ccount balance:

$9.019 billion (2007 est.)

Exports:

$21.27 billion f.o.b. (2007 est.)

Exports - commodities:

oil and gas 90%, machinery, cotton, foodstuffs

Exports - partners:

Turkey 17.4%, Italy 15.5%, Russia 8.7%, Iran 7.2%, Indonesia 6.4%,
Israel 6.1%, Georgia 5.7%, US 4.8%, France 4.3% (2007)

Imports:

$6.045 billion f.o.b. (2007 est.)

Imports - commodities:

machinery and equipment, oil products, foodstuffs, metals, chemicals

Imports - partners:

Russia 17.6%, Turkey 10.9%, Germany 8.2%, Ukraine 8.2%, UK 7.2%,
Japan 5.2%, China 4.9%, US 4.7% (2007)

Economic aid - recipient:

ODA, $223.4 million (2005 est.)

Reserves of foreign exchange and gold:

$4.273 billion (31 December 2007 est.)

Debt - external:

$2.439 billion (31 December 2007 est.)

Stock of direct foreign investment - at home:

$7.829 billion (2007 est.)

Stock of direct foreign investment - abroad:

$4.912 billion (2007 est.)

Market value of publicly traded shares:

$NA

Currency (code):

Azerbaijani manat (AZN)

Currency code:

AZM

Exchange rates:

Azerbaijani manats (AZN) per US dollar - 0.8581 (2007), 0.8934
(2006), 4,727.1 (2005), 4,913.48 (2004), 4,910.73 (2003)
note: on 1 January 2006 Azerbaijan revalued its currency, with 5,000
old manats equal to 1 new manat

Communications
Azerbaijan

Telephones - main lines in use:

1.254 million (2007)

Telephones - mobile cellular:

4.3 million (2007)

Telephone system:

general assessment: inadequate; requires considerable expansion and
modernization; teledensity of 15 main lines per 100 persons is low;
mobile-cellular penetration is increasing and is currently about 50
telephones per 100 persons
domestic: fixed-line telephony and a broad range of other telecom
services are controlled by a state-owned telecommunications monopoly
and growth has been stagnant; more competition exists in the
mobile-cellular market with three providers in 2006; satellite
service connects Baku to a modern switch in its exclave of Naxcivan
international: country code - 994; the old Soviet system of cable
and microwave is still serviceable; satellite earth stations - 2
(2007)

Radio broadcast stations:

AM 10, FM 17, shortwave 1 (1998)

Radios:

175,000 (1997)

Television broadcast stations:

2 (1997)

Televisions:

170,000 (1997)

Internet country code:

.az

Internet hosts:

6,995 (2008