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2023
Flag → Flag
Exports $3.16BRnk 26 / 137
2023
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Top Product $729MCrude Petroleum
2023
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Exports $1.2BRnk 5 / 137
2023
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Top Product $176MOther Fruits
2023
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Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
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Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
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GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
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 GDP$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
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GDP GROWTH-2.43%CURRENT US$
Rnk 173 / 195
2023
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GDP PC $13,817CURRENT US$
Rnk 74 / 195
2013-2023
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GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
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GDP PC$7,126CURRENT US$
Rnk 103 / 196
2013-2023
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GDP PC GROWTH-9.52%CURRENT US$
Rnk 168 / 195

About

Russia-Azerbaijan Trade: In 2023, Russia exported $3.16B to Azerbaijan. The main products that Russia exported to Azerbaijan were Crude Petroleum ($729M), Wheat ($252M), and Petroleum Gas ($143M). Over the past 5 years the exports of Russia to Azerbaijan have increased at an annualized rate of 10.5%, from $1.92B in 2018 to $3.16B in 2023.

In 2020, Russia exported services to Azerbaijan worth $227M, with Travel ($122M), Transportation ($41.6M), and Other business services ($29.1M) being the largest in terms of value.

Azerbaijan-Russia Trade: In 2023, Azerbaijan exported $1.2B to Russia. The main products that Azerbaijan exported to Russia were Other Fruits ($176M), Propylene Polymers ($164M), and Tomatoes ($157M). Over the past 5 years the exports of Azerbaijan to Russia have increased at an annualized rate of 11.7%,  from $688M in 2018 to $1.2B in 2023.

In 2008, Azerbaijan exported services to Russia worth $229M, with Transportation ($118M), Services not allocated ($62M), and Travel ($27.4M) being the largest in terms of value.

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $132M and imported $86.4M from Azerbaijan, resulting in a positive trade balance of $45.6M. Between January 2021 and January 2022 the exports of Russia have decreased by $-17.5M (-11.7%) from $149M to $132M, while imports increased by $38.2M (79.4%) from $48.1M to $86.4M.

Trade In January 2022, the top exports of Russia to Azerbaijan were Wheat ($34.3M), Telephones ($10.4M), Seed Oils ($6.38M), Sawn Wood ($5.14M), and Hot-Rolled Iron ($4.08M). In January 2022 the top imports of Russia from Azerbaijan were Other Fruits ($15.7M), Propylene Polymers ($7.65M), Tomatoes ($5.86M), Other Nuts ($3.22M), and Petroleum Gas ($2.31M).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($26.5M), MOSCOW REGION ($14.9M), STAVROPOL TERRITORY ($11.8M), CHELYABINSK REGION ($8.33M), and SVERDLOVSK REGION ($5.24M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($58.5M), MOSCOW REGION ($13.6M), KRASNODAR TERRITORY ($3.77M), ROSTOV REGION ($1.68M), and REPUBLIC OF TATARSTAN ($1.41M).

Growth In January 2022, the decrease in Russia's year-by-year exports to Azerbaijan was explained primarily by an decrease in product exports in Coated Flat-Rolled Iron ($-3.13M or -72.6%), Hot-Rolled Iron ($-2.75M or -40.2%), and Raw Sugar ($-2.2M or -99.3%). In January 2022, the increase in Russia's year-by-year imports  from Azerbaijan was explained primarily by an increase in product imports  in Propylene Polymers ($6.7M or 706%), Other Fruits ($4.86M or 44.7%), and Petroleum Coke ($1.54M or 268%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$-17.5M(-11.7%)
IMPORT GROWTH (January 2021 - January 2022)$38.2M(79.4%)
MAIN EXPORTER (January 2022)MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION$26.5M

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

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

For full datasets download visit Bulk Download page.

Explore Azerbaijan and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $3.16B to Azerbaijan. The main products exported from Russia to Azerbaijan were Crude Petroleum ($729M), Wheat ($252M), and Petroleum Gas ($143M). During the last 5 years the exports of Russia to Azerbaijan have increased at an annualized rate of 10.5%, from $1.92B in 2018 to $3.16B in 2023.

In 2018, Azerbaijan exported $1.2B to Russia. The main products exported from Azerbaijan to Russia were Other Fruits ($176M), Propylene Polymers ($164M), and Tomatoes ($157M). During the last 5 years the exports of Azerbaijan to Russia have increased at an annualized rate of 11.7%, from $688M in 2023 to $1.2B in 2018.

Exports from Russia (Flag) to Azerbaijan (Flag) (2023)

Exports from Azerbaijan (Flag) to Russia (Flag) (2023)

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Azerbaijan
Top DestinationItaly$11.4B

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

In 2023, countries that imported more from Russia than Azerbaijan included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Azerbaijan than Russia included Italy ($11.4B), Croatia ($754M), and Vietnam ($346M).

Difference in imports from Azerbaijan (Flag) and Russia (Flag) (2023)

Comparative Advantage Russia - Azerbaijan

Flow
Scale

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

During 2023, Russia had a large net trade with Azerbaijan in the exports of Mineral Products ($1B), Metals ($482M), and Vegetable Products ($348M).

During 2018, Azerbaijan had a large net trade with Russia in the exports of Vegetable Products ($621M), Plastics and Rubbers ($266M), and Mineral Products ($98M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Azerbaijan+$75.6MCrude Petroleum
Top Product Potential Azerbaijan Russia+$16.2MRefined 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

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

Product Space of Russia (Flag) and Azerbaijan (Flag) (2023)

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