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Pricing

2023
Flag → Flag
Exports $28.1MRnk 101 / 182
2023
Flag → Flag
Top Product $12.4MEthylene Polymers
2023
Flag → Flag
Exports $5.27MRnk 60 / 137
2023
Flag → Flag
Top Product $1.7MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
Flag  
GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP GROWTH41.6%CURRENT US$
Rnk 90 / 195
2023
Flag
 GDP$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP GROWTH-2.43%CURRENT US$
Rnk 173 / 195
2023
Flag
GDP PC $32,094CURRENT US$
Rnk 44 / 195
2013-2023
Flag
GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195
2023
Flag
GDP PC$7,126CURRENT US$
Rnk 103 / 196
2013-2023
Flag
GDP PC GROWTH-9.52%CURRENT US$
Rnk 168 / 195

About

Saudi Arabia-Azerbaijan Trade: In 2023, Saudi Arabia exported $28.1M to Azerbaijan. The main products that Saudi Arabia exported to Azerbaijan were Ethylene Polymers ($12.4M), Propylene Polymers ($7.76M), and Cheese ($1.89M). Over the past 5 years the exports of Saudi Arabia to Azerbaijan have increased at an annualized rate of 6.34%, from $20.7M in 2018 to $28.1M in 2023.

In 2023, Saudi Arabia did not export any services to Azerbaijan.

Azerbaijan-Saudi Arabia Trade: In 2023, Azerbaijan exported $5.27M to Saudi Arabia. The main products that Azerbaijan exported to Saudi Arabia were Refined Petroleum ($1.7M), Surveying Equipment ($625k), and Other Furniture ($577k). Over the past 5 years the exports of Azerbaijan to Saudi Arabia have increased at an annualized rate of 40%,  from $980k in 2018 to $5.27M in 2023.

In 2008, Azerbaijan exported services to Saudi Arabia worth $2.04M, with Construction services ($2.04M) being the largest in terms of value.

Comparison: In 2023,  Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B). That same year, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Saudi Arabia exported $28.1M to Azerbaijan. The main products exported from Saudi Arabia to Azerbaijan were Ethylene Polymers ($12.4M), Propylene Polymers ($7.76M), and Cheese ($1.89M). During the last 5 years the exports of Saudi Arabia to Azerbaijan have increased at an annualized rate of 6.34%, from $20.7M in 2018 to $28.1M in 2023.

In 2018, Azerbaijan exported $5.27M to Saudi Arabia. The main products exported from Azerbaijan to Saudi Arabia were Refined Petroleum ($1.7M), Surveying Equipment ($625k), and Other Furniture ($577k). During the last 5 years the exports of Azerbaijan to Saudi Arabia have increased at an annualized rate of 40%, from $980k in 2023 to $5.27M in 2018.

Exports from Saudi Arabia (Flag) to Azerbaijan (Flag) (2023)

Exports from Azerbaijan (Flag) to Saudi Arabia (Flag) (2023)

Latest Data

Trade between Saudi Arabia (Flag) and Azerbaijan (Flag)

Saudi Arabia Exports

Azerbaijan Exports

Market Competitiveness

Color
Saudi Arabia
Top DestinationChina$64.4B
Azerbaijan
Top DestinationItaly$11.4B

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

In 2023, countries that imported more from Saudi Arabia than Azerbaijan included China ($64.4B), Japan ($34.7B), and India ($34.8B).

In 2023, countries that imported more from Azerbaijan than Saudi Arabia included Italy ($11.4B), Turkey ($5.85B), and Israel ($1.4B).

Difference in imports from Azerbaijan (Flag) and Saudi Arabia (Flag) (2023)

Comparative Advantage Saudi Arabia - Azerbaijan

Flow
Scale

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

During 2023, Saudi Arabia had a large net trade with Azerbaijan in the exports of Plastics and Rubbers ($21.7M), Animal Products ($2.31M), and Chemical Products ($2.04M).

During 2018, Azerbaijan had a large net trade with Saudi Arabia in the exports of Mineral Products ($1.7M), Vegetable Products ($794k), and Instruments ($786k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Saudi Arabia Azerbaijan+$5.07MEthylene Polymers
Top Product Potential Azerbaijan Saudi Arabia+$783kChocolate

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 Saudi Arabia and Azerbaijan. This means that a dot/product with the flag of Saudi Arabia indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Saudi Arabia.

Product Space of Saudi Arabia (Flag) and Azerbaijan (Flag) (2023)

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