Azerbaijan

Azerbaijan ranked No. 130 in total trade value through July with a total of $136.28 million. Exports totaled $106.6 million and Imports totaled $29.68 million, a surplus of $76.92 million.

U.S. trade with Azerbaijan rose to $136.28 million through July

Azerbaijan’s trade with the United States rose to $136.28 million through the first seven months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 10.83 percent above its total trade during the same time period last year. U.S. exports to Azerbaijan decreased 0.51 percent while U.S. imports from Azerbaijan rose 87.73 percent. The U.S. surplus with Azerbaijan was $76.92 million.

Through July, the top five among the nation’s airports, seaports and border crossings were No. 1 Chicago O’Hare International Airport; No. 2 Port of Houston; No. 3 John F. Kennedy International Airport; No. 4 Pal-Waukee Municipal Airport, Ill.; and No. 5 Port of New Orleans. During the same period the previous year, the top five were No. 1 Port of Houston; No. 2 Chicago O’Hare International Airport; No. 3 John F. Kennedy International Airport; No. 4 Houston Int’l Airport and No. 5 Dallas-Fort Worth International Airport, Texas. In the current time period, the top five accounted for 79.28 percent of Azerbaijan’s U.S. trade.

Among those top five:

  • Trade with No. 1 Chicago O’Hare International Airport rose 73.51 percent to $45.97 million.
    Exports rose 49.36 percent to $34.4 million. Imports rose 234.3 percent to $11.57 million.
  • Trade with No. 2 Port of Houston fell 9.8 percent to $37.78 million.
    Exports fell 19.82 percent to $33.3 million. Imports rose 1165.36 percent to $4.48 million.
  • Trade with No. 3 John F. Kennedy International Airport fell 52.29 percent to $8.83 million.
    Exports fell 43.33 percent to $8.44 million. Imports fell 89.2 percent to $390,299.
  • Trade with No. 4 Pal-Waukee Municipal Airport, Ill. rose 1656.44 percent to $8.71 million.
    Exports rose 1656.44 percent to $8.71 million. There were no imports.
  • Trade with No. 5 Port of New Orleans rose 701.28 percent to $6.74 million.
    Exports fell 46.93 percent to $328,870. Imports rose 2792.66 percent to $6.41 million.

Azerbaijan ranked No. 130 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 126.

Meanwhile, total U.S. trade with the world increased to $2.08 trillion, down 49.83 percent compared to the same period last year. The nation’s exports dropped 51.38 percent to $799.82 billion; imports dropped 48.81 percent to $1.28 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $479.12 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Azerbaijan by value through July were the categories of Civilian aircraft, parts; Parts for heavy machinery; Miscellaneous machines, parts; Taps, cocks and valves for pipes, tanks; and Catalytic converters, air filters, oil filters, etc., respectively. They accounted for 43.39 percent of total exports to Azerbaijan.

The value of the top five categories of U.S. imports from Azerbaijan –– Returned exports, without change; Nitrogenous fertilizers; Aluminum plates, sheets, strip more than 0.2mm thi; Electric ignition equipment; and Fruit and vegetable juices, not fortified –– accounted for 94.45 percent of all inbound shipments.

Looking more closely at U.S. exports to Azerbaijan:

  • Civilian aircraft, parts rose 243.94 percent compared to last year to $21.79 million.
  • Parts for heavy machinery rose 44.56 percent compared to last year to $11.57 million.
  • Miscellaneous machines, parts rose 7.85 percent compared to last year to $5.29 million.
  • Taps, cocks and valves for pipes, tanks fell 16.93 percent compared to last year to $3.84 million.
  • Catalytic converters, air filters, oil filters, etc. fell 41.67 percent compared to last year to $3.77 million.

Looking more closely at U.S. imports from Azerbaijan:

  • Returned exports, without change rose 80.88 percent compared to last year to $17.13 million.
  • Nitrogenous fertilizers totaled $6.22 million. The previous year, there were no imports in this category.
  • Aluminum plates, sheets, strip more than 0.2mm thi rose 108.76 percent compared to last year to $3.89 million.
  • Electric ignition equipment fell 64.65 percent compared to last year to $532,774.
  • Fruit and vegetable juices, not fortified fell 24.35 percent compared to last year to $268,786.

In the latest annual figures available, Azerbaijan recorded $401.45 million in trade with the United States. Total U.S. exports to Azerbaijan were $ 375.42 million and imports from Azerbaijan were $26.03 million. The U.S. surplus with Azerbaijan was $349.4 million.