Analysis and regulation of the structure of foreign trade in Azerbaijan

<p style="text-align: justify;" align="center"><strong><strong>DOI: <a href="https://doi.org/10.52340/ekonomisti.2025.01.02">10.52340/ekonomisti.2025.01.02</a></strong></strong> <p style="text-align: center;" align="center"><strong>Summary</strong> <p style="text-align: justify;">The presented article analyzes the foreign trade turnover in Azerbaijan over the past 5 years. Basically, the period after the COVID-19 pandemic was analyzed. The main goal here was to assess the regulatory role of the state. Thus, separate statistical figures of both exports and imports were taken and analyzed in the article. Then, in accordance with the analysis, forecasts were made for the next 5 years. The regulatory directions of the state for the realization of forecasts are also mentioned in the article. It is concluded that the regulation of foreign economic activity carried out in Azerbaijan in general has been stable. The main goal was to reduce dependence on imports. Undoubtedly, in this sense, the development of the non-oil sector will remain one of the main goals of the Azerbaijani state in the future. <p style="text-align: justify;"><strong>Key words:</strong> Azerbaijan, foreign trade, turnover, import, export, non-oil sector, COVID-19, forecast, CIS, regulation, finance, etc. <p style="text-align: center;" align="center"><strong>İntroduction</strong> <p style="text-align: justify;">Undoubtedly, Azerbaijan`s foreign trade policy plays an important role in the economic development of the country. In the period leading up to the COVID-19 pandemic, Azerbaijan expanded its foreign trade relations and maintained its economic model based mainly on oil and gas exports. The country`s foreign trade balance was positive for many years, which was mainly ensured by revenues from the export of energy resources. In particular, strategic projects such as the Baku-Tbilisi-Ceyhan oil pipeline and the Southern Gas Corridor have made Azerbaijan one of the important players in the International Energy Market. <p style="text-align: justify;">At the same time, the non-oil sector was gradually developing. Exports of agricultural products, including cotton, hazelnuts, pomegranates and wine, increased. The state provided various subsidies and soft loans to promote the development of the non-oil sector. In particular, the export markets of agricultural and light industry products were diversified, and the shipment of products to Russia, European countries and the Middle East was increased. <p style="text-align: justify;">When the pandemic began, global trade relations faced serious tests. At the beginning of 2020, the world economy fell into a recession, which also negatively affected Azerbaijan`s foreign trade. The price of crude oil fell sharply, and the country`s export revenues fell. In addition, quarantine measures and restrictions on logistics led to a decrease in trade turnover. Azerbaijan, like other countries, has taken a number of measures to minimize the negative economic effects of the pandemic. <p style="text-align: justify;">After the pandemic, Azerbaijan`s foreign trade policy had to adapt to new conditions. Although oil prices have recovered, more attention has been paid to the non-oil sector for the sustainable development of the Azerbaijani economy. During the Post-pandemic period, the state carried out a number of economic reforms to increase the export of non-oil products. In the agricultural and industrial sector, production was strengthened, logistics and trade relations were expanded. In particular, the creation of free trade zones and the development of transport corridors expanded the country`s foreign trade opportunities. <p style="text-align: center;" align="center"><strong>Main part</strong> <p style="text-align: justify;">Azerbaijan`s transit potential has also gained even more importance in the post-pandemic period. The volume of trade flows through the Baku International Sea Trade Port and the East-West, North-South transport corridors has been increased. Trade relations with China, Central Asia and European countries were expanded. In this context, Azerbaijan`s efforts to increase non-oil exports began to yield results. <p style="text-align: justify;">As a result, before the COVID-19 pandemic, Azerbaijan`s foreign trade was mainly based on the export of energy resources. Although the global economic crisis during the pandemic had a negative impact on the country`s trade balance, in the post-pandemic period, important steps were taken towards economic diversification and the establishment of new trade relations. The Azerbaijani government has improved its trade policy to