2022
Exports
$117MWorld Rnk 58 / 98
Flag Rnk 14 / 848
2022
PRODUCT COMPLEXITY IN Electricity
-0.67Rnk 750 / 1025
2022
Imports
$6.48MWorld Rnk 93 / 128
Flag Rnk 326 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $117M in Electricity, making it the 58th largest exporter of Electricity in the world. At the same year, Electricity was the 14th most exported product in Azerbaijan. The main destination of Electricity exports from Azerbaijan are: Turkey ($79.3M), Georgia ($28.4M), Iran ($5.47M), and Russia ($3.64M).

The fastest growing export markets for Electricity of Azerbaijan between 2021 and 2022 were Turkey ($54.3M).

Imports In 2022, Azerbaijan imported $6.48M in Electricity, becoming the 93rd largest importer of Electricity in the world. At the same year, Electricity was the 326th most imported product in Azerbaijan. Azerbaijan imports Electricity primarily from: Russia ($3.72M), Armenia ($1.27M), Iran ($841k), Georgia ($574k), and Uzbekistan ($79.4k).

The fastest growing import markets in Electricity for Azerbaijan between 2021 and 2022 were Uzbekistan ($45.9k).

Latest Trends

Nov 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 Electricity. 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 (2022)$117M
IMPORTS (2022)$6.48M
NET TRADE (2022)$110M

In 2022, Azerbaijan exported $117M in Electricity. The main destinations of Azerbaijan exports on Electricity were Turkey ($79.3M), Georgia ($28.4M), Iran ($5.47M), and Russia ($3.64M).

In 2022, Azerbaijan imported $6.48M in Electricity, mainly from Russia ($3.72M), Armenia ($1.27M), Iran ($841k), Georgia ($574k), and Uzbekistan ($79.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electricity EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):Turkey$54.3M (218%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electricity BY Azerbaijan WERE (2021 - 2022):
Iran-$5.81M (-51.5%)
Georgia-$2.38M (-7.72%)
Armenia-$722k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Electricity were:
In 2022, Azerbaijan's main importing competitors in Electricity were:
France $14.6B
Germany $12.9B
Italy $11.9B

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Trade Value of Electricity by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIran+ $2.57M
TOP IMPORT POTENTIALRussia+ $972k

Electricity’s highest export potential is Iran. With an export gap of $2.57M.   Electricity’s highest import potential is Russia with an import gap of $972k.

See methodology.

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