Armenia (ARM) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Armenia-Azerbaijan In 2022, Armenia exported $1.27M to Azerbaijan. The main products that Armenia exported to Azerbaijan are Electricity ($1.27M). During the last 17 years the exports of Armenia to Azerbaijan have increased at an annualized rate of 65.9%, from $232 in 2005 to $1.27M in 2022.

In 2022, Armenia did not export any services to Azerbaijan.

Azerbaijan-Armenia In 2022, Azerbaijan exported $722k to Armenia. The main products that Azerbaijan exported to Armenia were N/A. During the last 17 years the exports of Azerbaijan to Armenia have increased at an annualized rate of 77.5%, from $42 in 2005 to $722k in 2022.

In 2022, Azerbaijan did not export any services to Armenia.

Comparison In 2022, Armenia ranked 74 in the Economic Complexity Index (ECI -0.24), and 122 in total exports ($5.78B). That same year, Azerbaijan ranked 82 in the Economic Complexity Index (ECI -0.47), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Armenia exported $1.27M to Azerbaijan. The main products exported from Armenia to Azerbaijan were Electricity ($1.27M). During the last 17 years the exports of Armenia to Azerbaijan have increased at an annualized rate of 65.9%, from $232 in 2005 to $1.27M in 2022.

In 2021, Azerbaijan exported $722k to Armenia. There were not main exports from Azerbaijan to Armenia in 2021. During the last 9 years the exports of Azerbaijan to Armenia have increased at an annualized rate of 77.5%, from $42 in 2012 to $722k in 2021.

Exports from Armenia () to Azerbaijan () (2022)

Exports from Azerbaijan () to Armenia () (2022)

Latest Data

Trade between Armenia () and Azerbaijan ()

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$2.36B

Azerbaijan
Top DestinationItaly$18.3B

This map shows whether countries import more from Armenia or Azerbaijan. Each country is colored based on the difference in imports they receive from Armenia and Azerbaijan or the difference in the growth in imports.

In 2021, countries that imported more from Armenia than Azerbaijan were Russia ($2.36B), United Arab Emirates ($535M), and Iraq ($250M).

In 2021, countries that imported more from Azerbaijan than Armenia were Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

Difference in imports from Azerbaijan () and Armenia () (2022)

Comparative Advantage Armenia - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Armenia and Azerbaijan by product, considering products traded by both, Armenia and Azerbaijan.

During 2022, Armenia had a large net trade with Azerbaijan in the exports of Mineral Products ($1.27M).

During 2021, Azerbaijan had a large net trade with Armenia in the exports of .

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Armenia has comparative advantage over Azerbaijan. Similarly, the more yellow a dot/product is, the more Azerbaijan has comparative advantage over Armenia.

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Azerbaijan () (2022)

Exports from Azerbaijan () to Armenia () (2022)

Latest Data

Trade between Armenia () and Azerbaijan ()

Armenia Exports

Market Competitiveness

Difference in imports from Azerbaijan () and Armenia () (2022)

Comparative Advantage Armenia - Azerbaijan

Economic Complexity

Competitive Landscape

Product Space of Armenia () and Azerbaijan () (2022)

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