develop the non-oil sector and implemented various economic reforms to strengthen the country`s position in international markets. <p style="text-align: justify;">During the COVID-19 pandemic and beyond, the Azerbaijani state has taken a number of important steps to regulate foreign trade. In the early periods of the pandemic, the disruption of global trade relations, restrictions on transport and logistics negatively affected the country`s foreign trade turnover. For this reason, the government of Azerbaijan implemented flexible and targeted measures to maintain economic stability and regulate trade flows [5]. <p style="text-align: justify;">First of all, the government optimized the customs system to ensure continuity in import and export operations. The” green corridor " launch system was expanded, which accelerated the import of basic food and medical supplies. At the same time, temporary restrictions were introduced on the export of certain strategic products, which helped to maintain price stability in the domestic market. <p style="text-align: justify;">During the pandemic, steps were taken to increase domestic production and reduce dependence on imports. Preferential loans and subsidies were allocated by the state to agricultural and industrial enterprises. These measures were aimed at increasing the export potential of the non-oil sector. In particular, special attention was paid to the production of agricultural products in order to ensure food security. <p style="text-align: justify;">In the Post-pandemic period, the Azerbaijani government has developed new economic strategies to restore and expand foreign trade relations. The promotion of the” Made in Azerbaijan " brand was strengthened and state support for the access of local products to international markets was increased. At the same time, work was accelerated to create free trade zones and increase transit potential. <p style="text-align: justify;">Diplomatic and economic cooperation was expanded to restore foreign trade relations. In particular, the focus was on strengthening trade relations with neighboring countries, searching for new export markets and expanding trade relations with the countries of Europe, Asia and the Middle East. Azerbaijan also strengthened cooperation with international trade organizations and took steps towards digitalization of trade processes and facilitation of customs procedures. <p style="text-align: justify;">As a result of all these measures, Azerbaijan was able to adapt to new conditions in the field of foreign trade. Thanks to the flexible regulatory policy of the state, trade turnover was restored, the non-oil sector was developed, and the country`s position in international markets was strengthened. <p style="text-align: justify;">The steps taken by the Azerbaijani government to regulate foreign trade during and after the pandemic have had noticeable effects in various fields [5]. First of all, the simplification of customs procedures and the expansion of the “green corridor” release system accelerated import processes. This prevented delays in the delivery of food, medical equipment and other strategic products during the pandemic and helped meet demand in the domestic market. <p style="text-align: justify;">As a result of diversification of exports and support of the non-oil sector, development was observed in agriculture and light industry. Subsidies allocated by the state to farmers and industrial enterprises increased the production of agricultural products and expanded access to new markets. In particular, exports of non-oil products to Russia, Europe and the Middle East increased, which strengthened the country`s economic stability. <p style="text-align: justify;">At the same time, the creation of free trade zones and the expansion of transport and logistics opportunities increased the transit potential of Azerbaijan. As a result of the expansion of the capacity of the Baku International Sea Trade Port and the development of the East-West and North-South transport corridors, Azerbaijan has become one of the important transit countries in international trade. This increased the flow of foreign currency into the country and strengthened Azerbaijan`s position in the field of international cargo transportation. <p style="text-align: justify;">In addition, the promotion of the brand “Made in Azerbaijan” had a positive impact on the country`s export policy. Thanks to state support, the recognition of domestic products in international markets increased, and the demand for Azerbaijani products in foreign markets increased. At the same time, the restoration of trade relations and the finding of new export markets led to the fact that