2022
Flag  
GDP
$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
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GDP GROWTH
8.3%CURRENT US$
Rnk 148 / 186
2022
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 GDP
$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 140 / 186
2022
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GDP PC 
$64,491CURRENT US$
Rnk 11 / 186
2012-2022
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GDP PC GROWTH
-5.23%CURRENT US$
Rnk 153 / 186
2022
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GDP PC
$7,737CURRENT US$
Rnk 87 / 186
2012-2022
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GDP PC GROWTH
3.21%CURRENT US$
Rnk 134 / 186

About

Australia-Azerbaijan In 2022, Australia exported $23.6M to Azerbaijan. The main products that Australia exported to Azerbaijan are Aluminium Oxide ($17.1M), Pumice ($1.1M), and Orthopedic Appliances ($928k). During the last 27 years the exports of Australia to Azerbaijan have increased at an annualized rate of 19.3%, from $199k in 1995 to $23.6M in 2022.

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

Azerbaijan-Australia In 2022, Azerbaijan exported $146M to Australia. The main products that Azerbaijan exported to Australia were Crude Petroleum ($146M), Fruit Juice ($140k), and Surveying Equipment ($22.8k). During the last 27 years the exports of Azerbaijan to Australia have increased at an annualized rate of 24.8%, from $371k in 1995 to $146M in 2022.

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

Comparison In 2022,  Australia ranked 77 in the Economic Complexity Index (ECI -0.35), and 16 in total exports ($424B). 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
Value

In 2022, Australia exported $23.6M to Azerbaijan. The main products exported from Australia to Azerbaijan were Aluminium Oxide ($17.1M), Pumice ($1.1M), and Orthopedic Appliances ($928k). During the last 27 years the exports of Australia to Azerbaijan have increased at an annualized rate of 19.3%, from $199k in 1995 to $23.6M in 2022.

In 2022, Azerbaijan exported $146M to Australia. The main products exported from Azerbaijan to Australia were Crude Petroleum ($146M), Fruit Juice ($140k), and Surveying Equipment ($22.8k). During the last 27 years the exports of Azerbaijan to Australia have increased at an annualized rate of 24.8%, from $371k in 1995 to $146M in 2022.

Exports from Australia (Flag) to Azerbaijan (Flag) (2022)

Exports from Azerbaijan (Flag) to Australia (Flag) (2022)

Latest Data

Trade between Australia (Flag) and Azerbaijan (Flag)

Australia Exports

Azerbaijan Exports

Market Competitiveness

Color
Australia
Top Destination
China$123B
Azerbaijan
Top Destination
Italy$18.3B

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

In 2021, countries that imported more from Australia than Azerbaijan were China ($123B), Japan ($80.1B), and South Korea ($41B).

In 2021, countries that imported more from Azerbaijan than Australia were Italy ($18.3B), Turkey ($3.57B), and Greece ($1.51B).

Difference in imports from Azerbaijan (Flag) and Australia (Flag) (2022)

Comparative Advantage Australia - Azerbaijan

Flow
Scale

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

During 2022, Australia had a large net trade with Azerbaijan in the exports of Chemical Products ($17.6M), Instruments ($1.61M), and Machines ($1.59M).

During 2022, Azerbaijan had a large net trade with Australia in the exports of Mineral Products ($146M), Foodstuffs ($140k), and Instruments ($22.8k).

Economic Complexity

Competitive Landscape

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 Australia has comparative advantage over Azerbaijan. Similarly, the more yellow a dot/product is, the more Azerbaijan has comparative advantage over Australia.

Product Space of Australia (Flag) and Azerbaijan (Flag) (2022)

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