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2023
Flag → Flag
Exports $349MRnk 15 / 137
2023
Flag → Flag
Top Product $328MCrude Petroleum
2023
Flag → Flag
Exports $388MRnk 72 / 223
2023
Flag → Flag
Top Product $151MCars
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
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GDP GROWTH-2.43%CURRENT US$
Rnk 173 / 195
2023
Flag
 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 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$49,464CURRENT US$
Rnk 26 / 196
2013-2023
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GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Azerbaijan-United Kingdom Trade: In 2023, Azerbaijan exported $349M to United Kingdom. The main products that Azerbaijan exported to United Kingdom were Crude Petroleum ($328M), Petroleum Coke ($6.94M), and Nitrogenous Fertilizers ($2.31M). Over the past 5 years the exports of Azerbaijan to United Kingdom have increased at an annualized rate of 7.42%, from $244M in 2018 to $349M in 2023.

In 2008, Azerbaijan exported services to United Kingdom worth $143M, with Transportation ($75.6M), Services not allocated ($45.6M), and Travel ($19.3M) being the largest in terms of value.

United Kingdom-Azerbaijan Trade: In 2023, United Kingdom exported $388M to Azerbaijan. The main products that United Kingdom exported to Azerbaijan were Cars ($151M), Gas Turbines ($35.1M), and Valves ($13.1M). Over the past 5 years the exports of United Kingdom to Azerbaijan have decreased at an annualized rate of 21.4%,  from $1.3B in 2018 to $388M in 2023.

In 2023, United Kingdom did not export any services to Azerbaijan.

Comparison: In 2023,  Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B). That same year, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Azerbaijan exported $349M to United Kingdom. The main products exported from Azerbaijan to United Kingdom were Crude Petroleum ($328M), Petroleum Coke ($6.94M), and Nitrogenous Fertilizers ($2.31M). During the last 5 years the exports of Azerbaijan to United Kingdom have increased at an annualized rate of 7.42%, from $244M in 2018 to $349M in 2023.

In 2018, United Kingdom exported $388M to Azerbaijan. The main products exported from United Kingdom to Azerbaijan were Cars ($151M), Gas Turbines ($35.1M), and Valves ($13.1M). During the last 5 years the exports of United Kingdom to Azerbaijan have decreased at an annualized rate of 21.4%, from $1.3B in 2023 to $388M in 2018.

Exports from Azerbaijan (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Azerbaijan (Flag) (2023)

Latest Data

Trade between Azerbaijan (Flag) and United Kingdom (Flag)

Azerbaijan Exports

United Kingdom Exports

Market Competitiveness

Color
Azerbaijan
Top DestinationItaly$11.4B
United Kingdom
Top DestinationUnited States$59.7B

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

In 2023, countries that imported more from Azerbaijan than United Kingdom included Italy ($11.4B), Croatia ($754M), and Georgia ($654M).

In 2023, countries that imported more from United Kingdom than Azerbaijan included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

Difference in imports from United Kingdom (Flag) and Azerbaijan (Flag) (2023)

Comparative Advantage Azerbaijan - United Kingdom

Flow
Scale

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

During 2023, Azerbaijan had a large net trade with United Kingdom in the exports of Mineral Products ($335M), Machines ($6.13M), and Chemical Products ($2.57M).

During 2018, United Kingdom had a large net trade with Azerbaijan in the exports of Transportation ($163M), Machines ($116M), and Metals ($37.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Azerbaijan United Kingdom+$299MCrude Petroleum
Top Product Potential United Kingdom Azerbaijan+$8.06MPackaged Medicaments

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 United Kingdom. This means that a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over United Kingdom. Similarly, a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Azerbaijan.

Product Space of Azerbaijan (Flag) and United Kingdom (Flag) (2023)

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