Australia (AUS) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

About

Australia-Azerbaijan Trade: In 2022, Australia exported $23.6M to Azerbaijan. The main products that Australia exported to Azerbaijan were Aluminium Oxide ($17.1M), Pumice ($1.1M), and Orthopedic Appliances ($928k). Over the past 5 years the exports of Australia to Azerbaijan have increased at an annualized rate of 27.1%, from $7.11M in 2017 to $23.6M in 2022.

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

Azerbaijan-Australia Trade: In 2022, Azerbaijan exported $146M to Australia. The main products that Azerbaijan exported to Australia were Crude Petroleum ($146M), Fruit Juice ($140k), and Surveying Equipment ($22.8k). Over the past 5 years the exports of Azerbaijan to Australia have increased at an annualized rate of 31.5%, from $609k in 2017 to $146M in 2022.

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

Comparison: In 2022, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B). 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, Australia exported $23.6M to Azerbaijan. The main products exported from Australia to Azerbaijan were Aluminium Oxide ($17.1M), Pumice ($1.1M), and Orthopedic Appliances ($928k). During the last 5 years the exports of Australia to Azerbaijan have increased at an annualized rate of 27.1%, from $7.11M in 2017 to $23.6M in 2022.

In 2017, Azerbaijan exported $146M to Australia. The main products exported from Azerbaijan to Australia were Crude Petroleum ($146M), Fruit Juice ($140k), and Surveying Equipment ($22.8k). During the last 5 years the exports of Azerbaijan to Australia have increased at an annualized rate of 31.5%, from $609k in 2022 to $146M in 2017.

Exports from Australia () to Azerbaijan () (2022)

Exports from Azerbaijan () to Australia () (2022)

Latest Data

Trade between Australia () and Azerbaijan ()

Australia Exports

Date

Azerbaijan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Australia
Top DestinationChina$123B

Azerbaijan
Top DestinationItaly$18.3B

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

In 2022, countries that imported more from Australia than Azerbaijan included China ($123B), Japan ($80.1B), and South Korea ($41B).

In 2022, countries that imported more from Azerbaijan than Australia included Italy ($18.3B), Turkey ($3.57B), and Greece ($1.51B).

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

Comparative Advantage Australia - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Australia had a large net trade with Azerbaijan in the exports of Chemical Products ($17.6M), Instruments ($1.61M), and Machines ($1.59M).

During 2017, Azerbaijan had a large net trade with Australia in the exports of Mineral Products ($146M), Foodstuffs ($140k), and Instruments ($22.8k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Australia Azerbaijan+$440kCars

Top Product Potential Azerbaijan Australia+$53.5MCrude 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Australia and Azerbaijan. This means that a dot/product with the flag of Australia indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Australia.

About

Historical Data

Bilateral Trade by Products

Exports from Australia () to Azerbaijan () (2022)

Exports from Azerbaijan () to Australia () (2022)

Latest Data

Trade between Australia () and Azerbaijan ()

Australia Exports

Azerbaijan Exports

Market Competitiveness

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

Comparative Advantage Australia - Azerbaijan

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring