Embassy of the Republic of Azerbaijan to Federal Republic of Germany

Bilateral relations

History of bilateral relations

Legal base of bilateral relations

Main high level visits and meetings.

Trade and Economic Cooperation

Other areas of bilateral cooperation

Consular relations

Cultural Cooperation

Educational cooperation

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 9^th 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