AZƏRBAYCANIN DÜNYA TİCARƏTİNDƏ YERİ VƏ ROLU

Abstract

In this article, substantial topics, such as the foreign trade dynamics of Azerbaijan, leading countries that participate in export and import, status and role of the country in world trade are discussed. Additionally, information about the balance generated from Azerbaijan's foreign trade flow and goods that have an advantage in its export is included. One of the expansive areas of the economy is international trade. Free trade enables countries to develop economically and increase their income levels. The level of development and income of countries are the main factors that determine the growth of their integration into the world economy. World trade provides a basis for the efficient distribution of resources between countries. International trade and its place in the world economic relations system are directly related to globalization. International trade has numerous positive effects on the economic development of countries. By participating in world trade, countries have the opportunity to get acquainted with advanced techniques and technologies, innovations, extensive knowledge, and information created on an international scale. World trade is developing rapidly and is constantly advancing onward. Participation of the state in world trade is directly connected to its development level, size of its internal market, foreign trade policy, geographical location, population size, natural resources, etc. Furthermore, in terms of the country's capacity to deal with domestic demand, the country's size of production attracts participating in international trade. As a consequence, it is crucial to analyze foreign trade statistics whilst researching the country's role in international trade.