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2022
Flag → Flag
Exports $10MRnk 151 / 215
2022
Flag → Flag
Top Product $1.59MCars
2022
Flag → Flag
Exports $18.5MRnk 50 / 141
2022
Flag → Flag
Top Product $17.1MRaw Aluminium
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
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GDP GROWTH17%CURRENT US$
Rnk 129 / 186
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 PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186

About

Canada-Azerbaijan Trade: In 2022, Canada exported $10M to Azerbaijan. The main products that Canada exported to Azerbaijan were Cars ($1.59M), Packaged Medicaments ($1.42M), and Refined Petroleum ($713k). Over the past 5 years the exports of Canada to Azerbaijan have decreased at an annualized rate of 7.6%, from $14.8M in 2017 to $10M in 2022.

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

Azerbaijan-Canada Trade: In 2022, Azerbaijan exported $18.5M to Canada. The main products that Azerbaijan exported to Canada were Raw Aluminium ($17.1M), Fruit Juice ($374k), and Aluminium Plating ($260k). Over the past 5 years the exports of Azerbaijan to Canada have decreased at an annualized rate of 23.6%,  from $617M in 2017 to $18.5M in 2022.

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

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Latest Trends

August, 2024

About

Overview In August 2024, Canada exported C$386k and imported C$1.16M from Azerbaijan, resulting in a negative trade balance of C$776k. Between August 2023 and August 2024 the exports of Canada have decreased by C$-266k (-40.8%) from C$652k to C$386k, while imports increased by C$1M (626%) from C$160k to C$1.16M.

Trade In August 2024, the top exports of Canada to Azerbaijan were Broadcasting Equipment (C$81k), Chemical Analysis Instruments (C$73.7k), Medical Instruments (C$22.1k), Broadcasting Accessories (C$9.19k), and Other Plastic Products (C$7.41k). In August 2024 the top imports of Canada from Azerbaijan were Fruit Juice (C$51.8k), Cabbages (C$36.1k), Other Heating Machinery (C$17.6k), Lettuce (C$16.9k), and Centrifuges (C$3.85k).

Origins In August 2024 the exports of Canada were mainly from Ontario (C$261k), British Columbia (C$70.4k), New Brunswick (C$28.2k), Quebec (C$17.4k), and Nova Scotia (C$8.81k), while imports destinations were mainly Quebec (C$902k), Ontario (C$184k), British Columbia (C$75k), and Manitoba (C$193).

Growth In August 2024, the decrease in Canada's year-by-year exports to Azerbaijan was explained primarily by an decrease in product exports in . In August 2024, the increase in Canada's year-by-year imports  from Azerbaijan was explained primarily by an increase in product imports  in Fruit Juice (C$28.6k or 123%) and Centrifuges (C$3.21k or 505%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)C$-266k(-40.8%)
IMPORT GROWTH (August 2023 - August 2024)C$1M(626%)
MAIN EXPORTER (August 2024)OntarioC$261k

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Azerbaijan and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Azerbaijan and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $10M to Azerbaijan. The main products exported from Canada to Azerbaijan were Cars ($1.59M), Packaged Medicaments ($1.42M), and Refined Petroleum ($713k). During the last 5 years the exports of Canada to Azerbaijan have decreased at an annualized rate of 7.6%, from $14.8M in 2017 to $10M in 2022.

In 2017, Azerbaijan exported $18.5M to Canada. The main products exported from Azerbaijan to Canada were Raw Aluminium ($17.1M), Fruit Juice ($374k), and Aluminium Plating ($260k). During the last 5 years the exports of Azerbaijan to Canada have decreased at an annualized rate of 23.6%, from $617M in 2022 to $18.5M in 2017.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Azerbaijan
Top DestinationItaly$18.3B

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

In 2022, countries that imported more from Canada than Azerbaijan included United States ($438B), China ($25.4B), and Japan ($14.3B).

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

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

Comparative Advantage Canada - Azerbaijan

Flow
Scale

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

During 2022, Canada had a large net trade with Azerbaijan in the exports of Machines ($1.93M), Transportation ($1.69M), and Chemical Products ($1.63M).

During 2017, Azerbaijan had a large net trade with Canada in the exports of Metals ($17.3M), Foodstuffs ($451k), and Animal Products ($225k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Azerbaijan+$4.43MCars
Top Product Potential Azerbaijan Canada+$732kAluminium Plating

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

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

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