Azerbaijan is the United States' 110th largest goods export market and represents a stable national economy that is very attractive for US strategic investments, US political scientist and expert in international relations Peter Tase told Report.
Reminding that the United States and Azerbaijan celebrate the 30th anniversary of successful bilateral partnership, the expert noted that an important component of Baku-Washington cooperation is the area of commerce and trade.
"In the strengthening of this bilateral partnership, the President of Azerbaijan H. E. Mr. Ilham Aliyev has conducted a highly pragmatic and effective foreign policy that has brought closer this close cooperation and attracted the attention of the White House towards Baku and the investment climate of the Republic of Azerbaijan," Tase said.
"Azerbaijan is currently the 125th largest goods trading partner of the United States with $400 million in total (two way) goods trade during 2019. Goods exported from the US totaled $374 million; goods imports (shipment from Azerbaijan to the United States) totaled $26 million. The US goods trade surplus with Azerbaijan was $348 million in 2019," the expert noted.