The article provides extensive information about the essence and significance of foreign trade. Also, when analyzing the data presented in the article, methods of comparison and synthesis were used. The article concludes that countries that effectively use their resources, expand exports, receive more foreign currency compared to others, improve their economic results. The purpose of the study – Without foreign trade, it is impossible to imagine any country, because the role of foreign trade in the future development of the country and the improvement of the welfare of the people is huge. In this article, the main goal of the study is to understand the importance of foreign trade in the economic life of the country, to determine the development
directions of the current situation of Azerbaijan in foreign trade, and to examine its negative andpositive aspects.
Research methodology – The research used methods such as comparison, observation,generalization, analysis, and synthesis.
As a result, we can say that no matter how many countries try to restrict international tradeusing special means and methods, tariffs, quotas, foreign trade benefits the economy as a whole and leads to progress. Countries can make more profit from the process if they produce efficient, lowcost products for themselves and import high-cost products. In the production of economical, quality, competitive products, the role of global free trade is great, and countries that want to get more profit and expand their economy can engage in foreign trade. Countries that effectively use their resources and expand exports get more foreign currency than others, improve their economic results, and are able to ensure the future well-being of their people.
Keywords: foreign trade, international economic relations, import and export, globalization