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Pricing

2022
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Exports $336MRnk 89 / 221
2022
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Top Product $14.1MRailway Maintenance Vehicles
2022
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Exports $18.3BRnk 1 / 141
2022
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Top Product $11.4BPetroleum Gas
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
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Economic Complexity (ECI) ECI -0.47Rnk 82 / 124
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$7,737CURRENT US$
Rnk 87 / 186
2012-2022
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GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186

About

Italy-Azerbaijan In 2022, Italy exported $336M to Azerbaijan. The main products that Italy exported to Azerbaijan are Railway Maintenance Vehicles ($14.1M), Cars ($13.9M), and Iron Pipes ($13.6M). During the last 27 years the exports of Italy to Azerbaijan have increased at an annualized rate of 12.9%, from $12.7M in 1995 to $336M in 2022.

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

Azerbaijan-Italy In 2022, Azerbaijan exported $18.3B to Italy. The main products that Azerbaijan exported to Italy were Petroleum Gas ($11.4B), Crude Petroleum ($6.72B), and Refined Petroleum ($37.5M). During the last 27 years the exports of Azerbaijan to Italy have increased at an annualized rate of 29.2%, from $18.2M in 1995 to $18.3B in 2022.

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 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B). That same year, Azerbaijan ranked 82 in the Economic Complexity Index (ECI -0.47), and 65 in total exports ($38.9B).

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €7.94M and imported €894M from Azerbaijan, resulting in a negative trade balance of €886M. Between December 2022 and December 2023 the exports of Italy have decreased by €-4.87M (-38%) from €12.8M to €7.94M, while imports decreased by €-506M (-36.2%) from €1.4B to €894M.

Trade In December 2023, the top exports of Italy to Azerbaijan were Liquid Pumps (€3.8M), Iron Pipes (€3.46M), Cars (€1.28M), Jewellery (€1.1M), and Refrigerators (€726k). In December 2023 the top imports of Italy from Azerbaijan were Petroleum Gas (€843M), Crude Petroleum (€555M), Acyclic Alcohols (€1.9M), Other Nuts (€1.42M), and Raw Aluminium (€1.19M).

Growth In December 2023, the decrease in Italy's year-by-year exports to Azerbaijan was explained primarily by an decrease in product exports in . In December 2023, the decrease in Italy's year-by-year imports  from Azerbaijan was explained primarily by an decrease in product imports  in Other Nuts (€-8.8M or -86.1%), Acyclic Alcohols (€-2.94M or -60.8%), and Ferroalloys (€-499k or -32.9%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-4.87M(-38%)
IMPORT GROWTH (December 2022 - December 2023)€-506M(-36.2%)

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

To check Azerbaijan and Italy trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $336M to Azerbaijan. The main products exported from Italy to Azerbaijan were Railway Maintenance Vehicles ($14.1M), Cars ($13.9M), and Iron Pipes ($13.6M). During the last 27 years the exports of Italy to Azerbaijan have increased at an annualized rate of 12.9%, from $12.7M in 1995 to $336M in 2022.

In 2022, Azerbaijan exported $18.3B to Italy. The main products exported from Azerbaijan to Italy were Petroleum Gas ($11.4B), Crude Petroleum ($6.72B), and Refined Petroleum ($37.5M). During the last 27 years the exports of Azerbaijan to Italy have increased at an annualized rate of 29.2%, from $18.2M in 1995 to $18.3B in 2022.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Azerbaijan
Top DestinationItaly$18.3B

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 ($78.5B), United States ($68.2B), and France ($63.8B).

In 2021, countries that imported more from Azerbaijan than Italy were Georgia ($645M).

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

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 2022, Italy had a large net trade with Azerbaijan in the exports of Machines ($112M), Transportation ($36M), and Chemical Products ($31.7M).

During 2022, Azerbaijan had a large net trade with Italy in the exports of Mineral Products ($18.2B), Vegetable Products ($28.9M), and Chemical Products ($14M).

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) (2022)

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