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2021
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Exports
: $2.24B, Rnk 37 / 192

2021
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Top Product
: $339M, Wheat

2021
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Exports
: $931M, Rnk 3 / 138

2021
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Top Product
: $161M, Other Fruits

2021
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Economic Complexity (ECI)
: ECI 0.46, Rnk 45 / 131

2021
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Economic Complexity (ECI)
: ECI -0.52, Rnk 85 / 131

2021
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GDP
: $1.78T, CURRENT US$
Rnk 11 / 182

2011-2021
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GDP GROWTH
: -13.2%, CURRENT US$
Rnk 167 / 182

2021
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 GDP
: $54.6B, CURRENT US$
Rnk 82 / 182

2011-2021
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GDP GROWTH
: -17.2%, CURRENT US$
Rnk 170 / 182

2021
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GDP PC 
: $12,173, CURRENT US$
Rnk 61 / 182

2011-2021
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GDP PC GROWTH
: -14.9%, CURRENT US$
Rnk 153 / 182

2021
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GDP PC
: $5,384, CURRENT US$
Rnk 94 / 182

2011-2021
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GDP PC GROWTH
: -25.1%, CURRENT US$
Rnk 166 / 182

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

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Bilateral Trade by Products

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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.

Market Competitiveness

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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).

Comparative Advantage Russia - Azerbaijan

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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).

Bilateral Service Trade

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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.

Economic Complexity

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Competitive Landscape

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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.