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

About

Georgia-Azerbaijan In 2021, Georgia exported $528M to Azerbaijan. The main products that Georgia exported to Azerbaijan are Cars ($248M), Processed Tobacco ($23.2M), and Broadcasting Equipment ($18.5M). During the last 25 years the exports of Georgia to Azerbaijan have increased at an annualized rate of 12.2%, from $29.9M in 1996 to $528M in 2021.

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

Azerbaijan-Georgia In 2021, Azerbaijan exported $663M to Georgia. The main products that Azerbaijan exported to Georgia were Petroleum Gas ($337M), Refined Petroleum ($124M), and Electricity ($30.8M). During the last 25 years the exports of Azerbaijan to Georgia have increased at an annualized rate of 8.29%, from $90.5M in 1996 to $663M in 2021.

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 2021, Georgia ranked 64 in the Economic Complexity Index (ECI -0.0097), and 120 in total exports ($5.02B). That same year, Azerbaijan ranked 85 in the Economic Complexity Index (ECI -0.52), and 71 in total exports ($22.8B).

Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2021, Georgia exported $528M to Azerbaijan. The main products exported from Georgia to Azerbaijan were Cars ($248M), Processed Tobacco ($23.2M), and Broadcasting Equipment ($18.5M). During the last 25 years the exports of Georgia to Azerbaijan have increased at an annualized rate of 12.2%, from $29.9M in 1996 to $528M in 2021.

In 2021, Azerbaijan exported $663M to Georgia. The main products exported from Azerbaijan to Georgia were Petroleum Gas ($337M), Refined Petroleum ($124M), and Electricity ($30.8M). During the last 25 years the exports of Azerbaijan to Georgia have increased at an annualized rate of 8.29%, from $90.5M in 1996 to $663M in 2021.

Latest Data

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Georgia Exports

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Date

Azerbaijan Exports

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Date

Market Competitiveness

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Color

SectionYear

Georgia
Top Destination: China, $632M

Azerbaijan
Top Destination: Italy, $9.46B

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 China ($632M), Armenia ($255M), and Bulgaria ($306M).

In 2021, countries that imported more from Azerbaijan than Georgia were Italy ($9.46B), Turkey ($2.83B), and Israel ($898M).

Comparative Advantage Georgia - Azerbaijan

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Flow

Scale

Year

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

During 2021, Georgia had a large net trade with Azerbaijan in the exports of Transportation ($268M), Foodstuffs ($60.2M), and Chemical Products ($39.2M).

During 2021, Azerbaijan had a large net trade with Georgia in the exports of Mineral Products ($559M), Metals ($38.3M), and Animal and Vegetable Bi-Products ($13M).

Service Trade

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Bilateral Service Trade

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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.

Economic Complexity

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Competitive Landscape

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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

Latest Data

Georgia Exports

Azerbaijan Exports

Market Competitiveness

Comparative Advantage Georgia - Azerbaijan

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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