In addition, there are more than a dozen foreign and joint-venture banks, representing the United States, the United Kingdom, Turkey, Iran, Russia, Austria and others. Trade and Foreign Investment Trends Azerbaijan has traditionally depended heavily on trade, with imports and exports each comprising more than 35 percent of GDP during the latter half of the 1980s. Since re-establishing its independence, Azerbaijan has moved swiftly to reorient itself towards new markets outside those of the former Soviet Union. Major export markets include Iran, Russia, Georgia and Turkey. Major import markets are Turkey, the United Arab Emirates, the Ukraine and Germany.
Major exports are oil, chemicals, textiles, machinery, equipment and food industry products.
Major imports are food products, machinery and equipment, light industry materials and chemicals. The Environment Azerbaijan is the largest of the South Caucasus countries. Lowlands occupy more than half of the country. Azerbaijan is notable for its ecological diversity. Its territory includes vast plains below sea level, mountain peaks with heights of over 4,000 meters, deserts, Alpine meadows, salt marshes and sub-tropical woods.