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2022
Flag → Flag
Exports $363MRnk 20 / 141
2022
Flag → Flag
Top Product $305MCrude Petroleum
2022
Flag → Flag
Exports $198MRnk 38 / 191
2022
Flag → Flag
Top Product $20.2MPoultry Meat
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.5Rnk 44 / 133
2022
Flag  
GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
Flag
 GDP$161BCURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 175 / 186
2022
Flag
GDP PC $7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186
2022
Flag
GDP PC$4,534CURRENT US$
Rnk 115 / 186
2012-2022
Flag
GDP PC GROWTH13.2%CURRENT US$
Rnk 103 / 186

About

Azerbaijan-Ukraine Trade: In 2022, Azerbaijan exported $363M to Ukraine. The main products that Azerbaijan exported to Ukraine were Crude Petroleum ($305M), Refined Petroleum ($8.09M), and Float Glass ($7.99M). Over the past 5 years the exports of Azerbaijan to Ukraine have decreased at an annualized rate of 3.28%, from $429M in 2017 to $363M in 2022.

In 2008, Azerbaijan exported services to Ukraine worth $25.5M, with Travel ($11.3M), Transportation ($11.1M), and Services not allocated ($2.77M) being the largest in terms of value.

Ukraine-Azerbaijan Trade: In 2022, Ukraine exported $198M to Azerbaijan. The main products that Ukraine exported to Azerbaijan were Poultry Meat ($20.2M), Packaged Medicaments ($12.1M), and Other Nuts ($9.16M). Over the past 5 years the exports of Ukraine to Azerbaijan have decreased at an annualized rate of 8.06%,  from $423M in 2017 to $198M in 2022.

In 2022, Ukraine 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, Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Azerbaijan exported $363M to Ukraine. The main products exported from Azerbaijan to Ukraine were Crude Petroleum ($305M), Refined Petroleum ($8.09M), and Float Glass ($7.99M). During the last 5 years the exports of Azerbaijan to Ukraine have decreased at an annualized rate of 3.28%, from $429M in 2017 to $363M in 2022.

In 2017, Ukraine exported $198M to Azerbaijan. The main products exported from Ukraine to Azerbaijan were Poultry Meat ($20.2M), Packaged Medicaments ($12.1M), and Other Nuts ($9.16M). During the last 5 years the exports of Ukraine to Azerbaijan have decreased at an annualized rate of 8.06%, from $423M in 2022 to $198M in 2017.

Exports from Azerbaijan (Flag) to Ukraine (Flag) (2022)

Exports from Ukraine (Flag) to Azerbaijan (Flag) (2022)

Latest Data

Trade between Azerbaijan (Flag) and Ukraine (Flag)

Azerbaijan Exports

Ukraine Exports

Market Competitiveness

Color
Azerbaijan
Top DestinationItaly$18.3B
Ukraine
Top DestinationPoland$6.7B

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

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

In 2022, countries that imported more from Ukraine than Azerbaijan included Poland ($6.7B), Romania ($3.94B), and China ($2.6B).

Difference in imports from Ukraine (Flag) and Azerbaijan (Flag) (2022)

Comparative Advantage Azerbaijan - Ukraine

Flow
Scale

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

During 2022, Azerbaijan had a large net trade with Ukraine in the exports of Mineral Products ($314M), Vegetable Products ($11.2M), and Stone And Glass ($8.19M).

During 2017, Ukraine had a large net trade with Azerbaijan in the exports of Foodstuffs ($41.5M), Animal Products ($38.8M), and Machines ($21.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Azerbaijan Ukraine+$13.9MRefined Petroleum
Top Product Potential Ukraine Azerbaijan+$2.22MHot-Rolled Iron

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

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

Product Space of Azerbaijan (Flag) and Ukraine (Flag) (2022)

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