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2023
Flag → Flag
Exports $2.58BRnk 29 / 216
2023
Flag → Flag
Top Product $68.2MPackaged Medicaments
2023
Flag → Flag
Exports $5.85BRnk 2 / 137
2023
Flag → Flag
Top Product $3.68BPetroleum Gas
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
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Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
Flag  
GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
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GDP GROWTH16.8%CURRENT US$
Rnk 149 / 195
2023
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 GDP$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
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GDP GROWTH-2.43%CURRENT US$
Rnk 173 / 195
2023
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GDP PC $13,106CURRENT US$
Rnk 77 / 195
2013-2023
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GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195
2023
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GDP PC$7,126CURRENT US$
Rnk 103 / 196
2013-2023
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GDP PC GROWTH-9.52%CURRENT US$
Rnk 168 / 195

About

Turkey-Azerbaijan Trade: In 2023, Turkey exported $2.58B to Azerbaijan. The main products that Turkey exported to Azerbaijan were Packaged Medicaments ($68.2M), Cars ($60.8M), and Processed Tobacco ($57.5M). Over the past 5 years the exports of Turkey to Azerbaijan have increased at an annualized rate of 8.69%, from $1.7B in 2018 to $2.58B in 2023.

In 2023, Turkey did not export any services to Azerbaijan.

Azerbaijan-Turkey Trade: In 2023, Azerbaijan exported $5.85B to Turkey. The main products that Azerbaijan exported to Turkey were Petroleum Gas ($3.68B), Crude Petroleum ($676M), and Refined Petroleum ($623M). Over the past 5 years the exports of Azerbaijan to Turkey have increased at an annualized rate of 25.5%,  from $1.88B in 2018 to $5.85B in 2023.

In 2008, Azerbaijan exported services to Turkey worth $95.8M, with Transportation ($49.9M), Services not allocated ($29.7M), and Travel ($14.3M) being the largest in terms of value.

Comparison: In 2023,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B). 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, Turkey exported $2.58B to Azerbaijan. The main products exported from Turkey to Azerbaijan were Packaged Medicaments ($68.2M), Cars ($60.8M), and Processed Tobacco ($57.5M). During the last 5 years the exports of Turkey to Azerbaijan have increased at an annualized rate of 8.69%, from $1.7B in 2018 to $2.58B in 2023.

In 2018, Azerbaijan exported $5.85B to Turkey. The main products exported from Azerbaijan to Turkey were Petroleum Gas ($3.68B), Crude Petroleum ($676M), and Refined Petroleum ($623M). During the last 5 years the exports of Azerbaijan to Turkey have increased at an annualized rate of 25.5%, from $1.88B in 2023 to $5.85B in 2018.

Exports from Turkey (Flag) to Azerbaijan (Flag) (2023)

Exports from Azerbaijan (Flag) to Turkey (Flag) (2023)

Latest Data

Trade between Turkey (Flag) and Azerbaijan (Flag)

Turkey Exports

Azerbaijan Exports

Market Competitiveness

Color
Turkey
Top DestinationGermany$24.7B
Azerbaijan
Top DestinationItaly$11.4B

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

In 2023, countries that imported more from Turkey than Azerbaijan included Germany ($24.7B), United States ($15.9B), and United Kingdom ($15.1B).

In 2023, countries that imported more from Azerbaijan than Turkey included Croatia ($754M).

Difference in imports from Azerbaijan (Flag) and Turkey (Flag) (2023)

Comparative Advantage Turkey - Azerbaijan

Flow
Scale

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

During 2023, Turkey had a large net trade with Azerbaijan in the exports of Machines ($602M), Chemical Products ($364M), and Textiles ($276M).

During 2018, Azerbaijan had a large net trade with Turkey in the exports of N/A.

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Turkey and Azerbaijan. This means that a dot/product with the flag of Turkey indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Turkey.

Product Space of Turkey (Flag) and Azerbaijan (Flag) (2023)

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