Embassy of the Czech Republic in Baku

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Economic, energy and trade cooperation between the Czech Republic and Azerbaijan

Economic, energy and trade cooperation between the Czech Republic and Azerbaijan is directed to:

  1. Supporting (assisting) implementation of Southern Energy Corridor Project as effective instrument to achieve diversification of Europe’s energy supplies and greater energy security.
  2. Assisting Czech entrepreneurs in establishing first business contacts with their local counterparts and vice-versa.
  3. Supporting transparency in business practices and deals between the Czech and Azerbaijani companies.
  4. Supporting the investment activities of the Czech and Azerbaijani companies in Azerbaijan and the Czech Republic.
  5. Promoting the Czech Republic as an attractive tourist, wellness, health, leisure and educational destination

Trade between the Czech Republic and Azerbaijan (in thousand €):

  Export Import Turnover Balance
2005 29 971 470 595 500 566 -440 624
2006 38 616 773 845 812 461 -735 229
2007 42 695 746 945 789 640 -704 250
2008 62 153 105 8097 1120 250 -995 944
2009 62 087 486 207 548 294 -424 120
2010 78 392 90 4585 982 977 -826 193
2011 135 781 1 242 517 1 378 298 -1 106 736
2012 10 894 1 273 662 1 383 556 -1 163 768

 

2012/I-II 13 163 182 360 195 524 -169 196
2013/I-II 13 288 153 551 166 839 -140 263

Source: Czech Statistical Office

The commodity structure of the Czech export to Azerbaijan has remained stable in the past years. The main items are cars and trucks and their spare parts, construction material, machinery and industrial equipment, detergents, a range of pharmaceutical products and cosmetics. Traditionally, the Bohemian glass and crystal products like chandeliers, beer, malt and hops have been exported to the Azerbaijani market through the years.

The Czech import from Azerbaijan consists of oil (nearly 25 % of all oil import to the Czech Republic), cotton, dry fruits and nuts.