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Profiles of Countries in CIS Region

Azerbaijan

KEY ECONOMIC INDICATORS

Population

July 2007 est.

8,120,247

Annual average growth rate of population

2007 est.

0.69%

Literacy

Yr. 1999

98.80%

Annual rate of inflation

2006 est.

8%

GDP

2006 est.

US$14.25 billion

GDP growth rate

2006 est.

34.5%

GDP composition by sector

2002 est.

 

Agriculture

 

14.10%

Industry

 

45.70%

Services

 

40.20%

GDP (per capita) on purchasing power parity

2006 est.

US$7,500

Currency

Azerbaijani Manat

Conversion rate (Azerbaijani Manat per USD)

Yr. 2006

0.8934

Growth rate of various sectors

 

N.A

Total export

Yr. 2006

US $ 6372.16 million

Total import

Yr. 2006

US$ 5267.64 million

Current Account Convertibility

 

full

Trade Route

 

By sea to Bandar Abbas (Iran) & by Surface to Azerbaijan

INDIA'S BILATERAL TRADE WITH AZERBAIJAN

Value in million USD

Year 2001 -2002 2002-2003 2003-2004 2004-2005 2005-2006 2006-2007
(Provisional Figures)

EXPORTS

India's Total Export

43,826.73

52,719.43

63,842.97

83,535.94

103,090.54

126,331.10

Exports to Azerbaijan

10.68

8.64

12.28

30.79

28.81

24.3

%age Growth     -19.11   42.15   150.81   -6.46   -15.65  
%age Growth in India's Exports     20.29   21.1   30.85   23.41   22.54  
%age Share in Total Exports   0.02   0.02   0.02   0.04 0.03   0.02  

IMPORTS

India's Total Import   51,413.29   61,412.13   78,149.61   111,517.44   149,165.73   190,566.00  
Imports from Azerbaijan 0.22   1.73   3.02   7.71   5.86   67.05  
%age Growth     695.51   74.35   155.09   -23.98   1044.2  
%age Growth in India's Imports     19.45   27.25   42.7   33.76   27.72  
%age share in India's Imports   0.0004   0.003   0.004   0.01   0.004   0.04  

TRADE BALANCE  

with Azerbaijan   10.46   6.9   9.25 23.08 22.94 -42.75
with World   -7,586.56 -8,693 -14,306.65 -27,981.49 -46,075.19 -64,234.90

Source :Directorate General of Commercial Intelligence and Statistics, Govt. of India

COMPARATIVE TREND ANALYSIS OF INDIA'S SHARE AS A SUPPLIER

Value in million USD

Year

Global Imports

Imports from India

India's %age Share in Azerbaijan's Total Imports

1999

1035.65

2.96

0.29

2000

1172.02

11.26

0.96

2001

1430.87

15.09

1.05

2002

1665.56

19.41

1.17

2003

2626.42

35.39

1.35

2004

3515.85

47.01

1.34

2005

4211.21

55.89

1.33

2006

5267.64

57.448

1.09

TOP 20 PRODUCT GROUPS OF GLOBAL IMPORTS OF AZERBAIJAN (YR. 2006)

Value in million USD

HS Code Description Global Import Value % age Share of the Product Group in Azerbaijan's Total Imports Value of Imports from India India's %age Share %age Share of Intra-CIS Imports Top 3 Suppliers %age Share
84 Nuclear reactors, boilers, machinery, etc 1,122.51 21.31 0.98 0.09 9.29 UK 22.78
Finland 12.85
Germany 8.61
27 Mineral fuels, oils, distillation products, etc 612.86 1.63 0 0 91.63 Russia 64.25
Turkmenistan 14.61
Kazakhstan 8.82
85 Electrical, electronic equipment 424.80 8.06 1.07 0.25 14.24 Germany 13.47
Sweden 12.80
UK 12.68
73 Articles of iron or steel 423.95 8.05 0.75 0.18 18.11 Japan 24.68
UK 16.18
Ukraine 10.45
87 Vehicles other than railway, tramway 406.53 7.72 0.02 0.01 38.95 Russia 34.54
Germany 21.97
Japan 10.82
89 Ships, boats and other floating structures 383.92 7.29 0 0 89.21 Turkmenistan 68.81
Russia 20.39
Romania 9.12
10 Cereals 152.76 2.90 0.05 0.03 97.53 Russia 61.52
Kazakhstan 34.81
Thailand 1.33
90 Optical, photo, technical, medical, etc apparatus 13.45 2.15 0.14 0.12 15.12 Germany 15.11
UK 14.94
China 12.38
72 Iron and steel 100.69 1.91 0.04 0.04 75.51 Ukraine 46.15
Russia 19.08
Germany 10.47
24 Tobacco and manufactured tobacco substitutes 92.45 1.76 0.23 0.25 43.55 Germany 48.05
Russia 42.94
South Africa 3.82
25 Salt, sulphur, earth, stone, plaster, lime and cement 90.59 1.72 0 0 84.47 Russia 34.43
Georgia 33.60
Ukraine 12.00
39 Plastics and articles thereof 87.56 1.66 0.05 0.06 25.58 Turkmenistan 15.89
Turkey 15.57
S. Korea 15.24
17 Sugars and sugar confectionery 83.19 1.58 0 0 15.3 Brazil 81.63
Ukraine 7.39
Russia 6.79
26 Ores, slag and ash 76.31 1.45 34.95 45.80 0.24 Guinea 52.98
India 45.80
Australia 0.46
88 Aircraft, spacecraft and parts thereof 68.81 1.31 0 0 93.9 Ukraine 82.71
Russia 1.19
USA 2.69
38 Miscellaneous chemical products 53.20 1.01 0.35 0.65 21.55 USA 24.60
Russia 19.89
Turkey 13.52
44 Wood and articles of wood, wood charcoal 52.98 1.01 0.05 0.09 78.98 Russia 70.15
Turkey 10.54
Belarus 4.43
30 Pharmaceutical products 48.29 0.92 6.81 14.11 19.38 India 14.11
Russia 1.95
Switzerland 9.63
40 Rubber and articles therefof 46.93 0.89 0.04 0.07 30.11 Russia 26.48
UK 23.43
China 20.22

