Azerbaijan (AZE) and New Zealand (NZL) Trade | The Observatory of Economic Complexity

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Azerbaijan-New Zealand Trade: In 2023, Azerbaijan exported $84.9k to New Zealand. The main products that Azerbaijan exported to New Zealand were Fruit Juice ($55.5k), Other Heating Machinery ($23.6k), and Motor vehicles; parts and accessories (8701 to 8705) ($1k). Over the past 5 years the exports of Azerbaijan to New Zealand have decreased at an annualized rate of 3.6%, from $102k in 2018 to $84.9k in 2023.

In 2023, Azerbaijan did not export any services to New Zealand.

New Zealand-Azerbaijan Trade: In 2023, New Zealand exported $36M to Azerbaijan. The main products that New Zealand exported to Azerbaijan were Butter ($32.7M), Non-fillet Frozen Fish ($759k), and Other Floating Structures ($679k). Over the past 5 years the exports of New Zealand to Azerbaijan have decreased at an annualized rate of 0.82%, from $37.5M in 2018 to $36M in 2023.

In 2023, New Zealand 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, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Azerbaijan exported $84.9k to New Zealand. The main products exported from Azerbaijan to New Zealand were Fruit Juice ($55.5k), Other Heating Machinery ($23.6k), and Motor vehicles; parts and accessories (8701 to 8705) ($1k). During the last 5 years the exports of Azerbaijan to New Zealand have decreased at an annualized rate of 3.6%, from $102k in 2018 to $84.9k in 2023.

In 2018, New Zealand exported $36M to Azerbaijan. The main products exported from New Zealand to Azerbaijan were Butter ($32.7M), Non-fillet Frozen Fish ($759k), and Other Floating Structures ($679k). During the last 5 years the exports of New Zealand to Azerbaijan have decreased at an annualized rate of 0.82%, from $37.5M in 2023 to $36M in 2018.

Exports from Azerbaijan () to New Zealand () (2023)

Exports from New Zealand () to Azerbaijan () (2023)

Latest Data

Trade between Azerbaijan () and New Zealand ()

Azerbaijan Exports

Date

New Zealand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$11.4B

New Zealand
Top DestinationChina$12.3B

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

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

In 2023, countries that imported more from New Zealand than Azerbaijan included China ($12.3B), United States ($5.42B), and Australia ($5.2B).

Difference in imports from New Zealand () and Azerbaijan () (2023)

Comparative Advantage Azerbaijan - New Zealand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Azerbaijan had a large net trade with New Zealand in the exports of Foodstuffs ($55.5k), Machines ($24.9k), and Transportation ($1.2k).

During 2018, New Zealand had a large net trade with Azerbaijan in the exports of Animal Products ($33.5M), Transportation ($734k), and Foodstuffs ($696k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Azerbaijan New Zealand+$56.2kFruit Juice

Top Product Potential New Zealand Azerbaijan+$420kMalt Extract

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 New Zealand. This means that a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over New Zealand. Similarly, a dot/product with the flag of New Zealand indicates it has a comparative advantage over Azerbaijan.

About

Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to New Zealand () (2023)

Exports from New Zealand () to Azerbaijan () (2023)

Latest Data

Trade between Azerbaijan () and New Zealand ()

Azerbaijan Exports

New Zealand Exports

Market Competitiveness

Difference in imports from New Zealand () and Azerbaijan () (2023)

Comparative Advantage Azerbaijan - New Zealand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Azerbaijan () and New Zealand () (2023)

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