Azerbaijan
12.3M €
Exports
2024
2004 January2025 June
14.8M €
Imports
2024
2004 January2025 June
Azerbaijan is the 60th largest export partner of Estonia. In 2024, Estonia's exports to Azerbaijan amounted to €12.3M and imports from Azerbaijan to €14.8M, resulting in negative trade balance of €2.44M.
Exports
2024
In 2024, Estonia's exports to Azerbaijan amounted to €12.3M, making it the 60th largest export partner in the world. Compared to the previous year, exports from Estonia to Azerbaijan experienced decline at an annualized rate of 1.66%, from €12.5M in 2023 to €12.3M in 2024. Most recently, exports were led by ethylene polymers, which represent 20.1% of the total exports to Azerbaijan, followed by refined petroleum products, which account for 11.9%.
Imports
2024
In 2024, Estonia's imports from Azerbaijan ammounted to €14.8M, making it the 53rd largest import partner in the world. Compared to the previous year, imports from Azerbaijan to Estonia experienced growth at an annualized rate of 27.4%, from €11.6M in 2023 to €14.8M in 2024. Most recently, imports were led by oils and other products of coal tar, which represent 95.2% of the total imports from Azerbaijan, followed by fruit juices, incl. grape must, and vegetable juic..., which account for 95.2%.
Trade Balance
As of 2025 June, Estonia had positive trade balance of €1.46M with Azerbaijan. In 2024 June, it had negative trade balance of €524k.
