About Us Fact Sheet on Azerbaijan

erbaijan – Fact Sheet

 

GENERAL

Official Name

Republic of Azerbaijan

Capital

Baku

Area

86,600 sq. km [ ~ West Bengal]

[It borders Iran (765 km) and Türkiye (15 km) on the south, Russia (390 km) on the north, Georgia (480 km) on the north-west and Armenia (1007 km) on the west. It has 713 km coastline with the Caspian Sea on the east]

Weather (in C)

Average temperature in summer is 28°C

Average temperature in winter is 14°C

Population

10.239 million as of 01 Jun 2025

Foreign Arrivals

2.57 million in 2025, including 166,944 from India.

Age Profile

0-14 years: 22.4%; 15-24 years: 13.5%; 

25-54 years: 45.5%; 55-64 years: 11.4%; 

65 years and over: 7.2%

Life Expectancy

73 years (estimated)

Language 

Azerbaijani (official) 92.6%, Russian 1.4%, Armenian 1.4%, other 4.7%

Ethnic groups

Azerbaijani 91.6%, Lezgis 2%, Russian 1.3%, Armenian 1.3%, Talysh 1.3%, others 2.4%

Main Religions 

Shia Muslim: 70%, Sunni Muslim: 23%, Russian Orthodox: 2.5%, Armenian Orthodox: 2.3%, Others: 1.8%

Internet Penetration

90.2% households (2024)

Mobile phones

11.323 million (2024) [111 subscriptions per 100 inhabitants]

Urbanisation

57% (2024)

[Only 1 urban settlement with population of more than 5 lakh - Baku]

ECONOMIC

Currency

AZN  (Manat)

Exchange rate with US$ & INR

1 US$ = 1.7 Azerbaijani Manat

1 Azerbaijani Manat  =  INR 53

GDP

AZN 129.09 billion (US$ 75.94 billion) (2025)  

Annual GDP Growth Rate

1.4% (2025)

GDP Per Capita

US$ 7,413 (2025)

Major Sectors 

(% of GDP)

2025

Industry: 33%, Trade and transport maintenance: 11.3%, Net taxes on products and imports: 9.6%, Transport & warehousing: 7.1%, Construction: 6.5%, Agriculture, forestry & fisheries: 5.9%, Tourist accommodation & public catering: 2.8%, IT & communications: 2.1%, and Other sectors: 21.7% 

Unemployment Rate 

5.2% (As of 19 January 2026)

Inflation 

5.6% (2025)

Total Trade (Goods)

US$ 48.91 billion (2025) 

Exports (Goods)

Major Exports- products (value)

US$ 24.53 billion (2025)


(i) HS 2709 (Petroleum oils and oils obtained from bituminous minerals, crude) - US$ 12.091 Billion

(ii) HS 2711 (Petroleum gases and other gaseous hydrocarbons) - US$ 8.821 billion

(iii) HS 2710 (Petroleum oils and oils obtained from bituminous minerals, other than crude, etc.) - US$ 0.432 billion

(iv) HS 7108 (Gold, unwrought, semi-manufactured or in powder form) - US$  0.326 billion

(v) HS 0810 – (Other fresh fruits) - US$  0.230 billion

Imports (Goods)

Major Imports- products (value)

US$ 24.38 billion (2025)


(i) HS 7108 (Gold, unwrought, semi-manufactured or in powder form) - US$  6.265 billion

(ii) HS 8703 (Motor cars and other motor vehicles principally designed for the transport of persons) - US$ 2.142 billion

(ii) HS 2709 (Petroleum oils and oils obtained from bituminous minerals, crude) - US$ 0.773 billion

(iii) HS 8517  (Telephone sets, including smartphones and other telephones for cellular networks or for other wireless networks, etc.) - US$ 0.589 billion

(iv) HS 2710 (Petroleum oils and oils obtained from bituminous minerals, other than crude, etc.) - US$ 0.488 billion

