of trade in goods and services in Azerbaijan amounted to AZN 15.6 bil, GEL -9.87 bil in Georgia, IQD 871,160 bil in Iran and RUB 12,505 bil in Russia in 2021.
Azerbaijan has been ranked 47th within the group of 152 countries we follow in terms of balance of trade in goods and services, 3 places below the position seen 10 years ago.
| Balance of Trade In Goods and Services (Local Currency) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Armenia | AMD bil | -617 | -435 | -599 | -824 | -878 | ||||||||||||||||
| Azerbaijan | AZN bil | 1.62 | 1.68 | 4.71 | 13.2 | 10.1 | ||||||||||||||||
| China | CNY bil | 2,235 | 1,698 | 1,458 | 605 | 917 | ||||||||||||||||
| Georgia | GEL bil | -5.78 | -5.46 | -4.48 | -4.74 | -4.41 | ||||||||||||||||
| Germany | EUR bil | 230 | 231 | 232 | 205 | 196 | ||||||||||||||||
| Iran | IQD bil | -239,768 | 278,894 | 121,591 | 441,076 | -1,036,166 | ||||||||||||||||
| Iraq | IRR bil | -1,097 | 3,207 | 17,847 | 42,499 | 19,645 | ||||||||||||||||
| Japan | JPY bil | -2,980 | 4,386 | 4,202 | 111 | -1,614 | ||||||||||||||||
| Pakistan | PKR bil | -1,769 | -2,365 | -3,210 | -4,100 | -4,434 | ||||||||||||||||
| Russia | RUB bil | 6,686 | 4,444 | 4,873 | 10,392 | 8,372 | ||||||||||||||||
| Turkey | TRY bil | -47.6 | -56.8 | -115 | -9.34 | 102 | ||||||||||||||||
| Turkmenistan | TMT bil | -12.5 | -22.5 | -11.5 | 14.5 | ... | ... | ... | ||||||||||||||
| USA | UYU bil | -526 | -506 | -537 | -593 | -579 |
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