Economic cooperation

German-Azerbaijani economic relations are one of the dynamically developing areas of cooperation. Azerbaijan is the most significant economic and trade partner of Germany in the South Caucasus. According to the Federal Ministry of Economic Affairs and Energy of the Federal Republic of Germany, in 2017, the share of Azerbaijan in the overall trade turnover between Germany and South Caucasus was around 70%. Furthermore, according to the German Federal Office for Economic Affairs and Export Control, in 2017, Azerbaijan was Germany’s 8th biggest crude oil supplier. In 2017, Azerbaijan exported almost 2,5 mln. tons of crude oil to Germany.

Mutual visits on the highest level between two countries, as well as economic events held in Germany in order to promote business opportunities of Azerbaijan and “Made in Azerbaijan” brand particularly contribute to the expansion of bilateral economic and trade relations, and raise economic ties to a new level.

The German-Azerbaijani High-Level Working Group on Trade and Investments was established on 5 May 2011. Currently, the co-chairmen of the very Group are Mr. R.Mammadov, the Deputy Minister of Economy of the Republic of Azerbaijan and Dr. E.Franz, the Director General of the External Economic Policy of the Ministry for Economic Affairs and Energy of the Federal Republic of Germany. The meetings of the Group were held on 19-21 October 2011 in Berlin, 13 November 2012 in Baku, 17-18 July 2013 in Berlin, 29-30 September 2014 in Baku, 5 November 2015 in Berlin, 23-24 November 2016 in Baku and 22 November 2017 in Berlin.

On 12 November 2012, the German-Azerbaijani Chamber of Commerce was opened in Baku. Almost 200 companies, from both sides, are members of the German-Azerbaijani Chamber of Commerce. As the official representative of the German economy in Azerbaijan, the German-Azerbaijani Chamber of Commerce provides information services and support to the companies in their market and business research. 

With the aim of promoting economic and tourism potential of the country, Azerbaijan participates with a national stand at various international exhibitions held in Germany.


Trade turnover between Azerbaijan and Germany

 

(thou. USD)

 

 

Year

 

 

Import

 

Export

 

Trade turnover

 

Trade balance

 

2012

 

 

779 971,3

 

964 767,3

 

1 744 738,6

 

184 796

 

2013

 

 

823 024,4

 

1 356 735,3

 

2 179 759,7


533 710,9

 

2014

 

 

703 636,9

 

1 925 563,4

 

2 629 200,3

 

1 221 926,5

 

2015

 

 

689 996,7

 

1 223 961,8

 

1 913 958,5

 

533 965,1

 

2016

 

 

399 192,0

 

610 831,4

 

1 010 023,4

 

211 639,4

2017

352 238

1 002 868

1 355 106

650 630

 

 

Several Azerbaijani companies have their representations in Germany.

 

SOCAR Germany

Permanent Representative Office

Börsencenter

Taubenstraße 7-9 

60313 Frankfurt am Main 

Tel.: +49 (0)69 297 287-50 

Fax: +49 (0)69 297 287-51 

E-Mail: info@socar.de 

Web: www.socar.de

 

SOCAR Germany, Büro Berlin

IHZ

Friedrichstraße 95

10117 Berlin 

Tel. +49 (0)30 - 2061 4627

Web: www.socar.de

 

Azerbaijan Airlines

Augsburger Straße 31

10789 Berlin

Tel.: +49 (0) 30-54 82 29 08
Fax: +49 (0) 30-53 05 10 65

E-mail: berlin@azal.az

Web: www.azal.az

 

Azerbaijan Airlines

Kaiserstr. 77

60329 Frankfurt

Tel.: Call Center - 01805 161 220 (reservations)

Tel.: 069-770 673 044 (sales and marketing)

E-mail: frankfurt@azal.az

Web: www.azal.az

 

International Bank of Azerbaijan

Myliusstr. 25

60323 Frankfurt am Main

Tel: 069-71585770, 069-71585769

Fax: 069-71588681

E-Mail: info@ibar-germany.de; frankfurt.repoffice@ibar-germany.de

Web: www.ibar.az

 

German-Azerbaijani Chamber of Commerce

Winter Park Plaza, 7th floor

75 Rasul Rza str.
AZ 1014 Baku, Azerbaijan

Tel.: +994 (12) 497 63 06/07
Fax: +994 (12) 497 63 05

E-mail: mail@ahk-baku.de

Web: www.ahk-baku.de

 

German Society for International Cooperation

10, Nizami str., 5th floor

AZ 1001 Baku, Azerbaijan

Tel.: +994 (12) 497 80 68

Fax: +994 (12) 497 80 69

E-mail: giz-aserbaidschan@giz.de

Web: www.giz.de

 

Reconstruction Credit Institute

10, Nizami str.

1001 Baku, Azerbaijan

Tel.: +994 (12) 497 80 71

Fax: +994 (12) 497 80 72

E-mail: kfw.baku@kfw.de

Web: www.kfw.de

 

Date of last update: 05.11.2018