2021
Flag  
GDP
$3.15TCURRENT US$
Rnk 5 / 204
2011-2021
Flag
GDP GROWTH
72.8%CURRENT US$
Rnk 26 / 204
2021
Flag
 GDP
$54.8BCURRENT US$
Rnk 87 / 204
2011-2021
Flag
GDP GROWTH
-16.9%CURRENT US$
Rnk 190 / 204
2021
Flag
GDP PC 
$2,238CURRENT US$
Rnk 159 / 204
2011-2021
Flag
GDP PC GROWTH
54.4%CURRENT US$
Rnk 27 / 204
2021
Flag
GDP PC
$5,408CURRENT US$
Rnk 114 / 204
2011-2021
Flag
GDP PC GROWTH
-24.8%CURRENT US$
Rnk 188 / 204

About

India-Azerbaijan In 2021, India exported $79.4M to Azerbaijan. The main products that India exported to Azerbaijan are Rice ($12M), Packaged Medicaments ($10.9M), and Broadcasting Equipment ($3.99M). During the last 26 years the exports of India to Azerbaijan have increased at an annualized rate of 24.8%, from $252k in 1995 to $79.4M in 2021.

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

Azerbaijan-India In 2021, Azerbaijan exported $595M to India. The main products that Azerbaijan exported to India were Crude Petroleum ($584M), Halogens ($4.11M), and Petroleum Coke ($3.43M). During the last 26 years the exports of Azerbaijan to India have increased at an annualized rate of 42.4%, from $60.3k in 1995 to $595M in 2021.

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

Comparison In 2021,  India ranked 41 in the Economic Complexity Index (ECI 0.61), and 14 in total exports ($403B). That same year, Azerbaijan ranked 85 in the Economic Complexity Index (ECI -0.52), and 71 in total exports ($22.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, India exported $79.4M to Azerbaijan. The main products exported from India to Azerbaijan were Rice ($12M), Packaged Medicaments ($10.9M), and Broadcasting Equipment ($3.99M). During the last 26 years the exports of India to Azerbaijan have increased at an annualized rate of 24.8%, from $252k in 1995 to $79.4M in 2021.

In 2021, Azerbaijan exported $595M to India. The main products exported from Azerbaijan to India were Crude Petroleum ($584M), Halogens ($4.11M), and Petroleum Coke ($3.43M). During the last 26 years the exports of Azerbaijan to India have increased at an annualized rate of 42.4%, from $60.3k in 1995 to $595M in 2021.

Exports from India (Flag) to Azerbaijan (Flag) (2021)

Exports from Azerbaijan (Flag) to India (Flag) (2021)

Market Competitiveness

Color
India
Top Destination
United States$71.2B
Azerbaijan
Top Destination
Italy$9.46B

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 2021, countries that imported more from India than Azerbaijan were United States ($71.2B), United Arab Emirates ($25.4B), and China ($23.1B).

In 2021, countries that imported more from Azerbaijan than India were Italy ($9.46B), Georgia ($663M), and Croatia ($741M).

Difference in imports from Azerbaijan (Flag) and India (Flag) (2021)

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 2021, India had a large net trade with Azerbaijan in the exports of Machines ($18.3M), Chemical Products ($18.2M), and Vegetable Products ($15.1M).

During 2021, Azerbaijan had a large net trade with India in the exports of Mineral Products ($588M), Chemical Products ($5.92M), and Animal Hides ($624k).

Service Trade

Bilateral Service Trade

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

Service trade data is presented based on availability.

Services Exports from Azerbaijan (Flag) to India (Flag) (N/A)

Economic Complexity

Competitive Landscape

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

Product Space of India (Flag) and Azerbaijan (Flag) (2021)

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with