the country`s foreign trade turnover approached the pre-pandemic level. <p style="text-align: justify;">As a result of all these steps, Azerbaijan not only restored its foreign trade relations after the pandemic, but also made significant progress in diversifying the economy. Thanks to the flexible trade policy of the state and strategic regulatory measures, the country`s economy has become more stable and competitive, adapting to new challenges [5]. <p style="text-align: right;"><strong> Table 1</strong><strong> </strong> <p style="text-align: center;" align="center"><strong>Analysis and evaluation</strong><strong> </strong> <p style="text-align: center;"><strong>The structure of exports in foreign trade in the Republic of Azerbaijan, in thousand</strong><strong> USD</strong> <table style="width: 633px;" border="1" cellspacing="0" cellpadding="0" align="center"> <tbody> <tr> <td rowspan="4" width="85"> </td> <td rowspan="4" nowrap="nowrap" width="85"> <p align="center">Total </td> <td rowspan="4" width="85"> <p align="center">On a relevant period of previous year, % </td> <td colspan="4" nowrap="nowrap" width="378"> <p align="center">of which </td> <td width="0" height="19"> </td> </tr> <tr> <td rowspan="3" width="85"> <p align="center">To non-CIS countries </td> <td rowspan="3" width="104"> <p align="center">On a relevant period of previous year, % </td> <td rowspan="3" width="85"> <p align="center">To CIS countries </td> <td rowspan="3" width="104"> <p align="center">On a relevant period of previous year, % </td> <td width="0" height="30"> </td> </tr> <tr> <td width="0" height="30"> </td> </tr> <tr> <td width="0" height="30"> </td> </tr> <tr> <td nowrap="nowrap" width="85"> <p align="center"><strong>2020</strong> </td> <td nowrap="nowrap" width="85"> <p align="center"><strong>12 588 158</strong> </td> <td nowrap="nowrap" width="85"> <p align="center"><strong>63,4</strong> </td> <td nowrap="nowrap" width="85"> <p align="center"><strong>11 361 019</strong> </td> <td nowrap="nowrap" width="104"> <p align="center"><strong>60,9</strong> </td> <td nowrap="nowrap" width="85"> <p align="center"><strong>1 227 139</strong> </td> <td nowrap="nowrap" width="104"> <p align="center"><strong>99,9</strong> </td> <td width="0" height="19"> </td> </tr> <tr> <td nowrap="nowrap" width="85"> <p align="center"><strong>2021</strong> </td> <td nowrap="nowrap" width="85"> <p align="center"><strong>21 692 281</strong> </td> <td nowrap="nowrap" width="85"> <p align="center"><strong>172,3</strong> </td> <td nowrap="nowrap" width="85"> <p align="center"><strong>19 889 469</strong> </td> <td nowrap="nowrap" width="104"> <p align="center"><strong>175,1</strong> </td> <td nowrap="nowrap" width="85"> <p align="center"><strong>1 802 812</strong> </td> <td nowrap="nowrap" width="104"> <p align="center"><strong>146,9</strong> </td> <td width="0" height="19"> </td> </tr> <tr> <td nowrap="nowrap" width="85"> <p align="center"><strong>2022</strong> </td> <td nowrap="nowrap" width="85"> <p align="center"><strong>42 206 696</strong> </td> <td nowrap="nowrap" width="85"> <p align="center"><strong>194,6</strong> </td> <td nowrap="nowrap" width="85"> <p align="center"><strong>40 706 447</strong> </td> <td nowrap="nowrap" width="104"> <p align="center"><strong>204,7</strong> </td> <td nowrap="nowrap" width="85"> <p align="center"><strong>1 500 249</strong> </td> <td nowrap="nowrap" width="104"> <p align="center"><strong>83,2</strong> </td> <td width="0" height="19"> </td> </tr> <tr> <td nowrap="nowrap" width="85"> <p align="center"><strong>2023</strong> </td> <td nowrap="nowrap" width="85"> <p align="center"><strong>29 202 114</strong> </td> <td nowrap="nowrap" width="85"> <p align="center"><strong>69,2</strong> </td> <td nowrap="nowrap" width="85"> <p align="center"><strong>27 586 297</strong> </td> <td nowrap="nowrap" width="104"> <p align="center"><strong>67,8</strong> </td> <td nowrap="nowrap" width="85"> <p align="center"><strong>1 615 817</strong> </td> <td nowrap="nowrap" width="104"> <p align="center"><strong>107,7</strong> </td> <td width="0" height="19"> </td> </tr> <tr> <td nowrap="nowrap" width="85"> <p align="center"><strong>2024</strong> </td> <td nowrap="nowrap" width="85"> <p align="center"><strong>19 265 063</strong> </td> <td nowrap="nowrap" width="85"> <p align="center"><strong>88,3</strong> </td> <td nowrap="nowrap" width="85"> <p align="center"><strong>18 005 602</strong> </td> <td nowrap="nowrap" width="104"> <p align="center"><strong>87,1</strong> </td> <td nowrap="nowrap" width="85"> <p align="center"><strong>1 259 461</strong> </td> <td nowrap="nowrap" width="104"> <p align="center"><strong>110,1</strong> </td> <td width="0" height="19"> </td> </tr> <tr> <td