Qatar (QAT) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Qatar-Azerbaijan Trade: In 2023, Qatar exported $5.52M to Azerbaijan. The main products that Qatar exported to Azerbaijan were Hydrogen ($3.35M), Ethylene Polymers ($1.47M), and Acyclic Hydrocarbons ($627k). Over the past 5 years the exports of Qatar to Azerbaijan have increased at an annualized rate of 76.4%, from $323k in 2018 to $5.52M in 2023.

In 2023, Qatar did not export any services to Azerbaijan.

Azerbaijan-Qatar Trade: In 2023, Azerbaijan exported $2.49M to Qatar. The main products that Azerbaijan exported to Qatar were Refined Petroleum ($904k), Eggs ($547k), and Chocolate ($328k). Over the past 5 years the exports of Azerbaijan to Qatar have decreased at an annualized rate of 6.34%, from $3.46M in 2018 to $2.49M in 2023.

In 2023, Azerbaijan did not export any services to Qatar.

Comparison: In 2023, Qatar ranked 78 in the Economic Complexity Index (ECI -0.33), and 36 in total exports ($118B). That same year, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Qatar exported $5.52M to Azerbaijan. The main products exported from Qatar to Azerbaijan were Hydrogen ($3.35M), Ethylene Polymers ($1.47M), and Acyclic Hydrocarbons ($627k). During the last 5 years the exports of Qatar to Azerbaijan have increased at an annualized rate of 76.4%, from $323k in 2018 to $5.52M in 2023.

In 2018, Azerbaijan exported $2.49M to Qatar. The main products exported from Azerbaijan to Qatar were Refined Petroleum ($904k), Eggs ($547k), and Chocolate ($328k). During the last 5 years the exports of Azerbaijan to Qatar have decreased at an annualized rate of 6.34%, from $3.46M in 2023 to $2.49M in 2018.

Exports from Qatar () to Azerbaijan () (2023)

Exports from Azerbaijan () to Qatar () (2023)

Latest Data

Trade between Qatar () and Azerbaijan ()

Qatar Exports

Date

Azerbaijan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Qatar
Top DestinationChina$20.9B

Azerbaijan
Top DestinationItaly$11.4B

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

In 2023, countries that imported more from Qatar than Azerbaijan included China ($20.9B), South Korea ($12.1B), and India ($12.9B).

In 2023, countries that imported more from Azerbaijan than Qatar included Turkey ($5.85B), Italy ($11.4B), and Israel ($1.4B).

Difference in imports from Azerbaijan () and Qatar () (2023)

Comparative Advantage Qatar - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Qatar had a large net trade with Azerbaijan in the exports of Chemical Products ($4.02M), Plastics and Rubbers ($1.47M), and Precious Metals ($24.2k).

During 2018, Azerbaijan had a large net trade with Qatar in the exports of Mineral Products ($905k), Animal Products ($562k), and Foodstuffs ($414k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Qatar Azerbaijan+$780kEthylene Polymers

Top Product Potential Azerbaijan Qatar+$1.73MRefined Petroleum

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

Year

This visualization shows the product space at the HS4 level with the flags of Qatar and Azerbaijan. This means that a dot/product with the flag of Qatar indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Qatar.

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Historical Data

Bilateral Trade by Products

Exports from Qatar () to Azerbaijan () (2023)

Exports from Azerbaijan () to Qatar () (2023)

Latest Data

Trade between Qatar () and Azerbaijan ()

Qatar Exports

Azerbaijan Exports

Market Competitiveness

Difference in imports from Azerbaijan () and Qatar () (2023)

Comparative Advantage Qatar - Azerbaijan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Qatar () and Azerbaijan () (2023)

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