Georgia (GEO) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Georgia-Azerbaijan In 2022, Georgia exported $668M to Azerbaijan. The main products that Georgia exported to Azerbaijan are Cars ($309M), Processed Tobacco ($25.8M), and Bovine ($23M). During the last 26 years the exports of Georgia to Azerbaijan have increased at an annualized rate of 12.7%, from $30M in 1996 to $668M in 2022.

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

Azerbaijan-Georgia In 2022, Azerbaijan exported $645M to Georgia. The main products that Azerbaijan exported to Georgia were Petroleum Gas ($349M), Raw Iron Bars ($49.3M), and Refined Petroleum ($44.3M). During the last 26 years the exports of Azerbaijan to Georgia have increased at an annualized rate of 7.85%, from $90.3M in 1996 to $645M in 2022.

In 2008, Azerbaijan exported services to Georgia worth $29.7M, with Transportation ($13.1M), Construction services ($10M), and Services not allocated ($5.69M) being the largest in terms of value.

Comparison In 2022, Georgia ranked 62 in the Economic Complexity Index (ECI 0.027), and 118 in total exports ($6.82B). That same year, Azerbaijan ranked 82 in the Economic Complexity Index (ECI -0.47), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Georgia exported $668M to Azerbaijan. The main products exported from Georgia to Azerbaijan were Cars ($309M), Processed Tobacco ($25.8M), and Bovine ($23M). During the last 26 years the exports of Georgia to Azerbaijan have increased at an annualized rate of 12.7%, from $30M in 1996 to $668M in 2022.

In 2022, Azerbaijan exported $645M to Georgia. The main products exported from Azerbaijan to Georgia were Petroleum Gas ($349M), Raw Iron Bars ($49.3M), and Refined Petroleum ($44.3M). During the last 26 years the exports of Azerbaijan to Georgia have increased at an annualized rate of 7.85%, from $90.3M in 1996 to $645M in 2022.

Exports from Georgia () to Azerbaijan () (2022)

Exports from Azerbaijan () to Georgia () (2022)

Latest Data

Trade between Georgia () and Azerbaijan ()

Georgia Exports

Date

Azerbaijan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationChina$759M

Azerbaijan
Top DestinationItaly$18.3B

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

In 2021, countries that imported more from Georgia than Azerbaijan were Armenia ($571M), China ($759M), and United States ($327M).

In 2021, countries that imported more from Azerbaijan than Georgia were Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

Difference in imports from Azerbaijan () and Georgia () (2022)

Comparative Advantage Georgia - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Georgia had a large net trade with Azerbaijan in the exports of Transportation ($330M), Foodstuffs ($80.2M), and Animal Products ($51.9M).

During 2022, Azerbaijan had a large net trade with Georgia in the exports of Mineral Products ($489M), Metals ($56.5M), and Foodstuffs ($25.4M).

Service Trade

Bilateral Service Trade

Aze Year

In 2008, Azerbaijan exported services to Georgia worth $29.7M, with Transportation ($13.1M), Construction services ($10M), and Services not allocated ($5.69M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Azerbaijan () to Georgia () (2008)

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 Georgia has comparative advantage over Azerbaijan. Similarly, the more yellow a dot/product is, the more Azerbaijan has comparative advantage over Georgia.

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Azerbaijan () (2022)

Exports from Azerbaijan () to Georgia () (2022)

Latest Data

Trade between Georgia () and Azerbaijan ()

Georgia Exports

Azerbaijan Exports

Market Competitiveness

Difference in imports from Azerbaijan () and Georgia () (2022)

Comparative Advantage Georgia - Azerbaijan

Service Trade

Bilateral Service Trade

Services Exports from Azerbaijan () to Georgia () (2008)

Economic Complexity

Competitive Landscape

Product Space of Georgia () and Azerbaijan () (2022)

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