2023
Exports
$161MWorld Rnk 59 / 210
Flag Rnk 10 / 841
2023
PRODUCT COMPLEXITY IN Cars
0.9Rnk 206 / 1025
2023
Imports
$2.07BWorld Rnk 58 / 225
Flag Rnk 1 / 1170
2023
ECONOMIC COMPLEXITY of Azerbaijan
-0.43Rnk 84 / 132

About

Exports In 2023, Azerbaijan exported $161M in Cars, making it the 59th largest exporter of Cars in the world. At the same year, Cars was the 10th most exported product in Azerbaijan. The main destination of Cars exports from Azerbaijan are: Kyrgyzstan ($46M), United Arab Emirates ($44.1M), Kazakhstan ($39.4M), Georgia ($18.3M), and Russia ($6.18M).

The fastest growing export markets for Cars of Azerbaijan between 2022 and 2023 were Kyrgyzstan ($45.6M), United Arab Emirates ($43M), and Georgia ($11.1M).

Imports In 2023, Azerbaijan imported $2.07B in Cars, becoming the 58th largest importer of Cars in the world. At the same year, Cars was the 1st most imported product in Azerbaijan. Azerbaijan imports Cars primarily from: Georgia ($437M), South Korea ($306M), Japan ($248M), China ($223M), and Germany ($203M).

The fastest growing import markets in Cars for Azerbaijan between 2022 and 2023 were South Korea ($179M), China ($166M), and Georgia ($129M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Cars. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$161M
IMPORTS (2023)$2.07B
NET TRADE (2023)-$1.91B

In 2023, Azerbaijan exported $161M in Cars. The main destinations of Azerbaijan exports on Cars were Kyrgyzstan ($46M), United Arab Emirates ($44.1M), Kazakhstan ($39.4M), Georgia ($18.3M), and Russia ($6.18M).

In 2023, Azerbaijan imported $2.07B in Cars, mainly from Georgia ($437M), South Korea ($306M), Japan ($248M), China ($223M), and Germany ($203M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Azerbaijan WERE (2022 - 2023):
Kyrgyzstan$45.6M (11.6k%)
Georgia$11.1M (154%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Azerbaijan WERE (2022 - 2023):
Hong Kong-$744k (-100%)
Ukraine-$650k (-98.7%)
Slovakia-$88.1k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Azerbaijan's main exporting competitors in Cars were:
Japan $119B
China $74.5B
In 2023, Azerbaijan's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $5.05M
TOP IMPORT POTENTIALGermany+ $71.9M

Cars’s highest export potential is Russia. With an export gap of $5.05M.   Cars’s highest import potential is Germany with an import gap of $71.9M.

See methodology.

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