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Azerbaijan

Azerbaijan ranked No. 101 in total trade value through October with a total of $784.28 million. Exports totaled $285.7 million and Imports totaled $498.58 million, a deficit of $212.88 million.

U.S. trade with Azerbaijan rose to $784.28 million through October

Azerbaijan’s trade with the United States rose to $784.28 million through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 48.54 percent above its total trade during the same time period last year. Azerbaijan’s exports decreased 11.56 percent while imports rose 143.25 percent. The U.S. deficit with Azerbaijan was $212.88 million.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Corpus Christi, Texas; No. 2 Port of Wilmington, Dela.; No. 3 San Jose International Airport, Calif.; No. 4 Port of Houston; and No. 5 Chicago O’Hare International Airport. During the same period the previous year, the top five were No. 1 Port of Everett, Wash. No. 2 Port of Corpus Christi, Texas No. 3 Port of Houston No. 4 John F. Kennedy International Airport and No. 5 Chicago O’Hare International Airport. In the current time period, the top five accounted for 78.76 percent of Azerbaijan’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Corpus Christi, Texas rose 177.85 percent to $273.08 million.
    There were no exports. Imports rose 177.85 percent to $273.08 million.
  • Trade with No. 2 Port of Wilmington, Dela. totaled $115.45 million.
    There were no exports. Imports totaled $115.45 million.
  • Trade with No. 3 San Jose International Airport, Calif. totaled $113.55 million.
    Exports totaled $113.55 million. There were no imports.
  • Trade with No. 4 Port of Houston rose 7.96 percent to $67.53 million.
    Exports rose 5.91 percent to $50.86 million. Imports rose 14.74 percent to $16.67 million.
  • Trade with No. 5 Chicago O’Hare International Airport rose 21.04 percent to $48.08 million.
    Exports rose 77.57 percent to $47.46 million. Imports fell 95.2 percent to $624,195.

Azerbaijan ranked No. 101 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 107.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Azerbaijan by value through October were the categories of Aircraft, Spacecraft, Satellites; Civilian aircraft, parts; Miscellaneous machines, parts; Taps, cocks and valves for pipes, tanks; and Parts for heavy machinery, respectively. They accounted for 66.07 percent of total exports to Azerbaijan.

The value of the top five categories of U.S. imports from Azerbaijan –– Oil; Gasoline, other fuels; Value added to a returned import; Aluminum plates, sheets, strip more than 0.2mm thi; and Compressors and pumps –– accounted for 99.63 percent of all inbound shipments.

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

  • Aircraft, Spacecraft, Satellites totaled $109 million. The previous year, there were no exports in this category.
  • Civilian aircraft, parts fell 83.87 percent compared to last year to $29.95 million.
  • Miscellaneous machines, parts rose 28.32 percent compared to last year to $20.15 million.
  • Taps, cocks and valves for pipes, tanks rose 22.1 percent compared to last year to $17.81 million.
  • Parts for heavy machinery rose 24.23 percent compared to last year to $11.85 million.

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

  • Oil rose 247.59 percent compared to last year to $417.22 million.
  • Gasoline, other fuels rose 54.65 percent compared to last year to $48.63 million.
  • Value added to a returned import fell 43.41 percent compared to last year to $25.78 million.
  • Aluminum plates, sheets, strip more than 0.2mm thi rose 2052.22 percent compared to last year to $3.2 million.
  • Compressors and pumps rose 354 percent compared to last year to $1.89 million.

In the latest annual figures available, Azerbaijan recorded $566.29 million in trade with the United States. At year’s end, its were Houston; Seattle; New York City; Chicago; and New Orleans. Total U.S. exports to Azerbaijan were $ 354.48 million and imports from Azerbaijan were $211.81 million. The U.S. surplus with Azerbaijan was $142.67 million.