2023
Flag  
GDP
$71.9BCURRENT US$
Rnk 84 / 195
2013-2023
Flag
GDP GROWTH
-4.86%CURRENT US$
Rnk 175 / 195
2023
Flag
 GDP
$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP GROWTH
-2.43%CURRENT US$
Rnk 173 / 195
2023
Flag
GDP PC 
$7,829CURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP PC GROWTH
-2.11%CURRENT US$
Rnk 156 / 195
2023
Flag
GDP PC
$7,126CURRENT US$
Rnk 103 / 196
2013-2023
Flag
GDP PC GROWTH
-9.52%CURRENT US$
Rnk 168 / 195

About

Belarus-Azerbaijan Trade: In 2023, Belarus exported $325M to Azerbaijan. The main products that Belarus exported to Azerbaijan were Sawn Wood ($97.8M), Refined Petroleum ($22.5M), and Tractors ($20.4M). Over the past 5 years the exports of Belarus to Azerbaijan have increased at an annualized rate of 6.28%, from $239M in 2018 to $325M in 2023.

In 2014, Belarus exported services to Azerbaijan worth $1.75M, with Computer and information services ($1.52M), Royalties and license fees ($143k), and Government services, n.i.e. ($76.2k) being the largest in terms of value.

Azerbaijan-Belarus Trade: In 2023, Azerbaijan exported $31.8M to Belarus. The main products that Azerbaijan exported to Belarus were Propylene Polymers ($5.56M), Insulated Wire ($4.31M), and Tomatoes ($3.25M). Over the past 5 years the exports of Azerbaijan to Belarus have increased at an annualized rate of 6.11%,  from $23.7M in 2018 to $31.8M in 2023.

In 2008, Azerbaijan exported services to Belarus worth $1.4M, with Travel ($962k), Transportation ($333k), and Services not allocated ($98k) being the largest in terms of value.

Comparison: In 2023,  Belarus ranked 33 in the Economic Complexity Index (ECI 0.81), and 114 in total exports ($7.61B). That same year, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belarus exported $325M to Azerbaijan. The main products exported from Belarus to Azerbaijan were Sawn Wood ($97.8M), Refined Petroleum ($22.5M), and Tractors ($20.4M). During the last 5 years the exports of Belarus to Azerbaijan have increased at an annualized rate of 6.28%, from $239M in 2018 to $325M in 2023.

In 2018, Azerbaijan exported $31.8M to Belarus. The main products exported from Azerbaijan to Belarus were Propylene Polymers ($5.56M), Insulated Wire ($4.31M), and Tomatoes ($3.25M). During the last 5 years the exports of Azerbaijan to Belarus have increased at an annualized rate of 6.11%, from $23.7M in 2023 to $31.8M in 2018.

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

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

Latest Data

Trade between Belarus (Flag) and Azerbaijan (Flag)

Belarus Exports

Azerbaijan Exports

Market Competitiveness

Color
Belarus
Top Destination
China$2.6B
Azerbaijan
Top Destination
Italy$11.4B

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

In 2023, countries that imported more from Belarus than Azerbaijan included China ($2.6B), Kazakhstan ($757M), and Brazil ($415M).

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

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

Comparative Advantage Belarus - Azerbaijan

Flow
Scale

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

During 2023, Belarus had a large net trade with Azerbaijan in the exports of Wood Products ($137M), Transportation ($48.7M), and Animal Products ($31.4M).

During 2018, Azerbaijan had a large net trade with Belarus in the exports of Machines ($7.5M), Vegetable Products ($7.31M), and Plastics and Rubbers ($7.16M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belarus Azerbaijan+$384kOther Furniture
Top Product Potential Azerbaijan Belarus+$1.74MRefined Petroleum

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

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

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