2021
Flag  
GDP
$1.84TCURRENT US$
Rnk 10 / 204
2011-2021
Flag
GDP GROWTH
-10.2%CURRENT US$
Rnk 187 / 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 
$12,593CURRENT US$
Rnk 76 / 204
2011-2021
Flag
GDP PC GROWTH
-12%CURRENT US$
Rnk 170 / 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

Russia-Azerbaijan In 2021, Russia exported $2.24B to Azerbaijan. The main products that Russia exported to Azerbaijan are Wheat ($339M), Sawn Wood ($123M), and Broadcasting Equipment ($121M). During the last 25 years the exports of Russia to Azerbaijan have increased at an annualized rate of 9.98%, from $208M in 1996 to $2.24B in 2021.

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 In 2021, Azerbaijan exported $931M to Russia. The main products that Azerbaijan exported to Russia were Other Fruits ($161M), Tomatoes ($157M), and Propylene Polymers ($129M). During the last 25 years the exports of Azerbaijan to Russia have increased at an annualized rate of 7.96%, from $137M in 1996 to $931M in 2021.

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 2021,  Russia ranked 45 in the Economic Complexity Index (ECI 0.46), and 10 in total exports ($484B). 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, Russia exported $2.24B to Azerbaijan. The main products exported from Russia to Azerbaijan were Wheat ($339M), Sawn Wood ($123M), and Broadcasting Equipment ($121M). During the last 25 years the exports of Russia to Azerbaijan have increased at an annualized rate of 9.98%, from $208M in 1996 to $2.24B in 2021.

In 2021, Azerbaijan exported $931M to Russia. The main products exported from Azerbaijan to Russia were Other Fruits ($161M), Tomatoes ($157M), and Propylene Polymers ($129M). During the last 25 years the exports of Azerbaijan to Russia have increased at an annualized rate of 7.96%, from $137M in 1996 to $931M in 2021.

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

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

Market Competitiveness

Color
Russia
Top Destination
China$70.9B
Azerbaijan
Top Destination
Italy$9.46B

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 2021, countries that imported more from Russia than Azerbaijan were China ($70.9B), Netherlands ($39B), and United States ($27.4B).

In 2021, countries that imported more from Azerbaijan than Russia were Tunisia ($582M), Iran ($43.3M), and Syria ($121k).

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

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 2021, Russia had a large net trade with Azerbaijan in the exports of Vegetable Products ($387M), Machines ($329M), and Wood Products ($253M).

During 2021, Azerbaijan had a large net trade with Russia in the exports of Vegetable Products ($548M), Plastics and Rubbers ($202M), and Mineral Products ($57.2M).

Service Trade

Bilateral Service Trade

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.

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.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to Azerbaijan (Flag) (2020)

Services Exports from Azerbaijan (Flag) to Russia (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 Russia has comparative advantage over Azerbaijan. Similarly, the more yellow a dot/product is, the more Azerbaijan has comparative advantage over Russia.

Product Space of Russia (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