nowrap="nowrap" width="85"> <p align="center"><strong>I quarter</strong> </td> <td nowrap="nowrap" width="85"> <p align="center">6 184 494 </td> <td nowrap="nowrap" width="85"> <p align="center">72,9 </td> <td nowrap="nowrap" width="85"> <p align="center">5 853 641 </td> <td nowrap="nowrap" width="104"> <p align="center">71,7 </td> <td nowrap="nowrap" width="85"> <p align="center">330 853 </td> <td nowrap="nowrap" width="104"> <p align="center">102,7 </td> <td width="0" height="19"> </td> </tr> <tr> <td nowrap="nowrap" width="85"> <p align="center"><strong>II quarter</strong> </td> <td nowrap="nowrap" width="85"> <p align="center">6 168 009 </td> <td nowrap="nowrap" width="85"> <p align="center">92,4 </td> <td nowrap="nowrap" width="85"> <p align="center">5 698 015 </td> <td nowrap="nowrap" width="104"> <p align="center">91,8 </td> <td nowrap="nowrap" width="85"> <p align="center">469 994 </td> <td nowrap="nowrap" width="104"> <p align="center">101,3 </td> <td width="0" height="19"> </td> </tr> <tr> <td nowrap="nowrap" width="85"> <p align="center"><strong>III quarter</strong> </td> <td nowrap="nowrap" width="85"> <p align="center">6 912 560 </td> <td nowrap="nowrap" width="85"> <p align="center">103,7 </td> <td nowrap="nowrap" width="85"> <p align="center">6 453 947 </td> <td nowrap="nowrap" width="104"> <p align="center">102,3 </td> <td nowrap="nowrap" width="85"> <p align="center">458 613 </td> <td nowrap="nowrap" width="104"> <p align="center">128,3 </td> <td width="0" height="19"> </td> </tr> </tbody> </table> <p style="text-align: center;"><strong> </strong>Source: [2] <p style="text-align: justify;">The table data shows that the total export volume of Azerbaijan has shown significant fluctuations over the years. In 2020, the volume of exports amounted to $ 12.6 billion, which is a low indicator compared to previous years. This is mainly due to global trade restrictions during the pandemic, falling oil prices and declining demand in international markets. In 2021, there was a significant increase in exports – $ 21.7 billion (an increase of 172.3%). The opening of economies and the recovery of oil and gas prices after the pandemic have been the main reasons for this rise. In 2022, export volumes rose to $ 42.2 billion, an increase of 194.6% compared to the previous was the for Azerbaijan in of and the main is the in prices for energy on the world market. In exports fell and amounted to $ billion The main reasons for this a in energy prices and a global economic In the of exports were $ billion, which a of compared to <p style="text-align: in a increase in exports was after the pandemic, but from there is a <p style="text-align: justify;">The main in Azerbaijan`s exports are non-CIS countries, and the in exports in this has a significant impact on the country`s trade In 2020, exports to non-CIS countries amounted to $ In 2021, this increased to $ billion and an increase of In 2022, exports to non-CIS countries a of $ The was which is mainly due to the increase in the export of energy products to In exports to non-CIS countries fell to $ billion and amounted to In the of exports to non-CIS countries amounted to $ billion, which a decrease of <p style="text-align: justify;">The main reasons for this are in energy declining energy demand in Europe and the to energy Exports with CIS countries are more stable with non-CIS countries and have shown in certain Exports to the CIS countries in amounted to $ In 2021, this increased to $ billion, an increase of In 2022, exports to the CIS countries fell to $ billion and amounted to In exports to the CIS countries amounted to $ billion and an increase of In the of exports to the CIS countries amounted to $ billion, which an increase of These that exports with CIS countries are more stable with non-CIS countries and more <p style="text-align: justify;">The main in the export structure of Azerbaijan style="text-align: post-pandemic export in in exports in fluctuations in trade with non-CIS stable exports with CIS in the of <p style="text-align: justify;">In the Azerbaijan`s export focus on the development of the non-oil sector. on oil and gas exports non-oil industry and exports of products expanded. In the of in the energy Azerbaijan`s export revenues at of the country its export markets and expand cooperation with new <p style="text-align: justify;">The role of oil and gas in Azerbaijan`s export but the non-oil sector to Exports with the CIS countries are but significant are observed in non-CIS markets. The country`s trade policy aimed at diversifying and new In the presented is the of exports for the next 5 </strong> <p style="text-align: <p style="text-align: <p style="text-align: by the