Azerbaijan is located in the southeastern Caucasus between the Black Sea and the Caspian Sea and serves as a key link between Europe and Asia. Ongoing investments in transport and logistics infrastructure strengthen the country’s role as a regional logistics hub.
The oil and gas sector remains the backbone of the Azerbaijani economy, accounting for around 86% of total merchandise exports in 2024 (oil: 54.4%, gas: 31.7%). While non-oil exports still represent a relatively small share, they are gaining importance under the government’s economic diversification strategy, particularly in food products, chemicals, and petrochemicals.
The European Union is Azerbaijan’s most important trading partner. In 2024, 41.0% of exports were destined for Italy, followed by Türkiye (14.4%) and Russia (4.4%). Germany ranked among Azerbaijan’s key export markets with a 2.9% export share.
In bilateral trade with Germany, German exports to Azerbaijan amounted to EUR 624 million, while imports from Azerbaijan reached EUR 1.078 billion, mainly crude oil (over 97%). Germany ranked 82nd among export destinations and 70th among import partners.
(Source: Germany Trade & Invest, December 2025)