TOP PRODUCT GROUPS OF COUNTRY'S EXPORTS TO INDIA (YR.2006)

Value in million USD

HS Code

Description Global Exports Exports to India India's %age Share in Total Exports of the Country
76 Aluminum and articles thereof 71.322 1.000 1.40

 

TOP 20 PRODUCT GROUPS OF INDIA'S EXPORTS TO AZERBAIJAN (YR. 2006)

Value in million USD

HS Code Description India's Global Exports India's Exports to Azerbaijan Azerbaijan's %age share in India's Exports of the Item Rank of the Product Group in Top 20 of Azerbaijan's Global Imports
02 Meat 696.03 10.306 1.48  
30 Pharmaceutical Products 3000.65 7.520 0.25 19
61 Knit Apparel 3524.50 2.734 0.08  
62 Woven Apparel 5423.94 1.265 0.02  
84 Machinery 4979.45 0.882 0.02 1
85 Electrical Machinery 3757.62 0.502 0.01 3
48 Paper, Paperboard 435.57 0.361 0.08  
24 Tobacco 365.51 0.332 0.09 10
73 Iron/Steel Products 3240.16 0.331 0.01 4
42 Leather Art; Saddllery; Bags 1213.10 0.261 0.02  
29 Organic Chemicals 5792.06 0.212 0.004  
38 Misc. Chemical Products 1102.82 0.199 0.02 17
87 Vehicles, Not Railway 3665.69 0.117 0.003 5
09 Spices, Coffee And Tea 1125.93 0.113 0.01  
90 Optic, Not 8544; Med Instruments, etc. 789.22 0.090 0.01 8
33 Perfumery, Cosmetic, etc 531.29 0.076 0.01  
63 Miscellaneous Textile Articles 2343.43 0.045 0.002  
32 Tanning, Dye, Paint, Putty 973.73 0.044 0.005  
99 Misc. Special Imp. Provisions 1116.29 0.043 0.004  
64 Footwear 1177.66 0.041 0.004  

Detailed Analysis (at 4 digit HS Code Level) for top 4 Product Groups of India's Exports to Azerbaijan: Global Imports, Imports from India, Intra-CIS Imports, Potential Trade & Top 3 suppliers

Top 4 Product Groups namely Meat, Pharmaceutical Products, Knit Apparel & Woven Apparel constitute 84.9% share in India's total Exports to Azerbaijan.

TOP 4 DIGIT ITEMS OF GLOBAL IMPORTS OF AZERBAIJAN FOR MEAT & EDIBLE MEAT OFFAL  (HS CODE 02) YEAR 2006 

Value in million USD

S Code Description Global Import Value % age share of the item in Country's Imports of the Product Group Value of Imports from India India's Global Exports Value of Intra-CIS Imports Potential Trade for India Top 3 Supp--liers %age share
0207 Meat & edible offal of poultry meat 6.15 40.10 0 0.782 0 0.78 Brazil 34.94
Turkey 34.60
USA 23.17
0202 Meat of bovine animals, frozen 4.71 30.68 4.029 655.603 0 0.68 India 85.61
Paraguay 4.74
Australia 3.99

