2022
Flag  
GDP
$80.4BCURRENT US$
Rnk 72 / 186
2012-2022
Flag
GDP GROWTH
19.1%CURRENT US$
Rnk 123 / 186
2022
Flag
 GDP
$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 140 / 186
2022
Flag
GDP PC 
$2,255CURRENT US$
Rnk 143 / 186
2012-2022
Flag
GDP PC GROWTH
-0.55%CURRENT US$
Rnk 146 / 186
2022
Flag
GDP PC
$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH
3.21%CURRENT US$
Rnk 134 / 186

About

Uzbekistan-Azerbaijan Trade: In 2022, Uzbekistan exported $128M to Azerbaijan. The main products that Uzbekistan exported to Azerbaijan were Processed Tobacco ($17.2M), Copper Wire ($10.1M), and Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) ($10.1M). Over the past 5 years the exports of Uzbekistan to Azerbaijan have increased at an annualized rate of 38.5%, from $25.2M in 2017 to $128M in 2022.

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

Azerbaijan-Uzbekistan Trade: In 2022, Azerbaijan exported $47.9M to Uzbekistan. The main products that Azerbaijan exported to Uzbekistan were Copper Ore ($18.8M), Raw Aluminium ($11.1M), and Other Nuts ($3.08M). Over the past 5 years the exports of Azerbaijan to Uzbekistan have increased at an annualized rate of 15.8%,  from $4.56M in 2017 to $47.9M in 2022.

In 2008, Azerbaijan exported services to Uzbekistan worth $4.15M, with Transportation ($2.18M), Travel ($1.82M), and Services not allocated ($157k) being the largest in terms of value.

Comparison: In 2022,  Uzbekistan ranked 79 in the Economic Complexity Index (ECI -0.28), and 83 in total exports ($16.9B). 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
Value

In 2022, Uzbekistan exported $128M to Azerbaijan. The main products exported from Uzbekistan to Azerbaijan were Processed Tobacco ($17.2M), Copper Wire ($10.1M), and Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) ($10.1M). During the last 5 years the exports of Uzbekistan to Azerbaijan have increased at an annualized rate of 38.5%, from $25.2M in 2017 to $128M in 2022.

In 2017, Azerbaijan exported $47.9M to Uzbekistan. The main products exported from Azerbaijan to Uzbekistan were Copper Ore ($18.8M), Raw Aluminium ($11.1M), and Other Nuts ($3.08M). During the last 5 years the exports of Azerbaijan to Uzbekistan have increased at an annualized rate of 15.8%, from $4.56M in 2022 to $47.9M in 2017.

Exports from Uzbekistan (Flag) to Azerbaijan (Flag) (2022)

Exports from Azerbaijan (Flag) to Uzbekistan (Flag) (2022)

Latest Data

Trade between Uzbekistan (Flag) and Azerbaijan (Flag)

Uzbekistan Exports

Azerbaijan Exports

Market Competitiveness

Color
Uzbekistan
Top Destination
Switzerland$4.29B
Azerbaijan
Top Destination
Italy$18.3B

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

In 2022, countries that imported more from Uzbekistan than Azerbaijan included Switzerland ($4.29B), China ($1.98B), and Russia ($2.6B).

In 2022, countries that imported more from Azerbaijan than Uzbekistan included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

Difference in imports from Azerbaijan (Flag) and Uzbekistan (Flag) (2022)

Comparative Advantage Uzbekistan - Azerbaijan

Flow
Scale

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

During 2022, Uzbekistan had a large net trade with Azerbaijan in the exports of Machines ($26M), Foodstuffs ($20.7M), and Textiles ($20.6M).

During 2017, Azerbaijan had a large net trade with Uzbekistan in the exports of Mineral Products ($20.8M), Metals ($13M), and Vegetable Products ($3.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uzbekistan Azerbaijan+$489kCars
Top Product Potential Azerbaijan Uzbekistan+$1.36MRefined 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 Uzbekistan and Azerbaijan. This means that a dot/product with the flag of Uzbekistan indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Uzbekistan.

Product Space of Uzbekistan (Flag) and Azerbaijan (Flag) (2022)

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