On 29 January, Azerbaijan’s State Customs Committee (SCC) stated that the foreign trade surplus of the country amounted to $10.5 billion in 2021, reported azernews.

Last year, the country's trade turnover amounted to $33.9 billion. Of the total turnover, export amounted to $22.2 billion or 65.4%, while imports were valued at $11.7 billion or 34.5%, resulting in a surplus of $10.5 billion. Moreover, legal entities and individual entrepreneurs in the country carried out trade operations with partners in 188 countries.

In terms of export, the EU countries accounted for $13 billion or 58.8%, the CIS countries for $1.7 billion or 8%, and other countries for $7.3 billion or 33.1% of the country's total export. The volume of trade turnover of Azerbaijan with the EU countries made up USD 15,201 billion. last year, which is 62.9% more in comparison to 2020.

As to imports, the CIS countries accounted for $2.9 billion or 25%, the EU countries accounted for $2.1 billion or 18.2% and other countries for $6.6 billion or 56.7% of the country's imports during the reported period.

In terms of exports, the main volume came from products of the oil and gas sector with 87.7%, while the non-oil and gas sector amounted to 12.2% of the total export volume.

Azerbaijan's main export transactions during the reported year were with Italy ($9.2 billion), Turkey ($2.8 billion), Russia ($920.8 million), Israel ($898 million), and Croatia ($751.2 million). Azerbaijan's main import partners were Russia ($2 billion), Turkey ($1.8 billion), China ($1.6 billion), Germany ($634.3 million), and Ukraine ($470 million).