Ireland (IRL) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Ireland-Azerbaijan Trade: In 2022, Ireland exported $27.1M to Azerbaijan. The main products that Ireland exported to Azerbaijan were Scented Mixtures ($4.34M), Other Edible Preparations ($3.96M), and Packaged Medicaments ($3.58M). Over the past 5 years the exports of Ireland to Azerbaijan have increased at an annualized rate of 18.9%, from $11.4M in 2017 to $27.1M in 2022.

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

Azerbaijan-Ireland Trade: In 2022, Azerbaijan exported $401M to Ireland. The main products that Azerbaijan exported to Ireland were Crude Petroleum ($400M), Float Glass ($823k), and Refined Petroleum ($130k). Over the past 5 years the exports of Azerbaijan to Ireland have increased at an annualized rate of 302%, from $23.4k in 2017 to $401M in 2022.

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

Comparison: In 2022, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Latest Trends

N/A

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Overview In N/A, Ireland exported €N/A and imported €N/A from Azerbaijan, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Ireland have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Ireland to Azerbaijan were . In N/A the top imports of Ireland from Azerbaijan were .

Growth In N/A, the N/A in Ireland's year-by-year exports to Azerbaijan was explained primarily by an decrease in product exports in . In N/A, the N/A in Ireland's year-by-year imports from Azerbaijan was explained primarily by an decrease in product imports in .

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

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

To check Azerbaijan and Ireland 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, Ireland exported $27.1M to Azerbaijan. The main products exported from Ireland to Azerbaijan were Scented Mixtures ($4.34M), Other Edible Preparations ($3.96M), and Packaged Medicaments ($3.58M). During the last 5 years the exports of Ireland to Azerbaijan have increased at an annualized rate of 18.9%, from $11.4M in 2017 to $27.1M in 2022.

In 2017, Azerbaijan exported $401M to Ireland. The main products exported from Azerbaijan to Ireland were Crude Petroleum ($400M), Float Glass ($823k), and Refined Petroleum ($130k). During the last 5 years the exports of Azerbaijan to Ireland have increased at an annualized rate of 302%, from $23.4k in 2022 to $401M in 2017.

Exports from Ireland () to Azerbaijan () (2022)

Exports from Azerbaijan () to Ireland () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ireland
Top DestinationUnited States$70.7B

Azerbaijan
Top DestinationItaly$18.3B

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

In 2022, countries that imported more from Ireland than Azerbaijan included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

In 2022, countries that imported more from Azerbaijan than Ireland included Italy ($18.3B), Turkey ($3.57B), and Greece ($1.51B).

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

Comparative Advantage Ireland - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Ireland had a large net trade with Azerbaijan in the exports of Chemical Products ($10.7M), Foodstuffs ($5.78M), and Precious Metals ($3.04M).

During 2017, Azerbaijan had a large net trade with Ireland in the exports of Mineral Products ($400M), Stone And Glass ($823k), and Machines ($9.63k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ireland Azerbaijan+$7.69MPackaged Medicaments

Top Product Potential Azerbaijan Ireland+$1.06MRefined 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

Year

This visualization shows the product space at the HS4 level with the flags of Ireland and Azerbaijan. This means that a dot/product with the flag of Ireland indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Ireland.

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Ireland () to Azerbaijan () (2022)

Exports from Azerbaijan () to Ireland () (2022)

Market Competitiveness

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

Comparative Advantage Ireland - Azerbaijan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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