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2022
Flag → Flag
Exports $73.7MRnk 32 / 141
2022
Flag → Flag
Top Product $50.1MRefined Petroleum
2022
Flag → Flag
Exports $699MRnk 63 / 219
2022
Flag → Flag
Top Product $68.9MBroadcasting Equipment
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
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Economic Complexity (ECI) ECI 0.24Rnk 53 / 133
2022
Flag  
GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
Flag
 GDP$508BCURRENT US$
Rnk 28 / 186
2012-2022
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GDP GROWTH32%CURRENT US$
Rnk 93 / 186
2022
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GDP PC $7,737CURRENT US$
Rnk 87 / 186
2012-2022
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GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186
2022
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GDP PC$53,758CURRENT US$
Rnk 16 / 186
2012-2022
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GDP PC GROWTH21.1%CURRENT US$
Rnk 81 / 186

About

Azerbaijan-United Arab Emirates Trade: In 2022, Azerbaijan exported $73.7M to United Arab Emirates. The main products that Azerbaijan exported to United Arab Emirates were Refined Petroleum ($50.1M), Petroleum Resins ($6.22M), and Gold ($1.95M). Over the past 5 years the exports of Azerbaijan to United Arab Emirates have increased at an annualized rate of 37.2%, from $15.2M in 2017 to $73.7M in 2022.

In 2008, Azerbaijan exported services to United Arab Emirates worth $162M, with Transportation ($115M), Construction services ($31.6M), and Services not allocated ($14.1M) being the largest in terms of value.

United Arab Emirates-Azerbaijan Trade: In 2022, United Arab Emirates exported $699M to Azerbaijan. The main products that United Arab Emirates exported to Azerbaijan were Broadcasting Equipment ($68.9M), Cars ($43.4M), and Antiknock ($27.2M). Over the past 5 years the exports of United Arab Emirates to Azerbaijan have increased at an annualized rate of 31.4%,  from $136M in 2017 to $699M in 2022.

In 2022, United Arab Emirates did not export any services to Azerbaijan.

Comparison: In 2022,  Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B). That same year, United Arab Emirates ranked 53 in the Economic Complexity Index (ECI 0.24), and 18 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Azerbaijan exported $73.7M to United Arab Emirates. The main products exported from Azerbaijan to United Arab Emirates were Refined Petroleum ($50.1M), Petroleum Resins ($6.22M), and Gold ($1.95M). During the last 5 years the exports of Azerbaijan to United Arab Emirates have increased at an annualized rate of 37.2%, from $15.2M in 2017 to $73.7M in 2022.

In 2017, United Arab Emirates exported $699M to Azerbaijan. The main products exported from United Arab Emirates to Azerbaijan were Broadcasting Equipment ($68.9M), Cars ($43.4M), and Antiknock ($27.2M). During the last 5 years the exports of United Arab Emirates to Azerbaijan have increased at an annualized rate of 31.4%, from $136M in 2022 to $699M in 2017.

Exports from Azerbaijan (Flag) to United Arab Emirates (Flag) (2022)

Exports from United Arab Emirates (Flag) to Azerbaijan (Flag) (2022)

Latest Data

Trade between Azerbaijan (Flag) and United Arab Emirates (Flag)

Azerbaijan Exports

United Arab Emirates Exports

Market Competitiveness

Color
Azerbaijan
Top DestinationItaly$18.3B
United Arab Emirates
Top DestinationIndia$51B

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

In 2022, countries that imported more from Azerbaijan than United Arab Emirates included Italy ($18.3B), Greece ($1.51B), and Croatia ($990M).

In 2022, countries that imported more from United Arab Emirates than Azerbaijan included India ($51B), Japan ($40.9B), and China ($32.5B).

Difference in imports from United Arab Emirates (Flag) and Azerbaijan (Flag) (2022)

Comparative Advantage Azerbaijan - United Arab Emirates

Flow
Scale

This chart compares trade between Azerbaijan and United Arab Emirates by product, considering products traded by both, Azerbaijan and United Arab Emirates.

During 2022, Azerbaijan had a large net trade with United Arab Emirates in the exports of Mineral Products ($50.1M), Plastics and Rubbers ($6.27M), and Metals ($4.67M).

During 2017, United Arab Emirates had a large net trade with Azerbaijan in the exports of Machines ($280M), Transportation ($97.6M), and Chemical Products ($90.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Azerbaijan United Arab Emirates+$20.5MRefined Petroleum
Top Product Potential United Arab Emirates Azerbaijan+$11.2MCars

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

Product Space of Azerbaijan (Flag) and United Arab Emirates (Flag) (2022)

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