Azerbaijan (AZE) and Sweden (SWE) Trade | The Observatory of Economic Complexity

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Azerbaijan-Sweden Trade: In 2022, Azerbaijan exported $19M to Sweden. The main products that Azerbaijan exported to Sweden were Raw Aluminium ($16.2M), Packing Bags ($2.62M), and Plastic Pipes ($89.2k). Over the past 5 years the exports of Azerbaijan to Sweden have increased at an annualized rate of 82.3%, from $942k in 2017 to $19M in 2022.

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

Sweden-Azerbaijan Trade: In 2022, Sweden exported $44.2M to Azerbaijan. The main products that Sweden exported to Azerbaijan were Tractors ($11.3M), Broadcasting Equipment ($7.56M), and Cars ($2.64M). Over the past 5 years the exports of Sweden to Azerbaijan have increased at an annualized rate of 6.61%, from $32.1M in 2017 to $44.2M in 2022.

In 2022, Sweden 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Azerbaijan exported $19M to Sweden. The main products exported from Azerbaijan to Sweden were Raw Aluminium ($16.2M), Packing Bags ($2.62M), and Plastic Pipes ($89.2k). During the last 5 years the exports of Azerbaijan to Sweden have increased at an annualized rate of 82.3%, from $942k in 2017 to $19M in 2022.

In 2017, Sweden exported $44.2M to Azerbaijan. The main products exported from Sweden to Azerbaijan were Tractors ($11.3M), Broadcasting Equipment ($7.56M), and Cars ($2.64M). During the last 5 years the exports of Sweden to Azerbaijan have increased at an annualized rate of 6.61%, from $32.1M in 2022 to $44.2M in 2017.

Exports from Azerbaijan () to Sweden () (2022)

Exports from Sweden () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Sweden ()

Azerbaijan Exports

Date

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$18.3B

Sweden
Top DestinationGermany$19.2B

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

In 2022, countries that imported more from Azerbaijan than Sweden included Italy ($18.3B), Turkey ($3.57B), and Greece ($1.51B).

In 2022, countries that imported more from Sweden than Azerbaijan included Norway ($18.7B), Germany ($19.2B), and United States ($17.8B).

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

Comparative Advantage Azerbaijan - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Azerbaijan had a large net trade with Sweden in the exports of Metals ($16.2M), Textiles ($2.63M), and Plastics and Rubbers ($89.7k).

During 2017, Sweden had a large net trade with Azerbaijan in the exports of Machines ($16.8M), Transportation ($14.9M), and Metals ($4.17M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Azerbaijan Sweden+$264kRefined Petroleum

Top Product Potential Sweden Azerbaijan+$5.2MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Sweden () (2022)

Exports from Sweden () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Sweden ()

Azerbaijan Exports

Sweden Exports

Market Competitiveness

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

Comparative Advantage Azerbaijan - Sweden

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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