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

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Azerbaijan-Sweden Trade: In 2023, Azerbaijan exported $1.75M to Sweden. The main products that Azerbaijan exported to Sweden were Packing Bags ($1.34M), Stearic Acid ($174k), and Gas Turbines ($173k). Over the past 5 years the exports of Azerbaijan to Sweden have increased at an annualized rate of 13.8%, from $915k in 2018 to $1.75M in 2023.

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

Sweden-Azerbaijan Trade: In 2023, Sweden exported $60.9M to Azerbaijan. The main products that Sweden exported to Azerbaijan were Tractors ($13.2M), Fishing Ships ($11.7M), and Cars ($4.58M). Over the past 5 years the exports of Sweden to Azerbaijan have increased at an annualized rate of 14.3%, from $31.2M in 2018 to $60.9M in 2023.

In 2023, Sweden 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Azerbaijan exported $1.75M to Sweden. The main products exported from Azerbaijan to Sweden were Packing Bags ($1.34M), Stearic Acid ($174k), and Gas Turbines ($173k). During the last 5 years the exports of Azerbaijan to Sweden have increased at an annualized rate of 13.8%, from $915k in 2018 to $1.75M in 2023.

In 2018, Sweden exported $60.9M to Azerbaijan. The main products exported from Sweden to Azerbaijan were Tractors ($13.2M), Fishing Ships ($11.7M), and Cars ($4.58M). During the last 5 years the exports of Sweden to Azerbaijan have increased at an annualized rate of 14.3%, from $31.2M in 2023 to $60.9M in 2018.

Exports from Azerbaijan () to Sweden () (2023)

Exports from Sweden () to Azerbaijan () (2023)

Latest Data

Trade between Azerbaijan () and Sweden ()

Azerbaijan Exports

Date

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$11.4B

Sweden
Top DestinationGermany$18.4B

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

In 2023, countries that imported more from Sweden than Azerbaijan included United States ($18.1B), Germany ($18.4B), and Denmark ($14.4B).

Difference in imports from Sweden () and Azerbaijan () (2023)

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 2023, Azerbaijan had a large net trade with Sweden in the exports of Textiles ($1.35M), Machines ($200k), and Animal and Vegetable Bi-Products ($174k).

During 2018, Sweden had a large net trade with Azerbaijan in the exports of Transportation ($31.7M), Machines ($14M), and Metals ($5.56M).

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 () (2023)

Exports from Sweden () to Azerbaijan () (2023)

Latest Data

Trade between Azerbaijan () and Sweden ()

Azerbaijan Exports

Sweden Exports

Market Competitiveness

Difference in imports from Sweden () and Azerbaijan () (2023)

Comparative Advantage Azerbaijan - Sweden

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Azerbaijan () and Sweden () (2023)

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