Embassy of India
Baku(Azerbaijan)
***
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
