• overview
  • strengths
  • Bilateral Agreements
  • bilateral trade
  • agencies
  • Indian Mission

US$ 2.91mn
FDI inflows to India from April 2000-March 2021

US$ 2.91mn

Bilateral trade value in 2020-2021

977
Overseas Indians living in Azerbaijan

Natural Resources

Azerbaijan’s proven natural gas reserves are estimated at 1.1 trillion cubic metres and proven oil reserves at 7 billion barrels

Strategic Location

Azerbaijan lies at the heart of the international transport corridor between Europe and Asia

Agriculture

The country has significant agricultural potential due to its fertile climate

Trade

The country enjoys favored trade status under an EU Partnership and Cooperation Agreement

India's Exports and Imports to Azerbaijan

Values in US $ Millions

S.No. \Year 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019
1 EXPORT 110.42 33.38 40.27 33.68 43.46
2 %Growth -69.77 20.64 -16.36 29.05
3 India’s Total Export 3,10,338.48 2,62,291.09 2,75,852.43 3,03,526.16 3,30,078.09
4 %Growth -15.48 5.17 10.03 8.75
5 %Share 0.04 0.01 0.01 0.01 0.01
6 IMPORT 198.54 77.09 461.67 592.61 147.87
7 %Growth -61.17 498.83 28.36 -75.05
8 India’s Total Import 4,48,033.41 3,81,007.76 3,84,357.03 4,65,580.99 5,14,078.42
9 %Growth -14.96 0.88 21.13 10.42
10 %Share 0.04 0.02 0.12 0.13 0.03
11 TOTAL TRADE 308.96 110.47 501.93 626.29 191.34
12 %Growth -64.24 354.35 24.77 -69.45
13 India’s Total Trade 7,58,371.89 6,43,298.84 6,60,209.46 7,69,107.15 8,44,156.51
14 %Growth -15.17 2.63 16.49 9.76
15 %Share 0.04 0.02 0.08 0.08 0.02
16 TRADE BALANCE
17 India’s Trade Balance -1,37,694.93 -1,18,716.67 -1,08,504.60 -1,62,054.83 -1,84,000.30

Azerbaijan Export and Investment Promotion Foundation (AZPROMO)

+994 12 5980147/48

Visit Website

Baku Business Centre Neftchilar ave.32, Baku, Azerbaijan, AZ1000

Invest India

+91-11-23048155

Visit Website

Vigyan Bhavan Annexe, Maulana Azad Road, New Delhi 110001

Embassy of India, Baku, Azerbaijan

+994-12-5646344/54

Visit Website

302 Jeyhun Hajibeyli Street
Ganjlik, Narimanov District
Baku, AZ 1069 (Azerbaijan)

Commercial Representative

+994-12-5646344, +994-50-2300422

Shri P.K. Govindan: Second Secretary & HOC

Opportunities

Agricultural exports

    Waters, incl. min. waters & aerated waters, cont. added sugar/oth. sweeteni … (220210)

    agriexchange.apeda.gov.in

    Sugar confectionery other than chewing gum (incl. white chocolate), not con … (170490)

    agriexchange.apeda.gov.in

    OTHER WHEAT AND MESLIN (100199)
    Semi-milled/wholly milled rice, whether or not polished/glazed (100630)

    agriexchange.apeda.gov.in

    Chocolate & oth. food preps. cont. cocoa (excl. of 1806.20-1806.32) (180690)

    agriexchange.apeda.gov.in

    Butter (040510)

    agriexchange.apeda.gov.in

    Food preps., n.e.s. (210690)
    Othr edbl mxr/prpns of anml/vegtbl fats/ oils/of fractns of diffrnt fats/oils (151790)

    agriexchange.apeda.gov.in

    Food preps., n.e.s. (210690)
    OTHR EDBL MXR/PRPNS OF ANML/VEGTBL FATS/ OILS/OF FRACTNS OF DIFFRNT FATS/OILS (151790)

    agriexchange.apeda.gov.in

    Other cane sugar: (170114)
    Potatoes other than seed potatoes, fresh/chilled (070190)

    agriexchange.apeda.gov.in
Minerals

    Production: 28,500 tons

    wmc.org.plstat.gov.az

    Production: 196,000 tons (January – October 2019)
    Export: 131,000 tons (US$ 7 million)

    stat.gov.az

    Production: 31 million tons (2019)
    Export: 26 million tons, US$ 13 billion (2019)

    stat.gov.az

    Production: 3,111 kgs (2019)
    Export: 400 kgs (2019)

    stat.gov.az

    Production: 289,000 tons (2019)
    Export: 98,000 tons (2019), US$ 1.9 million (2019)

    stat.gov.az

    Iron Ore:
    Production: 10,710 tons
    Export: 76,575 tons, US$ 23 million

    wmc.org.plstat.gov.az

    Production: 18,186 cubic meters
    Export: 9.59 million cubic meters / US$ 1.9 billion

    stat.gov.az

    Production: 3.8 tonnes (October 2019)

    stat.gov.az

    Production: 3,218 kg (2019)
    Export: 2,458 kg /US$ 1.3 million (2019)

    stat.gov.az

priority sectors

Here are the leading sectors of opportunities for foreign investors

Top Import/ Export Items

India's top import from Azerbaijan
  • Crude Oil
  • Iodine
  • Oil coke
  • Cattle skins
India's top export to Azerbaijan
  • Rice
  • Electric heating resistors, air and gas compressors/ ventilation units
  • Drugs/ Human vaccine
  • Bromides and oxides
  • Black tea
  • Meat
  • Machine parts and other plant equipment

Bilateral Investors

Country News