Azerbaijan Business Profile
AZERBAIJAN BUSINESS PROFILE Country official Name Republic of Azerbaijan Area 86,600 km2 Population 10 Million inhabitants Time UTC +4 Capital Baku Azerbaijanian New Manat (AZN) Currency 1 AZN = 0.5889 USD (in 2021) Language Azerbaijani Major cities Sumgait, Ganja, Lankaran, Mingachevir, Khirdalan, Qaraçuxur OIC member State date 1992 Azerbaijan Bilateral investment Turkmenistan, Albania, Turkey, Qatar, Kuwait, Jordan, Tajikistan, UAE, Saudi Arabia, Kyrgyzstan, Iran, Kazakhstan, Treaties within OIC Member States Uzbekistan, TPSOIC and protocols (PRETAS and Rules Not signed and not ratified of Origin) WTO Observer Regional and bilateral trade Commonwealth of Independent States (CIS) Agreements Georgia, GUAM, Russian Federation, Ukraine Growth 2.21% 2019 Economic sectors VAT: 18% Gas and Oil, Steel, Iron, Chemical and Petrochemical Products, Textiles and AGRICULTURE 2019 World Exports USD 19.636 Billions World Imports USD 13.649 Billions Market Size USD 33.284 Billions Intra-OIC Exports USD 3.191 Billions Intra-OIC Exports share 16.25% Turkey, Afghanistan, Libya, Egypt, Iran, Uzbekistan, Kazakhstan, Turkmenistan, UAE, Iraq, Tajikistan, Niger, Top 15 OIC Customers Kyrgyzstan, Saudi Arabia, Qatar Petroleum gas and other gaseous hydrocarbons, Petroleum oils and oils obtained from bituminous minerals, crude, Cotton, neither carded nor combed, Oils and other products of the distillation of high temperature coal tar, Unwrought aluminum, Polymers of propylene or of other olefins, in primary forms, Acyclic alcohols and their Major Intra-OIC exported
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