PremiumAzerbaijan tallies its trade turnover with EU in 2024 - list

BAKU, Azerbaijan, January 25. Azerbaijan's trade turnover with European Union (EU) countries amounted to $19.6 billion in 2024.

Data obtained by Trend from the State Customs Committee indicates that this figure decreased by 21.1 percent ($5.2 billion) from 2023.

Last year, Azerbaijan conducted export operations worth $16.8 billion with the EU countries ($5 billion or 22.9 percent less than last year), and import operations of $2.8 billion ($219.7 million or 7.3 percent less than the previous year).

The share of EU countries in Azerbaijan's total export volume for the reporting period was 63.31 percent, while in the total import volume it was 13.2 percent.

In 2024, the total trade turnover between Azerbaijan and Italy reached $11.4 billion. During this period, Azerbaijan exported goods worth $10.9 billion to Italy, while imports from Italy amounted to $515.8 million. Trade operations with Italy accounted for 23.92 percent of the country's total trade during the reporting year.

Table of trade turnover of Azerbaijan with EU countries:

In 2024, Azerbaijan carried out trade operations with foreign countries (180 countries) in the amount of $47.6 billion. Exports accounted for $26.5 billion of foreign trade turnover and $2.6 billion for imports.