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 2020, the share of Azerbaijan in the overall trade turnover between Germany and South Caucasus was around 65%. Furthermore, according to the German Federal Office for Economic Affairs and Export Control, in 2020, Azerbaijan was Germany’s 9th biggest crude oil supplier. In 2020, 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.Najaf, 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, 22 November 2017 in Berlin and 31 January 2019 in Baku.
On 12 November 2012, the German-Azerbaijani Chamber of Commerce was opened in Baku. Almost 150 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. EUR)
| 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 |
| 2018 | 433.709 | 1.442.094 | 1.875.803 | 1.008.385 |
| 2019 | 439.634 | 1.348.284 | 1.787.918 | 908.650 |
| 2020 | 358.775 | 734.051 | 1.092.826 | 375.276 |
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