Turkey (TUR) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Turkey-Azerbaijan Trade: In 2022, Turkey exported $1.47B to Azerbaijan. The main products that Turkey exported to Azerbaijan were Iron Structures ($59.3M), Packaged Medicaments ($55.4M), and Refined Petroleum ($50.7M). Over the past 5 years the exports of Turkey to Azerbaijan have increased at an annualized rate of 55.8%, from $161M in 2017 to $1.47B in 2022.

In 2022, Turkey did not export any services to Azerbaijan.

Azerbaijan-Turkey Trade: In 2022, Azerbaijan exported $1.44B to Turkey. The main products that Azerbaijan exported to Turkey were Petroleum Gas ($2.21B), Crude Petroleum ($502M), and Raw Cotton ($162M). Over the past 5 years the exports of Azerbaijan to Turkey have increased at an annualized rate of 133%, from $20.8M in 2017 to $1.44B in 2022.

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 2022, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Turkey exported $1.47B to Azerbaijan. The main products exported from Turkey to Azerbaijan were Iron Structures ($59.3M), Packaged Medicaments ($55.4M), and Refined Petroleum ($50.7M). During the last 5 years the exports of Turkey to Azerbaijan have increased at an annualized rate of 55.8%, from $161M in 2017 to $1.47B in 2022.

In 2017, Azerbaijan exported $1.44B to Turkey. The main products exported from Azerbaijan to Turkey were Petroleum Gas ($2.21B), Crude Petroleum ($502M), and Raw Cotton ($162M). During the last 22 years the exports of Azerbaijan to Turkey have increased at an annualized rate of 133%, from $20.8M in 1995 to $1.44B in 2017.

Exports from Turkey () to Azerbaijan () (2022)

Exports from Azerbaijan () to Turkey () (2022)

Latest Data

Trade between Turkey () and Azerbaijan ()

Turkey Exports

Date

Azerbaijan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$21.9B

Azerbaijan
Top DestinationItaly$18.3B

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 2022, countries that imported more from Turkey than Azerbaijan included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

In 2022, countries that imported more from Azerbaijan than Turkey included Italy ($18.3B), Croatia ($990M), and Indonesia ($612M).

Difference in imports from Azerbaijan () and Turkey () (2022)

Comparative Advantage Turkey - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Turkey had a large net trade with Azerbaijan in the exports of Machines ($601M), Chemical Products ($340M), and Metals ($275M).

During 2017, Azerbaijan had a large net trade with Turkey in the exports of Mineral Products ($3B), Metals ($193M), and Textiles ($192M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Turkey Azerbaijan+$31.6MRefined Petroleum

Top Product Potential Azerbaijan Turkey+N/AN/A

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

Year

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.

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Historical Data

Bilateral Trade by Products

Exports from Turkey () to Azerbaijan () (2022)

Exports from Azerbaijan () to Turkey () (2022)

Latest Data

Trade between Turkey () and Azerbaijan ()

Turkey Exports

Azerbaijan Exports

Market Competitiveness

Difference in imports from Azerbaijan () and Turkey () (2022)

Comparative Advantage Turkey - Azerbaijan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Turkey () and Azerbaijan () (2022)

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