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2023
Flag → Flag
Exports $204MRnk 34 / 193
2023
Flag → Flag
Top Product $15.3MFrozen Bovine Meat
2023
Flag → Flag
Exports $146MRnk 21 / 137
2023
Flag → Flag
Top Product $43.9MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.39Rnk 47 / 132
2023
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Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
Flag  
GDP$179BCURRENT US$
Rnk 57 / 195
2013-2023
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GDP GROWTH-6.16%CURRENT US$
Rnk 179 / 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 $5,070CURRENT US$
Rnk 122 / 195
2013-2023
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GDP PC GROWTH22.8%CURRENT US$
Rnk 95 / 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

Ukraine-Azerbaijan Trade: In 2023, Ukraine exported $204M to Azerbaijan. The main products that Ukraine exported to Azerbaijan were Frozen Bovine Meat ($15.3M), Poultry Meat ($15M), and Packaged Medicaments ($12.8M). Over the past 5 years the exports of Ukraine to Azerbaijan have decreased at an annualized rate of 11.6%, from $377M in 2018 to $204M in 2023.

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

Azerbaijan-Ukraine Trade: In 2023, Azerbaijan exported $146M to Ukraine. The main products that Azerbaijan exported to Ukraine were Refined Petroleum ($43.9M), Nitrogenous Fertilizers ($25.3M), and Other Fruits ($14.2M). Over the past 5 years the exports of Azerbaijan to Ukraine have decreased at an annualized rate of 18.1%,  from $398M in 2018 to $146M in 2023.

In 2008, Azerbaijan exported services to Ukraine worth $25.5M, with Travel ($11.3M), Transportation ($11.1M), and Services not allocated ($2.77M) being the largest in terms of value.

Comparison: In 2023,  Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B). 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, Ukraine exported $204M to Azerbaijan. The main products exported from Ukraine to Azerbaijan were Frozen Bovine Meat ($15.3M), Poultry Meat ($15M), and Packaged Medicaments ($12.8M). During the last 5 years the exports of Ukraine to Azerbaijan have decreased at an annualized rate of 11.6%, from $377M in 2018 to $204M in 2023.

In 2018, Azerbaijan exported $146M to Ukraine. The main products exported from Azerbaijan to Ukraine were Refined Petroleum ($43.9M), Nitrogenous Fertilizers ($25.3M), and Other Fruits ($14.2M). During the last 5 years the exports of Azerbaijan to Ukraine have decreased at an annualized rate of 18.1%, from $398M in 2023 to $146M in 2018.

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

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

Latest Data

Trade between Ukraine (Flag) and Azerbaijan (Flag)

Ukraine Exports

Azerbaijan Exports

Market Competitiveness

Color
Ukraine
Top DestinationPoland$4.83B
Azerbaijan
Top DestinationItaly$11.4B

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

In 2023, countries that imported more from Ukraine than Azerbaijan included Poland ($4.83B), Romania ($3.56B), and China ($2.5B).

In 2023, countries that imported more from Azerbaijan than Ukraine included Italy ($11.4B), Turkey ($5.85B), and Russia ($1.2B).

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

Comparative Advantage Ukraine - Azerbaijan

Flow
Scale

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

During 2023, Ukraine had a large net trade with Azerbaijan in the exports of Foodstuffs ($54.1M), Animal Products ($40.1M), and Machines ($22.7M).

During 2018, Azerbaijan had a large net trade with Ukraine in the exports of Mineral Products ($44.3M), Chemical Products ($36M), and Vegetable Products ($25.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ukraine Azerbaijan+$2.22MHot-Rolled Iron
Top Product Potential Azerbaijan Ukraine+$13.9MRefined Petroleum

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

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

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