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2023
Flag → Flag
Exports $219MRnk 121 / 220
2023
Flag → Flag
Top Product $42.3MRice
2023
Flag → Flag
Exports $955MRnk 7 / 137
2023
Flag → Flag
Top Product $944MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
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Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
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GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
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 GDP$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
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GDP GROWTH-2.43%CURRENT US$
Rnk 173 / 195
2023
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GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
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GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
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GDP PC$7,126CURRENT US$
Rnk 103 / 196
2013-2023
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GDP PC GROWTH-9.52%CURRENT US$
Rnk 168 / 195

About

India-Azerbaijan Trade: In 2023, India exported $219M to Azerbaijan. The main products that India exported to Azerbaijan were Rice ($42.3M), Processed Tobacco ($26.4M), and Broadcasting Equipment ($19.9M). Over the past 5 years the exports of India to Azerbaijan have increased at an annualized rate of 16.6%, from $101M in 2018 to $219M in 2023.

In 2023, India did not export any services to Azerbaijan.

Azerbaijan-India Trade: In 2023, Azerbaijan exported $955M to India. The main products that Azerbaijan exported to India were Crude Petroleum ($944M), Halogens ($5.27M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($3.39M). Over the past 5 years the exports of Azerbaijan to India have increased at an annualized rate of 3.07%,  from $821M in 2018 to $955M in 2023.

In 2008, Azerbaijan exported services to India worth $1.08M, with Travel ($1.08M) being the largest in terms of value.

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B).

Latest Trends

November, 2024

About

Overview In November 2024, India exported $5.68M and imported $208k from Azerbaijan, resulting in a positive trade balance of $5.47M. Between November 2023 and November 2024 the exports of India have decreased by $-1.4M (-19.7%) from $7.07M to $5.68M, while imports increased by $207k (18.8k%) from $1.1k to $208k.

Trade In November 2024, the top exports of India to Azerbaijan were Tobacco Manufactured ($2.89M), Telecom Instruments ($2.29M), Tobacco Unmanufactured ($1.92M), Drug Formulations, Biologicals ($771k), and Rice -Basmoti ($703k). In November 2024 the top imports of India from Azerbaijan were Other Commodities ($11).

Growth In November 2024, the decrease in India's year-by-year exports to Azerbaijan was explained primarily by an decrease in product exports in Buffalo Meat ($-264k or -83.8%), Granit, Natrl Stone And Prodct ($-57.8k or -24.5%), and Ac, Refrigeration Machnry Etc ($-52.8k or -78.1%). In November 2024, the increase in India's year-by-year imports  from Azerbaijan was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$-1.4M(-19.7%)
IMPORT GROWTH (November 2023 - November 2024)$207k(18.8k%)

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

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

For full datasets download visit Bulk Download page.

Explore Azerbaijan and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $219M to Azerbaijan. The main products exported from India to Azerbaijan were Rice ($42.3M), Processed Tobacco ($26.4M), and Broadcasting Equipment ($19.9M). During the last 5 years the exports of India to Azerbaijan have increased at an annualized rate of 16.6%, from $101M in 2018 to $219M in 2023.

In 2018, Azerbaijan exported $955M to India. The main products exported from Azerbaijan to India were Crude Petroleum ($944M), Halogens ($5.27M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($3.39M). During the last 5 years the exports of Azerbaijan to India have increased at an annualized rate of 3.07%, from $821M in 2023 to $955M in 2018.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Azerbaijan
Top DestinationItaly$11.4B

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

In 2023, countries that imported more from India than Azerbaijan included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

In 2023, countries that imported more from Azerbaijan than India included Italy ($11.4B), Georgia ($654M), and Croatia ($754M).

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

Comparative Advantage India - Azerbaijan

Flow
Scale

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

During 2023, India had a large net trade with Azerbaijan in the exports of Vegetable Products ($53M), Machines ($48.4M), and Chemical Products ($30.1M).

During 2018, Azerbaijan had a large net trade with India in the exports of Mineral Products ($945M), Chemical Products ($8.79M), and Animal Hides ($777k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Azerbaijan+$23.4MPackaged Medicaments
Top Product Potential Azerbaijan India+$1.08BCrude 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 India and Azerbaijan. This means that a dot/product with the flag of India indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over India.

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

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