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2023
Flag → Flag
Exports $36.6MRnk 42 / 137
2023
Flag → Flag
Top Product $36.4MRefined Petroleum
2023
Flag → Flag
Exports $13.9MRnk 60 / 191
2023
Flag → Flag
Top Product $8.49MAircraft parts (gliders, balloons, and powered aircraft)
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
Flag  
GDP$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP GROWTH-2.43%CURRENT US$
Rnk 173 / 195
2023
Flag
 GDP$85.8BCURRENT US$
Rnk 72 / 195
2013-2023
Flag
GDP GROWTH31.5%CURRENT US$
Rnk 111 / 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$128,678CURRENT US$
Rnk 2 / 196
2013-2023
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GDP PC GROWTH7.23%CURRENT US$
Rnk 143 / 195

About

Azerbaijan-Luxembourg Trade: In 2023, Azerbaijan exported $36.6M to Luxembourg. The main products that Azerbaijan exported to Luxembourg were Refined Petroleum ($36.4M), Excavation Machinery ($41k), and Liquid Dispersing Machines ($17.5k). Over the past 5 years the exports of Azerbaijan to Luxembourg have decreased at an annualized rate of 3.51%, from $43.8M in 2018 to $36.6M in 2023.

In 2008, Azerbaijan exported services to Luxembourg worth $119M, with Transportation ($118M) and Services not allocated ($1.3M) being the largest in terms of value.

Luxembourg-Azerbaijan Trade: In 2023, Luxembourg exported $13.9M to Azerbaijan. The main products that Luxembourg exported to Azerbaijan were Aircraft parts (gliders, balloons, and powered aircraft) ($8.49M), Cheese ($404k), and Non-fillet Frozen Fish ($365k). Over the past 5 years the exports of Luxembourg to Azerbaijan have decreased at an annualized rate of 2.6%,  from $15.9M in 2018 to $13.9M in 2023.

In 2023, Luxembourg 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, Luxembourg ranked 82 in total exports ($18.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Azerbaijan exported $36.6M to Luxembourg. The main products exported from Azerbaijan to Luxembourg were Refined Petroleum ($36.4M), Excavation Machinery ($41k), and Liquid Dispersing Machines ($17.5k). During the last 5 years the exports of Azerbaijan to Luxembourg have decreased at an annualized rate of 3.51%, from $43.8M in 2018 to $36.6M in 2023.

In 2018, Luxembourg exported $13.9M to Azerbaijan. The main products exported from Luxembourg to Azerbaijan were Aircraft parts (gliders, balloons, and powered aircraft) ($8.49M), Cheese ($404k), and Non-fillet Frozen Fish ($365k). During the last 5 years the exports of Luxembourg to Azerbaijan have decreased at an annualized rate of 2.6%, from $15.9M in 2023 to $13.9M in 2018.

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

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

Latest Data

Trade between Azerbaijan (Flag) and Luxembourg (Flag)

Azerbaijan Exports

Luxembourg Exports

Market Competitiveness

Color
Azerbaijan
Top DestinationItaly$11.4B
Luxembourg
Top DestinationGermany$3.42B

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

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

In 2023, countries that imported more from Luxembourg than Azerbaijan included France ($2.8B), Germany ($3.42B), and Belgium ($1.59B).

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

Comparative Advantage Azerbaijan - Luxembourg

Flow
Scale

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

During 2023, Azerbaijan had a large net trade with Luxembourg in the exports of Mineral Products ($36.4M), Machines ($151k), and Metals ($21.7k).

During 2018, Luxembourg had a large net trade with Azerbaijan in the exports of Transportation ($8.76M), Animal Products ($1.78M), and Foodstuffs ($945k).

Economic Complexity

Competitive Landscape

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

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

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