2023
Flag  
GDP
$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP GROWTH
-2.43%CURRENT US$
Rnk 173 / 195
2023
Flag
 GDP
$102BCURRENT US$
Rnk 70 / 195
2013-2023
Flag
GDP GROWTH
38.8%CURRENT US$
Rnk 95 / 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
$2,850CURRENT US$
Rnk 144 / 196
2013-2023
Flag
GDP PC GROWTH
15.7%CURRENT US$
Rnk 116 / 195

About

Azerbaijan-Uzbekistan Trade: In 2023, Azerbaijan exported $100M to Uzbekistan. The main products that Azerbaijan exported to Uzbekistan were Planes, Helicopters, and/or Spacecraft ($44.9M), Copper Ore ($17.8M), and Raw Aluminium ($10.5M). Over the past 5 years the exports of Azerbaijan to Uzbekistan have increased at an annualized rate of 59.5%, from $9.7M in 2018 to $100M in 2023.

In 2008, Azerbaijan exported services to Uzbekistan worth $4.15M, with Transportation ($2.18M), Travel ($1.82M), and Services not allocated ($157k) being the largest in terms of value.

Uzbekistan-Azerbaijan Trade: In 2023, Uzbekistan exported $147M to Azerbaijan. The main products that Uzbekistan exported to Azerbaijan were Light Rubberized Knitted Fabric ($19.2M), Copper Wire ($12.6M), and Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) ($12.6M). Over the past 5 years the exports of Uzbekistan to Azerbaijan have increased at an annualized rate of 14.8%,  from $32M in 2018 to $147M in 2023.

In 2023, Uzbekistan 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, Uzbekistan ranked 74 in the Economic Complexity Index (ECI -0.22), and 72 in total exports ($24.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Azerbaijan exported $100M to Uzbekistan. The main products exported from Azerbaijan to Uzbekistan were Planes, Helicopters, and/or Spacecraft ($44.9M), Copper Ore ($17.8M), and Raw Aluminium ($10.5M). During the last 5 years the exports of Azerbaijan to Uzbekistan have increased at an annualized rate of 59.5%, from $9.7M in 2018 to $100M in 2023.

In 2018, Uzbekistan exported $147M to Azerbaijan. The main products exported from Uzbekistan to Azerbaijan were Light Rubberized Knitted Fabric ($19.2M), Copper Wire ($12.6M), and Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) ($12.6M). During the last 5 years the exports of Uzbekistan to Azerbaijan have increased at an annualized rate of 14.8%, from $32M in 2023 to $147M in 2018.

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

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

Latest Data

Trade between Azerbaijan (Flag) and Uzbekistan (Flag)

Azerbaijan Exports

Uzbekistan Exports

Market Competitiveness

Color
Azerbaijan
Top Destination
Italy$11.4B
Uzbekistan
Top Destination
Switzerland$8.18B

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

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

In 2023, countries that imported more from Uzbekistan than Azerbaijan included Switzerland ($8.18B), United Kingdom ($2.65B), and Russia ($3.02B).

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

Comparative Advantage Azerbaijan - Uzbekistan

Flow
Scale

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

During 2023, Azerbaijan had a large net trade with Uzbekistan in the exports of Transportation ($46.9M), Mineral Products ($20.8M), and Metals ($12.7M).

During 2018, Uzbekistan had a large net trade with Azerbaijan in the exports of Textiles ($42M), Machines ($27.8M), and Metals ($22.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Azerbaijan Uzbekistan+$1.36MRefined Petroleum
Top Product Potential Uzbekistan Azerbaijan+$489kCars

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

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

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