Azerbaijan (AZE) and Malaysia (MYS) Trade | The Observatory of Economic Complexity

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Azerbaijan-Malaysia Trade: In 2022, Azerbaijan exported $38.9M to Malaysia. The main products that Azerbaijan exported to Malaysia were Crude Petroleum ($33.1M), Gas Turbines ($5M), and Chocolate ($236k). Over the past 5 years the exports of Azerbaijan to Malaysia have increased at an annualized rate of 53.7%, from $4.54M in 2017 to $38.9M in 2022.

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

Malaysia-Azerbaijan Trade: In 2022, Malaysia exported $46.7M to Azerbaijan. The main products that Malaysia exported to Azerbaijan were Palm Oil ($20.7M), Rubber Apparel ($2.28M), and Chlorides ($2.26M). Over the past 5 years the exports of Malaysia to Azerbaijan have increased at an annualized rate of 8.86%, from $30.5M in 2017 to $46.7M in 2022.

In 2022, Malaysia 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, Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Azerbaijan exported $38.9M to Malaysia. The main products exported from Azerbaijan to Malaysia were Crude Petroleum ($33.1M), Gas Turbines ($5M), and Chocolate ($236k). During the last 5 years the exports of Azerbaijan to Malaysia have increased at an annualized rate of 53.7%, from $4.54M in 2017 to $38.9M in 2022.

In 2017, Malaysia exported $46.7M to Azerbaijan. The main products exported from Malaysia to Azerbaijan were Palm Oil ($20.7M), Rubber Apparel ($2.28M), and Chlorides ($2.26M). During the last 5 years the exports of Malaysia to Azerbaijan have increased at an annualized rate of 8.86%, from $30.5M in 2022 to $46.7M in 2017.

Exports from Azerbaijan () to Malaysia () (2022)

Exports from Malaysia () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Malaysia ()

Azerbaijan Exports

Date

Malaysia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$18.3B

Malaysia
Top DestinationSingapore$53.8B

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

In 2022, countries that imported more from Azerbaijan than Malaysia included Italy ($18.3B), Israel ($1.68B), and Greece ($1.51B).

In 2022, countries that imported more from Malaysia than Azerbaijan included Singapore ($53.8B), China ($48.5B), and United States ($44.2B).

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

Comparative Advantage Azerbaijan - Malaysia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Azerbaijan had a large net trade with Malaysia in the exports of Mineral Products ($33.1M), Machines ($5.26M), and Foodstuffs ($448k).

During 2017, Malaysia had a large net trade with Azerbaijan in the exports of Animal and Vegetable Bi-Products ($22.8M), Machines ($10.3M), and Chemical Products ($5.07M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Azerbaijan Malaysia+$50.3MCrude Petroleum

Top Product Potential Malaysia Azerbaijan+$4.92MPalm Oil

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Malaysia () (2022)

Exports from Malaysia () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Malaysia ()

Azerbaijan Exports

Malaysia Exports

Market Competitiveness

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

Comparative Advantage Azerbaijan - Malaysia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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