2023
Flag  
GDP
$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP GROWTH
-2.43%CURRENT US$
Rnk 173 / 195
2023
Flag
 GDP
$71.9BCURRENT US$
Rnk 84 / 195
2013-2023
Flag
GDP GROWTH
-4.86%CURRENT US$
Rnk 175 / 195
2023
Flag
GDP PC 
$7,126CURRENT US$
Rnk 103 / 195
2013-2023
Flag
GDP PC GROWTH
-9.52%CURRENT US$
Rnk 168 / 195
2023
Flag
GDP PC
$7,829CURRENT US$
Rnk 98 / 196
2013-2023
Flag
GDP PC GROWTH
-2.11%CURRENT US$
Rnk 156 / 195

About

Azerbaijan-Belarus Trade: In 2023, Azerbaijan exported $31.8M to Belarus. The main products that Azerbaijan exported to Belarus were Propylene Polymers ($5.56M), Insulated Wire ($4.31M), and Tomatoes ($3.25M). Over the past 5 years the exports of Azerbaijan to Belarus have increased at an annualized rate of 6.11%, from $23.7M in 2018 to $31.8M in 2023.

In 2008, Azerbaijan exported services to Belarus worth $1.4M, with Travel ($962k), Transportation ($333k), and Services not allocated ($98k) being the largest in terms of value.

Belarus-Azerbaijan Trade: In 2023, Belarus exported $325M to Azerbaijan. The main products that Belarus exported to Azerbaijan were Sawn Wood ($97.8M), Refined Petroleum ($22.5M), and Tractors ($20.4M). Over the past 5 years the exports of Belarus to Azerbaijan have increased at an annualized rate of 6.28%,  from $239M in 2018 to $325M in 2023.

In 2014, Belarus exported services to Azerbaijan worth $1.75M, with Computer and information services ($1.52M), Royalties and license fees ($143k), and Government services, n.i.e. ($76.2k) being the largest in terms of value.

Comparison: In 2023,  Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B). That same year, Belarus ranked 33 in the Economic Complexity Index (ECI 0.81), and 114 in total exports ($7.61B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Azerbaijan exported $31.8M to Belarus. The main products exported from Azerbaijan to Belarus were Propylene Polymers ($5.56M), Insulated Wire ($4.31M), and Tomatoes ($3.25M). During the last 5 years the exports of Azerbaijan to Belarus have increased at an annualized rate of 6.11%, from $23.7M in 2018 to $31.8M in 2023.

In 2018, Belarus exported $325M to Azerbaijan. The main products exported from Belarus to Azerbaijan were Sawn Wood ($97.8M), Refined Petroleum ($22.5M), and Tractors ($20.4M). During the last 5 years the exports of Belarus to Azerbaijan have increased at an annualized rate of 6.28%, from $239M in 2023 to $325M in 2018.

Exports from Azerbaijan (Flag) to Belarus (Flag) (2023)

Exports from Belarus (Flag) to Azerbaijan (Flag) (2023)

Latest Data

Trade between Azerbaijan (Flag) and Belarus (Flag)

Azerbaijan Exports

Belarus Exports

Market Competitiveness

Color
Azerbaijan
Top Destination
Italy$11.4B
Belarus
Top Destination
China$2.6B

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

In 2023, countries that imported more from Azerbaijan than Belarus included Italy ($11.4B), Turkey ($5.85B), and Israel ($1.4B).

In 2023, countries that imported more from Belarus than Azerbaijan included China ($2.6B), Kazakhstan ($757M), and Brazil ($415M).

Difference in imports from Belarus (Flag) and Azerbaijan (Flag) (2023)

Comparative Advantage Azerbaijan - Belarus

Flow
Scale

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

During 2023, Azerbaijan had a large net trade with Belarus in the exports of Machines ($7.5M), Vegetable Products ($7.31M), and Plastics and Rubbers ($7.16M).

During 2018, Belarus had a large net trade with Azerbaijan in the exports of Wood Products ($137M), Transportation ($48.7M), and Animal Products ($31.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Azerbaijan Belarus+$1.74MRefined Petroleum
Top Product Potential Belarus Azerbaijan+$384kOther Furniture

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Azerbaijan and Belarus. This means that a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Belarus. Similarly, a dot/product with the flag of Belarus indicates it has a comparative advantage over Azerbaijan.

Product Space of Azerbaijan (Flag) and Belarus (Flag) (2023)

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