Azerbaijan (AZE) and India (IND) Trade | The Observatory of Economic Complexity

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Azerbaijan-India In 2022, Azerbaijan exported $1.64B to India. The main products that Azerbaijan exported to India are Crude Petroleum ($1.6B), Nitrogenous Fertilizers ($28.8M), and Petroleum Coke ($6.55M). During the last 27 years the exports of Azerbaijan to India have increased at an annualized rate of 45.6%, from $64.1k in 1995 to $1.64B in 2022.

In 2008, Azerbaijan exported services to India worth $1.08M, with Travel ($1.08M) being the largest in terms of value.

India-Azerbaijan In 2022, India exported $141M to Azerbaijan. The main products that India exported to Azerbaijan were Packaged Medicaments ($22.4M), Broadcasting Equipment ($19.3M), and Processed Tobacco ($18.9M). During the last 27 years the exports of India to Azerbaijan have increased at an annualized rate of 26.4%, from $252k in 1995 to $141M in 2022.

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

Comparison In 2022, Azerbaijan ranked 82 in the Economic Complexity Index (ECI -0.47), and 65 in total exports ($38.9B). That same year, India ranked 42 in the Economic Complexity Index (ECI 0.57), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Azerbaijan exported $1.64B to India. The main products exported from Azerbaijan to India were Crude Petroleum ($1.6B), Nitrogenous Fertilizers ($28.8M), and Petroleum Coke ($6.55M). During the last 27 years the exports of Azerbaijan to India have increased at an annualized rate of 45.6%, from $64.1k in 1995 to $1.64B in 2022.

In 2022, India exported $141M to Azerbaijan. The main products exported from India to Azerbaijan were Packaged Medicaments ($22.4M), Broadcasting Equipment ($19.3M), and Processed Tobacco ($18.9M). During the last 27 years the exports of India to Azerbaijan have increased at an annualized rate of 26.4%, from $252k in 1995 to $141M in 2022.

Exports from Azerbaijan () to India () (2022)

Exports from India () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and India ()

Azerbaijan Exports

Date

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$18.3B

India
Top DestinationUnited States$82.9B

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

In 2021, countries that imported more from Azerbaijan than India were Italy ($18.3B), Croatia ($990M), and Greece ($1.51B).

In 2021, countries that imported more from India than Azerbaijan were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

Comparative Advantage Azerbaijan - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Azerbaijan had a large net trade with India in the exports of Mineral Products ($1.61B), Chemical Products ($29.9M), and Animal Hides ($740k).

During 2022, India had a large net trade with Azerbaijan in the exports of Machines ($38.5M), Chemical Products ($35.4M), and Foodstuffs ($22.3M).

Service Trade

Bilateral Service Trade

Aze Year

In 2008, Azerbaijan exported services to India worth $1.08M, with Travel ($1.08M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Azerbaijan () to India () (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 Azerbaijan has comparative advantage over India. Similarly, the more yellow a dot/product is, the more India has comparative advantage over Azerbaijan.

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Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to India () (2022)

Exports from India () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and India ()

Azerbaijan Exports

India Exports

Market Competitiveness

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

Comparative Advantage Azerbaijan - India

Service Trade

Bilateral Service Trade

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

Economic Complexity

Competitive Landscape

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

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