Russia (RUS) and Azerbaijan (AZE) Trade | OEC - The Observatory of Economic Complexity

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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).

Latest Trends

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January, 2022

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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

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Flow

Time Scale

Depth

Value

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.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

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

SectionYear

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

Year

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

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Bilateral Service Trade

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Aze YearRus Year

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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Year

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.

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Russia - Azerbaijan

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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