Balance of Trade (in favour of Azerbaijan)

US$ 0.15 billion (2025)

Major Trading Partners 

2025

Italy - US$ 11.86 billion, Türkiye - US$ 5.72 billion, Russia - US$ 4.92 billion, China - US$ 4.87 billion, Switzerland – US$ 1.77 billion, USA - 1.56 billion, Germany - US$ 1.38 billion, UK – US$ 1.14 billion, Australia - US$ 0.895 billion, Georgia – US$ 0.881 billion, Greece – US$ 0.873 billion, Bulgaria – US$ 0.840 billion


Imports Partners

  1. China
  2. Russia
  3. Türkiye
  4. USA
  5. Switzerland

Exports Partners

  1. Italy 
  2. Türkiye
  3. Russia
  4. Greece
  5. Bulgaria


POLITICAL

Political System

Presidential Republic  

Head of State

H.E. Mr. Ilham Aliyev, President of Azerbaijan  

Prime Minister

H.E. Mr. Ali Asadov

Minister of Foreign Affairs

H.E. Mr. Jeyhun Bayramov

BILATERAL

Bilateral Trade

US$ 0.401 billion (2025)

US$ 0.958 billion (2024)

US$ 1.436 billion (2023)

US$ 1.882 billion (2022)

Indian Exports to Azerbaijan

US$ 226 million (2025)

US$ 224 million (2024)

US$ 201 million (2023)

US$ 220 million (2022)

Indian Imports from Azerbaijan

US$ 175 million (2025)

US$ 734 million (2024)

US$ 1.235 billion (2023)

US$ 1.662 billion (2022)

Major items of Export to India

2025


HS 270900 - Crude Oil: US$ 167.31 million (1.38% of global exports)  

HS 310210 - Mineral or chemical nitrogen fertilizers, urea – US$ 4.68 million (2.74% of global exports)

HS 280120 – Iodine: US$ 1.57 million (13.84% of global exports)

HS 271051- Jet Fuel: US$ 0.543 million (2.053% of global exports)

HS 850440 - Static converters, telecommunications apparatus: US$ 0.26 million (17.97% of global exports)

Major items of Import from India

2025

HS 100630 – Rice: US$ 38.82 million (78.32% of global imports)

HS 300490 – Drugs: US$ 18.70 million (5.08%  of global imports)

HS 851713 - Smart Phones: US$ 8.54 million (1.87% of global imports)

HS 680223 - Granite monumental or building stone – US$ 6.51 million (52.34% of global imports)

HS 690721 - Ceramic Tiles: US$ 5.50 million (16.48%  of global imports)

Investments in Azerbaijan

Top Five Investors (1995-2022)


(i) UK

(ii) USA

(iii) Türkiye

(iv) Norway

(v) Japan

Indian Investment: 

ONGC Videsh Ltd (OVL) has acquired 2.925% participating interest in Production Sharing Agreement for Azeri, Chirag and Gunashli (ACG) fields as well as a 3.097% stake in the associated Baku – Tbilisi - Ceyhan (BTC) pipeline from Hess Oil and Gas Holdings Inc. and Equinor. OVL has invested more than US$ 1.2 billion in the project since Mar 2013, which includes the initial acquisition cost.   

Indian Community / Diaspora

Indian Nationals: 1000, including around 350 students.

PIOs/OCI card holders: 75

Major areas of engagement / employment of Indians 

The Indian community in Azerbaijan comprises of about 1000 persons, including professionals employed with international companies in the oil and gas sectors, businessmen engaged in commodities trading, catering and restaurant business and construction workers on short-term contracts.

Prominent Indian Community Organizations / Persons

Indian Association Azerbaijan (IAA)

Baku Malayalee Association (BMA)

Baku Tamil Sangham (BTA)

Azerbaijan Telugu Association (ATA)

Indian Student Association of Azerbaijan (ISAA)

(Feb 2026)

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