to Table <p style="text-align: center;"><strong>The main reasons for the positive on the <p style="text-align: of non-oil sector. The government of Azerbaijan is in the development of industry and The creation of the expand export opportunities. The increase in domestic production will create new of products for <p style="text-align: of new Azerbaijan is expanding trade relations with Central and the European The Middle Corridor trade from to exports by increasing Azerbaijan`s transit economic cooperation the of <p style="text-align: and new markets in the oil and gas sector. Azerbaijan`s gas exports more important the of the energy of projects will increase export energy and energy projects will the export of new energy products to <p style="text-align: economy and It is to develop the sector and expand the export opportunities of such as and Trade export processes. and will the of products and <p style="text-align: at the structure of a number of serious economic table </strong> <p style="text-align: right;"><strong> <p style="text-align: center;"><strong>The structure of imports in foreign trade in the Republic of Azerbaijan, USD</strong> <table style="width: border="1" cellspacing="0" cellpadding="0" align="center"> <tbody> <tr> <td <p align="center"> </td> <td nowrap="nowrap" <p </td> </tr> <tr> <td <p align="center"> </td> <td nowrap="nowrap" <p align="center">Total </td> <td <p align="center">On a relevant period of previous year, % </td> <td colspan="4" nowrap="nowrap" <p align="center">of which </td> </tr> <tr> <td <p non-CIS countries </td> <td <p align="center">On a relevant period of previous year, % </td> <td <p CIS countries </td> <td <p align="center">On a relevant period of previous year, % </td> </tr> <tr> <td <p align="center"><strong>2020</strong> </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> </tr> <tr> <td <p align="center"><strong>2021</strong> </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> </tr> <tr> <td <p align="center"><strong>2022</strong> </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> </tr> <tr> <td <p align="center"><strong>2023</strong> </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p align="center"><strong>11 </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> </tr> <tr> <td <p align="center"><strong>2024</strong> </td> <td nowrap="nowrap" <p align="center"><strong>12 </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p 184 </td> <td nowrap="nowrap" <p </td> </tr> <tr> <td <p <p </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p 613 </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> </tr> <tr> <td <p align="center"><strong>II quarter</strong> </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> </tr> <tr> <td <p align="center"><strong>III quarter</strong> </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> <td nowrap="nowrap" <p </td> </tr> </tbody> </table> <p style="text-align: [2] <p style="text-align: at the presented table the <p style="text-align: to the main in imports are In 2020, imports amounted to $ billion and by compared to the previous This was mainly due to global trade restrictions and of domestic economic activity during the pandemic. In 2021, imports increased by to $ The recovery of the global economy has increased import In 2022, imports increased by to $ This is mainly by the increase in imports of equipment and to projects in the energy sector and In imports $ The was and there is an impact of development in the non-oil sector. in imports fell to $ This is mainly due to the fact that the currency stable and of the imports are by local <p style="text-align: are mainly into <p style="text-align: import from CIS countries In 2020, was $ billion and for of total imports. In 2022, an increase of $ This is mainly due to the import of agricultural products and industrial equipment from in imports from the CIS countries fell to $ This due to the development of local on the Azerbaijani and the of international <p style="text-align: import from non-CIS In 2020, was $ billion and for of total imports. In 2022, an increase of $ in increased to $ billion, that Azerbaijan imports more and industrial products, mainly from the markets of Europe, and In imports from non-CIS countries fell to $ This that Azerbaijan is diversifying imports and dependence on imports in certain <p style="text-align: and effects of imports. main the in <p style="text-align: domestic demand and economic As the economic recovery took in imports also increased. In a certain is which the result of a policy of strengthening domestic production and import <p style="text-align: Energy and in the oil and gas sector and the development of transport have increased