Italy (ITA) and Azerbaijan (AZE) Trade | OEC - The Observatory of Economic Complexity

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

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Bilateral Trade by Products

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Depth

Value

Year

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.

Latest Data

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Italy Exports

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Date

Azerbaijan Exports

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Date

Market Competitiveness

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Color

SectionYear

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).

Comparative Advantage Italy - Azerbaijan

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Flow

Scale

Year

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

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Bilateral Service Trade

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Aze Year

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.

Economic Complexity

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Competitive Landscape

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

About

Historical Data

Bilateral Trade by Products

Latest Data

Italy Exports

Azerbaijan Exports

Market Competitiveness

Comparative Advantage Italy - Azerbaijan

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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