TOP 4 DIGIT ITEMS OF GLOBAL IMPORTS OF AZERBAIJAN FOR PHARMACEUTICALS (HS CODE 30) YEAR 2006 

Value in million USD

HS Code Description Global Import Value % age share of the item in Country's Imports of the Product Group Value of Imports from India India's Global Exports Value of Intra- CIS Imports Potential Trade for India Top 3 Suppliers %age share
3004 Medicament mixtures (not 3002, 3005, 3006), put in dosage 41.70 86.37 6.362 2458.588 5.243 35.34 India 15.26
Switzerland 1.04
USA 10.46
3002 Human & animal blood; antisera, vaccines,
toxins,
microorganism
cultures
5.04 10.44 0.407 172.576 3.91 4.63 Russia 46.90
Georgia 21.92
Ukraine 8.85

TOP 4 DIGIT ITEMS OF GLOBAL IMPORTS OF AZERBAIJAN FOR KNIT APPAREL (HS CODE 61) YEAR 2006

Value in million USD

HS Code Description Global Import Value % age share of the item in Country's Imports of the Product Group Value of Imports from India India's Global Exports Value of Intra- CIS Imports Potential Trade for India Top 3 Suppliers %age share
6115 Panty hose, tights,
stockings
& other
hosiery,
knitted or
crocheted
0.912 33.0914 0 37.552 0.001 0.912 China 55.04
Iran 33.55
Switzerland

 

5.26
6114 Garments,
knitted
a
crocheted,
nes
0.332 12.0464 0.012 56.8501 0 0.32 Turkey 78.61
Singapore 9.34
India 3.61

TOP 4 DIGIT ITEMS OF GLOBAL IMPORTS OF AZERBAIJAN FOR WOVEN APPAREL (HS CODE 62) YEAR 2006

Value in million USD

HS Code Description Global Import Value % age share of the item in Country's Imports of the Product Group Value of Imports from India India's Global Exports Value of Intra-CIS Imports Potential Trade for India Top 3 Suppliers %age share
6204 Women's suits, jackets, dresses skirts etc & shorts 4.37 18.33 0.06 1836.63 0.08 4.31 China 77.22
UAE 8.52
Italy 3.53
6210 Garment made up of fabric of heading no 56.02, 56.03,59.03, 59.06/59.07 3.93 16.50 0.001 27.39 0.04 3.93 China 74.57
USA 23.06
Russia 0.97

TRADE FAIRS & EXHIBITIONS TO BE HELD IN AZERBAIJAN 

City/Location Event Name & Details Date
Baku BAKU BUILD 24.10 - 27.10 2007
Sport & Exhibition Complex (Heydar Aliyev) Azerbaijan International Building, Interiors, Heating & Ventilation Exhibition  
- Do - BAKUMEBEL

Azerbaijan International Furniture/ Interiors/Design Exhibition

31.10 - 03.11 2007
- Do - CEM AZERBAIJAN

Azerbaijan International Consumer Electronics Exhibition

31.10 - 03.11 2007
- Do - BEAUTY AZERBAIJAN

Azerbaijan International Beauty and Health Exhibition

06.11 - 09.11 2007
Sport & Exhibition Complex (Heydar Aliyev) Baku International Healthcare Exhibition BAKUTEL 14.11 - 17.11 2007
- Do - Azerbaijan International Telecommunication and Information Technologies Exhibition  
Baku

Grand Europe Exhibition and Conference Center

MODA AZERBAIJAN

Azerbaijan International Fashion and Accessories Exhibition

Mar-08
- Do - AUTOSHOW AZERBAIJAN Azerbaijan International Auto Show Mar-08
- Do - AITF International Travel & Tourism Fair Apr-08
- Do - CAUCASUS BANKING & FINANCE SUMMIT

Caucasus International Banking and Finance Conference and Showcase

May-08
- Do - TRANSCASPIAN

Azerbaijan International Exhibition on Transport & Logistics

May-08
- Do - INTERFOOD AZERBAJIAN

Event for the Food and Drink Industry & Food Packaging

May-08

Useful Websites

www.ibar.az International bank of Azerbaijan - Website of a major Azerbaijani bank involved in foreign trade and investment
http://gateway.az Azerbaijan Developmental Gateway

KEY CONTACTS

Mr. B. R. Muthu Kumar
Ambassador
Embassy of India
31/39, Oktay Karimov Street
Ganjlik, Narimanov District
Baku 370 069
Telephone: 00-994-12-4474186
Fax: 00-994-12-4472572
E-mail: eibaku@adanet.az 

Dr. Tamerlan E.Karayev
Ambassador Extraordinary & Plenipotentiary
Embassy of Republic of Azerbaijan
E-70, Vasant Marg, Vasant Vihar
New Delhi-110057
Telephone:91-11-26152228
Fax :91-11-26152227
E-mail: azembassy@airtelbroadband.in

 
Copyright 2006, Department of Commerce, all rights reserved

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