Germany (DEU) and Azerbaijan (AZE) Trade | OEC - The Observatory of Economic Complexity

About

Germany-Azerbaijan In 2021, Germany exported $447M to Azerbaijan. The main products that Germany exported to Azerbaijan are Cars ($50.5M), Industrial Furnaces ($47.9M), and Air Pumps ($31.3M). During the last 26 years the exports of Germany to Azerbaijan have increased at an annualized rate of 8.68%, from $51.3M in 1995 to $447M in 2021.

In 2021, Germany did not export any services to Azerbaijan.

Azerbaijan-Germany In 2021, Azerbaijan exported $660M to Germany. The main products that Azerbaijan exported to Germany were Crude Petroleum ($634M), Other Nuts ($17M), and Refined Petroleum ($1.3M). During the last 26 years the exports of Azerbaijan to Germany have increased at an annualized rate of 15.5%, from $15.6M in 1995 to $660M in 2021.

In 2008, Azerbaijan exported services to Germany worth $35.4M, with Services not allocated ($12.8M), Transportation ($10.4M), and Travel ($7.17M) being the largest in terms of value.

Comparison In 2021, Germany ranked 5 in the Economic Complexity Index (ECI 1.81), and 3 in total exports ($1.56T). That same year, Azerbaijan ranked 85 in the Economic Complexity Index (ECI -0.52), and 71 in total exports ($22.8B).

Latest Trends

#

February, 2023

About

#

Overview In February 2023, Germany exported €46.7M and imported €83.1M from Azerbaijan, resulting in a negative trade balance of €36.5M. Between February 2022 and February 2023 the exports of Germany have increased by €19.9M (74.4%) from €26.7M to €46.7M, while imports decreased by €-23M (-21.7%) from €106M to €83.1M.

Trade In February 2023, the top exports of Germany to Azerbaijan were Printed products (€5.48M), Pharmaceutical products (€4.46M), Motor cars and motor caravans (€2.91M), Other machinery (€2.55M), and Mineral oil products (€893k). In February 2023 the top imports of Germany from Azerbaijan were Petroleum oil and petroleum gases (€70.1M), Nuts and dried fruits (€1.95M), Other raw materials inclusive waste (€268k), Returned goods (€116k), and Other textile products (€44k).

Origins In February 2023 the exports of Germany were mainly from Baden-Württemberg (€8.07M), Bavaria (€5.6M), North Rhine-Westphalia (€4.98M), Lower Saxony (€2.32M), and Mecklenburg-Vorpommern (€1.33M), while imports destinations were mainly Baden-Württemberg (€77.5M), Bavaria (€3.65M), North Rhine-Westphalia (€1.13M), Hesse (€406k), and Lower Saxony (€280k).

Growth In February 2023, the increase in Germany's year-by-year exports to Azerbaijan was explained primarily by an increase in product exports in Printed products (€5.48M or 274k%), Pharmaceutical products (€2.02M or 82.5%), and Other machinery (€886k or 53.3%). In February 2023, the decrease in Germany's year-by-year imports from Azerbaijan was explained primarily by an decrease in product imports in [object Object], [object Object], and [object Object].

Latest Trade

#

Flow

Time Scale

Value

EXPORT GROWTH (February 2022 - February 2023): €19.9M, (74.4%)

IMPORT GROWTH (February 2022 - February 2023): €-23M, (-21.7%)

MAIN EXPORTER (February 2023): Baden-Württemberg, €8.07M

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

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

For full datasets download visit Bulk Download page.

Explore Azerbaijan and Germany Data

Go to Bulk Download

Historical Data

#

Bilateral Trade by Products

#

Depth

Value

Year

In 2021, Germany exported $447M to Azerbaijan. The main products exported from Germany to Azerbaijan were Cars ($50.5M), Industrial Furnaces ($47.9M), and Air Pumps ($31.3M). During the last 26 years the exports of Germany to Azerbaijan have increased at an annualized rate of 8.68%, from $51.3M in 1995 to $447M in 2021.

In 2021, Azerbaijan exported $660M to Germany. The main products exported from Azerbaijan to Germany were Crude Petroleum ($634M), Other Nuts ($17M), and Refined Petroleum ($1.3M). During the last 26 years the exports of Azerbaijan to Germany have increased at an annualized rate of 15.5%, from $15.6M in 1995 to $660M in 2021.

Market Competitiveness

#

Color

SectionYear

Germany
Top Destination: United States, $135B

Azerbaijan
Top Destination: Italy, $9.46B

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

In 2021, countries that imported more from Germany than Azerbaijan were United States ($135B), China ($121B), and France ($119B).

In 2021, countries that imported more from Azerbaijan than Germany were Georgia ($663M), Gibraltar ($59.6M), and Bahrain ($5.78k).

Comparative Advantage Germany - Azerbaijan

#

Flow

Scale

Year

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

During 2021, Germany had a large net trade with Azerbaijan in the exports of Machines ($170M), Transportation ($84.3M), and Chemical Products ($72.1M).

During 2021, Azerbaijan had a large net trade with Germany in the exports of Mineral Products ($636M), Vegetable Products ($17.5M), and Machines ($2.34M).

Service Trade

#

Bilateral Service Trade

#

Aze Year

In 2008, Azerbaijan exported services to Germany worth $35.4M, with Services not allocated ($12.8M), Transportation ($10.4M), and Travel ($7.17M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

#

Competitive Landscape

#

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Germany has comparative advantage over Azerbaijan. Similarly, the more yellow a dot/product is, the more Azerbaijan has comparative advantage over Germany.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Germany - Azerbaijan

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

Related Profiles