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2022
Flag → Flag
Exports $2.52BRnk 31 / 138
2022
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Top Product $294MWheat
2022
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Exports $974MRnk 8 / 141
2022
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Top Product $163MOther Fruits
2022
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Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
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Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
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GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
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 GDP$78.7BCURRENT US$
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2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
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GDP PC $15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 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

Russia-Azerbaijan Trade: In 2022, Russia exported $2.52B to Azerbaijan. The main products that Russia exported to Azerbaijan were Wheat ($294M), Refined Petroleum ($280M), and Crude Petroleum ($116M). Over the past 5 years the exports of Russia to Azerbaijan have increased at an annualized rate of 8.37%, from $1.68B in 2017 to $2.52B in 2022.

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 2022, Azerbaijan exported $974M to Russia. The main products that Azerbaijan exported to Russia were Other Fruits ($163M), Tomatoes ($162M), and Propylene Polymers ($96.5M). Over the past 5 years the exports of Azerbaijan to Russia have increased at an annualized rate of 4.56%,  from $624M in 2017 to $974M in 2022.

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 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

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 2022, Russia exported $2.52B to Azerbaijan. The main products exported from Russia to Azerbaijan were Wheat ($294M), Refined Petroleum ($280M), and Crude Petroleum ($116M). During the last 5 years the exports of Russia to Azerbaijan have increased at an annualized rate of 8.37%, from $1.68B in 2017 to $2.52B in 2022.

In 2017, Azerbaijan exported $974M to Russia. The main products exported from Azerbaijan to Russia were Other Fruits ($163M), Tomatoes ($162M), and Propylene Polymers ($96.5M). During the last 5 years the exports of Azerbaijan to Russia have increased at an annualized rate of 4.56%, from $624M in 2022 to $974M in 2017.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$101B
Azerbaijan
Top DestinationItaly$18.3B

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 2022, countries that imported more from Russia than Azerbaijan included China ($101B), India ($40.4B), and Germany ($27.7B).

In 2022, countries that imported more from Azerbaijan than Russia included Israel ($1.68B), Croatia ($990M), and Portugal ($757M).

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

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 2022, Russia had a large net trade with Azerbaijan in the exports of Mineral Products ($433M), Vegetable Products ($378M), and Metals ($360M).

During 2017, Azerbaijan had a large net trade with Russia in the exports of Vegetable Products ($589M), Plastics and Rubbers ($153M), and Mineral Products ($62.2M).

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) (2022)

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