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Pricing

2022
Flag → Flag
Exports $454MRnk 7 / 127
2022
Flag → Flag
Top Product $43.3MEthylene Polymers
2022
Flag → Flag
Exports $29.8MRnk 39 / 141
2022
Flag → Flag
Top Product $8.62MRaw Cotton
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag  
GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 186
2022
Flag
 GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
Flag
GDP PC $4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186
2022
Flag
GDP PC$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186

About

Iran-Azerbaijan Trade: In 2022, Iran exported $454M to Azerbaijan. The main products that Iran exported to Azerbaijan were Ethylene Polymers ($43.3M), Raw Aluminium ($26.5M), and Butter ($26.3M). Over the past 5 years the exports of Iran to Azerbaijan have increased at an annualized rate of 4.38%, from $367M in 2017 to $454M in 2022.

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

Azerbaijan-Iran Trade: 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). Over the past 5 years the exports of Azerbaijan to Iran have decreased at an annualized rate of 1.11%,  from $31.5M in 2017 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 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

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 5 years the exports of Iran to Azerbaijan have increased at an annualized rate of 4.38%, from $367M in 2017 to $454M in 2022.

In 2017, 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 5 years the exports of Azerbaijan to Iran have decreased at an annualized rate of 1.11%, from $31.5M in 2022 to $29.8M in 2017.

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

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

Latest Data

Trade between Iran (Flag) and Azerbaijan (Flag)

Azerbaijan Exports

Market Competitiveness

Color
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 2022, countries that imported more from Iran than Azerbaijan included China ($5.72B), Kuwait ($960M), and Pakistan ($762M).

In 2022, countries that imported more from Azerbaijan than Iran included Italy ($18.3B), Israel ($1.68B), and Greece ($1.51B).

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

Comparative Advantage Iran - Azerbaijan

Flow
Scale

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 2017, Azerbaijan had a large net trade with Iran in the exports of Mineral Products ($12.1M), Textiles ($9.51M), and Machines ($2.06M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Iran Azerbaijan+$6MEthylene Polymers
Top Product Potential Azerbaijan Iran+$7.54MPetroleum Gas

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 Iran and Azerbaijan. This means that a dot/product with the flag of Iran indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Iran.

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

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