NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $39.8MRnk 40 / 137
2023
Flag → Flag
Top Product $34MCrude Petroleum
2023
Flag → Flag
Exports $54MRnk 110 / 221
2023
Flag → Flag
Top Product $11.8MPalm Oil
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 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$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH23.6%CURRENT US$
Rnk 130 / 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$11,379CURRENT US$
Rnk 85 / 196
2013-2023
Flag
GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195

About

Azerbaijan-Malaysia Trade: In 2023, Azerbaijan exported $39.8M to Malaysia. The main products that Azerbaijan exported to Malaysia were Crude Petroleum ($34M), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($4.13M), and Other Iron Products ($472k). Over the past 5 years the exports of Azerbaijan to Malaysia have increased at an annualized rate of 119%, from $782k in 2018 to $39.8M in 2023.

In 2023, Azerbaijan did not export any services to Malaysia.

Malaysia-Azerbaijan Trade: In 2023, Malaysia exported $54M to Azerbaijan. The main products that Malaysia exported to Azerbaijan were Palm Oil ($11.8M), Machinery Having Individual Functions ($9.71M), and Chlorides ($3.3M). Over the past 5 years the exports of Malaysia to Azerbaijan have decreased at an annualized rate of 7.08%,  from $77.9M in 2018 to $54M in 2023.

In 2023, Malaysia 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, Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Azerbaijan exported $39.8M to Malaysia. The main products exported from Azerbaijan to Malaysia were Crude Petroleum ($34M), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($4.13M), and Other Iron Products ($472k). During the last 5 years the exports of Azerbaijan to Malaysia have increased at an annualized rate of 119%, from $782k in 2018 to $39.8M in 2023.

In 2018, Malaysia exported $54M to Azerbaijan. The main products exported from Malaysia to Azerbaijan were Palm Oil ($11.8M), Machinery Having Individual Functions ($9.71M), and Chlorides ($3.3M). During the last 5 years the exports of Malaysia to Azerbaijan have decreased at an annualized rate of 7.08%, from $77.9M in 2023 to $54M in 2018.

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

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

Latest Data

Trade between Azerbaijan (Flag) and Malaysia (Flag)

Azerbaijan Exports

Malaysia Exports

Market Competitiveness

Color
Azerbaijan
Top DestinationItaly$11.4B
Malaysia
Top DestinationChina$79.8B

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 2023, countries that imported more from Azerbaijan than Malaysia included Italy ($11.4B), Turkey ($5.85B), and Greece ($1.27B).

In 2023, countries that imported more from Malaysia than Azerbaijan included China ($79.8B), Singapore ($47.3B), and United States ($44.9B).

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

Comparative Advantage Azerbaijan - Malaysia

Flow
Scale

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

During 2023, Azerbaijan had a large net trade with Malaysia in the exports of Mineral Products ($34M), Chemical Products ($4.13M), and Foodstuffs ($638k).

During 2018, Malaysia had a large net trade with Azerbaijan in the exports of Machines ($23.9M), Animal and Vegetable Bi-Products ($13.4M), and Chemical Products ($6.85M).

Potential Exports

Potential Exports

Depth
View
Sort By
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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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.

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms