About Us BRIEF ON BILATERAL TRADE AND COMMERCE

Embassy of India

Baku(Azerbaijan)

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Over the years, India’s bilateral trade with Azerbaijan has increased substantially from around US$ 50 million in 2005 to around US$ 1093 million in 2019. The important items of direct and indirect imports from India are mobile phones, rice, drugs/human vaccine, kali & natrium bromide, excavators, heating boilers, liquid pumps, agricultural tractors, cars, meat, black tea etc. The primary import of India from Azerbaijan is crude oil, iodine, components of earth-moving and tunneling machines, unwrought lead and cattle skins.

The jump in bilateral trade coincided with the opening of the Baku-Tbilisi-Chaney(BTC) oil pipeline to the Mediterranean port, from where Indian oil companies have been buying substantive quantities of crude oil. In 2018, India’s trade with Azerbaijan was US$ 922 million which increased by 18.5% in 2019 to US$ 1093 million. India’s export to Azerbaijan in 2019 was US$ 136.65 million and India’s import from Azerbaijan was US$ 955.87 million. During January-December 2019, crude oil continued to be Azerbaijan’s main export to India, valuing US$ 952.929 million, and Mobile phone is the main commodity of import from India, valuing US$ 28.49 million with 17.8% of total import of mobile phones in Azerbaijan. Rice was the second main commodity imported from India, amounting US$ 28.27 million, which accounts for 74.4% of total import of rice in Azerbaijan. Since February 2016, the concerned authorities in Azerbaijan started accepting dossiers for registration of Indian Pharma products and the final registration of products started in 2017. In 2019, India exported US$ 10.728 million of Drugs/Human vaccine to Azerbaijan.

Potential products of imports from India are Rice (HS100610/30), Black tea/Other black tea (HS090230/40), Drugs/Human vaccine (HS300490/HS300220), Kali & natrium bromide (HS282751), Types of mechanical spades & excavators (HS842959), Parts boilers for central heating(HS840310), Centrifugal liquid – pumps(HS841370), Agricultural tractors& forestry tractors (HS870193) and Cars (HS870322). The primary export to India from Azerbaijan is Crude oil, Iodine, Components of earth-moving & tunneling machines, Other unwrought lead and Cattle skins.

BILATERAL TRADE WITH INDIA YEARWISE

(In million US$)

Year

Import from India

Export to India

Total Bilateral trade

2015

34.80

270.24

305.04

2016

59.85

437.18

497.03

2017

97.03

365.52

462.55

2018

102.94

819.94

922.48

2019

136.65

955.87

1092.52

TOP 10 ITEMS OF IMPORTS FROM INDIA IN 2019

Sl. No.

Commodity

6-digit HS code

In million US$

1

Mobile phones

HS851712

28.488

2

Rice

HS100630/10

28.274

3

Drugs

HS300490

8.503

4

Kali & natrium bromide

HS282751

6.702

5

Types of mechanical spades & excavators

HS842959

2.344

6

Human vaccine

HS300220

2.225

7

Parts boilers for central heating

HS840310

2.208

8

Centrifugal liquid-pumps

HS841370

2.038

9

Agricultural tractors and forestry tractors

HS870193

1.869

10

Cars

HS870322

1.677

TOP ITEMS OF EXPORT TO INDIA IN 2019

Sl. No.

Commodity

6-digit HS Code

In million US$

1

Crude oil

HS270900

952.929

2

Iodine

HS280120

1.700

3

Components of earth-moving and tunneling machines

HS843143

0.394

4

Other unwrought lead

HS780199

0.260

5

Cattle skins

HS410149

0.234

 

17 March 2020