Austria (AUT) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Austria-Azerbaijan In 2022, Austria exported $70.9M to Azerbaijan. The main products that Austria exported to Azerbaijan are Flavored Water ($6.3M), Packaged Medicaments ($6.17M), and Lifting Machinery ($5.96M). During the last 27 years the exports of Austria to Azerbaijan have increased at an annualized rate of 14.2%, from $1.96M in 1995 to $70.9M in 2022.

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

Azerbaijan-Austria In 2022, Azerbaijan exported $88.9M to Austria. The main products that Azerbaijan exported to Austria were Crude Petroleum ($88M), Ferroalloys ($340k), and Metal Mountings ($165k). During the last 27 years the exports of Azerbaijan to Austria have increased at an annualized rate of 17.1%, from $1.26M in 1995 to $88.9M in 2022.

In 2008, Azerbaijan exported services to Austria worth $178k, with Transportation ($178k) being the largest in terms of value.

Comparison In 2022, Austria ranked 8 in the Economic Complexity Index (ECI 1.48), and 32 in total exports ($209B). 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, Austria exported $70.9M to Azerbaijan. The main products exported from Austria to Azerbaijan were Flavored Water ($6.3M), Packaged Medicaments ($6.17M), and Lifting Machinery ($5.96M). During the last 27 years the exports of Austria to Azerbaijan have increased at an annualized rate of 14.2%, from $1.96M in 1995 to $70.9M in 2022.

In 2022, Azerbaijan exported $88.9M to Austria. The main products exported from Azerbaijan to Austria were Crude Petroleum ($88M), Ferroalloys ($340k), and Metal Mountings ($165k). During the last 27 years the exports of Azerbaijan to Austria have increased at an annualized rate of 17.1%, from $1.26M in 1995 to $88.9M in 2022.

Exports from Austria () to Azerbaijan () (2022)

Exports from Azerbaijan () to Austria () (2022)

Latest Data

Trade between Austria () and Azerbaijan ()

Austria Exports

Date

Azerbaijan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Austria
Top DestinationGermany$57.7B

Azerbaijan
Top DestinationItaly$18.3B

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

In 2021, countries that imported more from Austria than Azerbaijan were Germany ($57.7B), United States ($14.4B), and Switzerland ($11.2B).

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

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

Comparative Advantage Austria - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Austria had a large net trade with Azerbaijan in the exports of Machines ($24.7M), Chemical Products ($11.3M), and Foodstuffs ($8.15M).

During 2022, Azerbaijan had a large net trade with Austria in the exports of Mineral Products ($88.1M), Metals ($603k), and Machines ($75.8k).

Service Trade

Bilateral Service Trade

Aze Year

In 2008, Azerbaijan exported services to Austria worth $178k, with Transportation ($178k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Azerbaijan () to Austria () (2008)

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

About

Historical Data

Bilateral Trade by Products

Exports from Austria () to Azerbaijan () (2022)

Exports from Azerbaijan () to Austria () (2022)

Latest Data

Trade between Austria () and Azerbaijan ()

Austria Exports

Azerbaijan Exports

Market Competitiveness

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

Comparative Advantage Austria - Azerbaijan

Service Trade

Bilateral Service Trade

Services Exports from Azerbaijan () to Austria () (2008)

Economic Complexity

Competitive Landscape

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

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