imports. of and equipment for and logistics projects in Azerbaijan have increased. <p style="text-align: global economic and and in world markets have affected Azerbaijan`s import The stability of the Azerbaijani has import processes. <p style="text-align: justify;">During there is a general increase in which is due to economic development and increased demand for foreign markets. <p style="text-align: justify;">In imports which is due to the fact that domestic production to imports and the balance of foreign trade. <p style="text-align: has imports from CIS countries and increased trade with non-CIS countries, which is an indicator of its diversification In the the main directions of imports will industrial and agricultural products. These that Azerbaijan`s foreign trade policy is aimed at dependence on imports and the non-oil sector. <p style="text-align: justify;">In accordance with the presented import that dependence on imports decrease for the next 5 years. for certain steps taken <p style="text-align: <p style="text-align: center;" <p style="text-align: by the to Table <p style="text-align: justify;">In order for the import for the next 5 to in a positive a number of steps taken to regulate foreign trade in <p style="text-align: of domestic <p style="text-align: and production increased – in the non-oil sector, production expanded. <p style="text-align: and – domestic access to and increase <p style="text-align: production the agricultural sector, subsidies and support increased to products with domestic <p style="text-align: of import <p style="text-align: increased for certain strategic products, which will domestic <p style="text-align: for increased, the country will both reduce dependence on imports and increase <p style="text-align: developed and to to local products. <p style="text-align: of of energy and <p style="text-align: in energy to domestic production of energy equipment <p style="text-align: The production of increased – in order to reduce the dependence of the industrial sector on the production of in the country expanded. <p style="text-align: logistics and <p style="text-align: transport strengthened – and logistics developed to the delivery of products from production to the <p style="text-align: and trade procedures optimized – trade to imports. <p style="text-align: and <p style="text-align: provided with soft loans and support that products to <p style="text-align: to enterprises and products. <p style="text-align: justify;" <p style="text-align: justify;">Azerbaijan`s foreign trade has developed in and has through various In 2020, due to the impact of the pandemic, the volume of foreign trade but in there was a the increase in oil and gas exports in and 2022, the country`s trade turnover In 2022, export which mainly due to the of the oil and gas sector. in exports as a result of global economic fluctuations in the energy and a decrease in the of development of the non-oil sector. Although a stable was maintained in the foreign trade balance in certain were in the total trade turnover. <p style="text-align: justify;">The main of Azerbaijan`s exports to the energy sector. The main of the country are the countries of the European and Although the non-oil sector is not the country`s exports. The of non-oil exports increasing production capacity and expanding access to new markets. are mainly by industrial food products and Although import volumes increased in a certain of as a result of the development of domestic production and in <p style="text-align: justify;">The Azerbaijani government is a to develop local production in order to reduce dependence on imports. The establishment of industrial the development of and the promotion of local this In particular, the steps taken in the fields of and industry are aimed at increasing the export potential of the non-oil sector. As a result of import the of products into the country has to <p style="text-align: justify;">Azerbaijan`s foreign trade is based more on the of sustainable development and The country to increase the of the non-oil sector in trade turnover and increase its in foreign markets. For measures are taken such as strengthening the logistics opening new transport and export processes. The expansion of Azerbaijan`s transit opportunities and its in the have a positive impact on the development of foreign trade in the future. <p style="text-align: justify;">The development of Azerbaijan`s foreign trade on strengthening the non-oil sector and increasing access to new markets. foreign and local production will ensure the of the economy. the country this strengthen the balance of foreign trade in the </strong> <p style="text-align: center;" style="text-align: