Azerbaijan (AZE) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Azerbaijan-Italy In 2022, Azerbaijan exported $18.3B to Italy. The main products that Azerbaijan exported to Italy are Petroleum Gas ($11.4B), Crude Petroleum ($6.72B), and Refined Petroleum ($37.5M). During the last 27 years the exports of Azerbaijan to Italy have increased at an annualized rate of 29.2%, from $18.2M in 1995 to $18.3B in 2022.

In 2008, Azerbaijan exported services to Italy worth $11.1M, with Transportation ($6.11M), Services not allocated ($4M), and Travel ($973k) being the largest in terms of value.

Italy-Azerbaijan In 2022, Italy exported $336M to Azerbaijan. The main products that Italy exported to Azerbaijan were Railway Maintenance Vehicles ($14.1M), Cars ($13.9M), and Iron Pipes ($13.6M). During the last 27 years the exports of Italy to Azerbaijan have increased at an annualized rate of 12.9%, from $12.7M in 1995 to $336M in 2022.

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

Comparison In 2022, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B). That same year, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Azerbaijan exported $18.3B to Italy. The main products exported from Azerbaijan to Italy were Petroleum Gas ($11.4B), Crude Petroleum ($6.72B), and Refined Petroleum ($37.5M). During the last 27 years the exports of Azerbaijan to Italy have increased at an annualized rate of 29.2%, from $18.2M in 1995 to $18.3B in 2022.

In 2022, Italy exported $336M to Azerbaijan. The main products exported from Italy to Azerbaijan were Railway Maintenance Vehicles ($14.1M), Cars ($13.9M), and Iron Pipes ($13.6M). During the last 27 years the exports of Italy to Azerbaijan have increased at an annualized rate of 12.9%, from $12.7M in 1995 to $336M in 2022.

Exports from Azerbaijan () to Italy () (2022)

Exports from Italy () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Italy ()

Azerbaijan Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$18.3B

Italy
Top DestinationGermany$78.5B

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

In 2021, countries that imported more from Azerbaijan than Italy were Georgia ($645M).

In 2021, countries that imported more from Italy than Azerbaijan were Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

Comparative Advantage Azerbaijan - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Azerbaijan had a large net trade with Italy in the exports of Mineral Products ($18.2B), Vegetable Products ($28.9M), and Chemical Products ($14M).

During 2022, Italy had a large net trade with Azerbaijan in the exports of Machines ($112M), Transportation ($36M), and Chemical Products ($31.7M).

Service Trade

Bilateral Service Trade

Aze Year

In 2008, Azerbaijan exported services to Italy worth $11.1M, with Transportation ($6.11M), Services not allocated ($4M), and Travel ($973k) being the largest in terms of value.

Service trade data is presented based on availability.

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

About

Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Italy () (2022)

Exports from Italy () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Italy ()

Azerbaijan Exports

Italy Exports

Market Competitiveness

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

Comparative Advantage Azerbaijan - Italy

Service Trade

Bilateral Service Trade

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

Economic Complexity

Competitive Landscape

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

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