Iran (IRN) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Iran-Azerbaijan In 2022, Iran exported $454M to Azerbaijan. The main products that Iran exported to Azerbaijan are Ethylene Polymers ($43.3M), Raw Aluminium ($26.5M), and Butter ($26.3M). During the last 26 years the exports of Iran to Azerbaijan have increased at an annualized rate of 7.85%, from $63.6M in 1996 to $454M in 2022.

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

Azerbaijan-Iran In 2022, Azerbaijan exported $29.8M to Iran. The main products that Azerbaijan exported to Iran were Raw Cotton ($8.62M), Petroleum Gas ($6.59M), and Electricity ($5.47M). During the last 26 years the exports of Azerbaijan to Iran have decreased at an annualized rate of 7.5%, from $226M in 1996 to $29.8M in 2022.

In 2008, Azerbaijan exported services to Iran worth $73.9M, with Travel ($60.1M), Services not allocated ($7.79M), and Transportation ($3.53M) being the largest in terms of value.

Comparison In 2022, Iran ranked 58 in the Economic Complexity Index (ECI 0.071), and 86 in total exports ($15.9B). That same year, Azerbaijan ranked 82 in the Economic Complexity Index (ECI -0.47), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iran exported $454M to Azerbaijan. The main products exported from Iran to Azerbaijan were Ethylene Polymers ($43.3M), Raw Aluminium ($26.5M), and Butter ($26.3M). During the last 26 years the exports of Iran to Azerbaijan have increased at an annualized rate of 7.85%, from $63.6M in 1996 to $454M in 2022.

In 2022, Azerbaijan exported $29.8M to Iran. The main products exported from Azerbaijan to Iran were Raw Cotton ($8.62M), Petroleum Gas ($6.59M), and Electricity ($5.47M). During the last 26 years the exports of Azerbaijan to Iran have decreased at an annualized rate of 7.5%, from $226M in 1996 to $29.8M in 2022.

Exports from Iran () to Azerbaijan () (2022)

Exports from Azerbaijan () to Iran () (2022)

Latest Data

Trade between Iran () and Azerbaijan ()

Azerbaijan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iran
Top DestinationChina$5.72B

Azerbaijan
Top DestinationItaly$18.3B

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

In 2021, countries that imported more from Iran than Azerbaijan were China ($5.72B), Kuwait ($960M), and Pakistan ($762M).

In 2021, countries that imported more from Azerbaijan than Iran were Italy ($18.3B), Israel ($1.68B), and Greece ($1.51B).

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

Comparative Advantage Iran - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iran had a large net trade with Azerbaijan in the exports of Metals ($108M), Plastics and Rubbers ($90.7M), and Stone And Glass ($53.3M).

During 2022, Azerbaijan had a large net trade with Iran in the exports of Mineral Products ($12.1M), Textiles ($9.51M), and Machines ($2.06M).

Service Trade

Bilateral Service Trade

Aze Year

In 2008, Azerbaijan exported services to Iran worth $73.9M, with Travel ($60.1M), Services not allocated ($7.79M), and Transportation ($3.53M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Azerbaijan () to Iran () (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 Iran has comparative advantage over Azerbaijan. Similarly, the more yellow a dot/product is, the more Azerbaijan has comparative advantage over Iran.

About

Historical Data

Bilateral Trade by Products

Exports from Iran () to Azerbaijan () (2022)

Exports from Azerbaijan () to Iran () (2022)

Latest Data

Trade between Iran () and Azerbaijan ()

Azerbaijan Exports

Market Competitiveness

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

Comparative Advantage Iran - Azerbaijan

Service Trade

Bilateral Service Trade

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

Economic Complexity

Competitive Landscape

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

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