2021
Flag  
GDP
$2.11TCURRENT US$
Rnk 8 / 204
2011-2021
Flag
GDP GROWTH
-7.87%CURRENT US$
Rnk 181 / 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 
$35,770CURRENT US$
Rnk 37 / 204
2011-2021
Flag
GDP PC GROWTH
-7.45%CURRENT US$
Rnk 160 / 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

Italy-Azerbaijan In 2021, Italy exported $339M to Azerbaijan. The main products that Italy exported to Azerbaijan are Valves ($33.9M), Other Sea Vessels ($21.5M), and Centrifuges ($15.6M). During the last 26 years the exports of Italy to Azerbaijan have increased at an annualized rate of 13.5%, from $12.7M in 1995 to $339M in 2021.

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

Azerbaijan-Italy In 2021, Azerbaijan exported $9.46B to Italy. The main products that Azerbaijan exported to Italy were Crude Petroleum ($6.17B), Petroleum Gas ($3.2B), and Refined Petroleum ($40.5M). During the last 26 years the exports of Azerbaijan to Italy have increased at an annualized rate of 26.8%, from $19.8M in 1995 to $9.46B in 2021.

In 2008, Azerbaijan exported services to Italy worth $11.1M, with Transportation ($6.11M), Services not allocated ($4M), and Travel ($973k) being the largest in terms of value.

Comparison In 2021,  Italy ranked 19 in the Economic Complexity Index (ECI 1.27), and 7 in total exports ($597B). 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, Italy exported $339M to Azerbaijan. The main products exported from Italy to Azerbaijan were Valves ($33.9M), Other Sea Vessels ($21.5M), and Centrifuges ($15.6M). During the last 26 years the exports of Italy to Azerbaijan have increased at an annualized rate of 13.5%, from $12.7M in 1995 to $339M in 2021.

In 2021, Azerbaijan exported $9.46B to Italy. The main products exported from Azerbaijan to Italy were Crude Petroleum ($6.17B), Petroleum Gas ($3.2B), and Refined Petroleum ($40.5M). During the last 26 years the exports of Azerbaijan to Italy have increased at an annualized rate of 26.8%, from $19.8M in 1995 to $9.46B in 2021.

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

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

Market Competitiveness

Color
Italy
Top Destination
Germany$78.4B
Azerbaijan
Top Destination
Italy$9.46B

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

In 2021, countries that imported more from Italy than Azerbaijan were Germany ($78.4B), France ($61.6B), and United States ($58.1B).

In 2021, countries that imported more from Azerbaijan than Italy were Georgia ($663M).

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

Comparative Advantage Italy - Azerbaijan

Flow
Scale

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

During 2021, Italy had a large net trade with Azerbaijan in the exports of Machines ($137M), Metals ($32.8M), and Transportation ($32.2M).

During 2021, Azerbaijan had a large net trade with Italy in the exports of Mineral Products ($9.41B), Vegetable Products ($33.9M), and Chemical Products ($11.5M).

Service Trade

Bilateral Service Trade

In 2008, Azerbaijan exported services to Italy worth $11.1M, with Transportation ($6.11M), Services not allocated ($4M), and Travel ($973k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Azerbaijan (Flag) to Italy (Flag) (2008)

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

Product Space of Italy (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