India (IND) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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India-Azerbaijan In 2022, India exported $141M to Azerbaijan. The main products that India exported to Azerbaijan are Packaged Medicaments ($22.4M), Broadcasting Equipment ($19.3M), and Processed Tobacco ($18.9M). During the last 27 years the exports of India to Azerbaijan have increased at an annualized rate of 26.4%, from $252k in 1995 to $141M in 2022.

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

Azerbaijan-India In 2022, Azerbaijan exported $1.64B to India. The main products that Azerbaijan exported to India were Crude Petroleum ($1.6B), Nitrogenous Fertilizers ($28.8M), and Petroleum Coke ($6.55M). During the last 27 years the exports of Azerbaijan to India have increased at an annualized rate of 45.6%, from $64.1k in 1995 to $1.64B in 2022.

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

Comparison In 2022, India ranked 42 in the Economic Complexity Index (ECI 0.57), and 15 in total exports ($468B). That same year, Azerbaijan ranked 82 in the Economic Complexity Index (ECI -0.47), and 65 in total exports ($38.9B).

Latest Trends

January, 2024

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Overview In January 2024, India exported $9.66M and imported $65.2k from Azerbaijan, resulting in a positive trade balance of $9.6M. Between January 2023 and January 2024 the exports of India have decreased by $-684k (-6.61%) from $10.3M to $9.66M, while imports increased by $65.2k (593k%) from $11 to $65.2k.

Trade In January 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 January 2024 the top imports of India from Azerbaijan were Other Commodities ($11).

Growth In January 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 January 2024, the increase in India's year-by-year imports from Azerbaijan was explained primarily by an increase in product imports in .

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-684k(-6.61%)

IMPORT GROWTH (January 2023 - January 2024)$65.2k(593k%)

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.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $141M to Azerbaijan. The main products exported from India to Azerbaijan were Packaged Medicaments ($22.4M), Broadcasting Equipment ($19.3M), and Processed Tobacco ($18.9M). During the last 27 years the exports of India to Azerbaijan have increased at an annualized rate of 26.4%, from $252k in 1995 to $141M in 2022.

In 2022, Azerbaijan exported $1.64B to India. The main products exported from Azerbaijan to India were Crude Petroleum ($1.6B), Nitrogenous Fertilizers ($28.8M), and Petroleum Coke ($6.55M). During the last 27 years the exports of Azerbaijan to India have increased at an annualized rate of 45.6%, from $64.1k in 1995 to $1.64B in 2022.

Exports from India () to Azerbaijan () (2022)

Exports from Azerbaijan () to India () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Azerbaijan
Top DestinationItaly$18.3B

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 ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2021, countries that imported more from Azerbaijan than India were Italy ($18.3B), Croatia ($990M), and Greece ($1.51B).

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

Comparative Advantage India - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, India had a large net trade with Azerbaijan in the exports of Machines ($38.5M), Chemical Products ($35.4M), and Foodstuffs ($22.3M).

During 2022, Azerbaijan had a large net trade with India in the exports of Mineral Products ($1.61B), Chemical Products ($29.9M), and Animal Hides ($740k).

Service Trade

Bilateral Service Trade

Aze Year

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

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from India () to Azerbaijan () (2022)

Exports from Azerbaijan () to India () (2022)

Market Competitiveness

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

Comparative Advantage India - Azerbaijan

Service Trade

Bilateral Service Trade

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

Economic Complexity

Competitive Landscape

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

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