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

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Azerbaijan-Australia Trade: In 2023, Azerbaijan exported $85.8M to Australia. The main products that Azerbaijan exported to Australia were Crude Petroleum ($84.8M), Refined Petroleum ($310k), and Machinery Having Individual Functions ($181k). Over the past 5 years the exports of Azerbaijan to Australia have increased at an annualized rate of 8.25%, from $57.7M in 2018 to $85.8M in 2023.

In 2023, Azerbaijan did not export any services to Australia.

Australia-Azerbaijan Trade: In 2023, Australia exported $12.5M to Azerbaijan. The main products that Australia exported to Azerbaijan were Aluminium Oxide ($6.79M), Washing and Bottling Machines ($2.08M), and Orthopedic Appliances ($329k). Over the past 5 years the exports of Australia to Azerbaijan have increased at an annualized rate of 21.7%, from $4.69M in 2018 to $12.5M in 2023.

In 2023, Australia did not export any services to Azerbaijan.

Comparison: In 2023, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B). That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Azerbaijan exported $85.8M to Australia. The main products exported from Azerbaijan to Australia were Crude Petroleum ($84.8M), Refined Petroleum ($310k), and Machinery Having Individual Functions ($181k). During the last 5 years the exports of Azerbaijan to Australia have increased at an annualized rate of 8.25%, from $57.7M in 2018 to $85.8M in 2023.

In 2018, Australia exported $12.5M to Azerbaijan. The main products exported from Australia to Azerbaijan were Aluminium Oxide ($6.79M), Washing and Bottling Machines ($2.08M), and Orthopedic Appliances ($329k). During the last 5 years the exports of Australia to Azerbaijan have increased at an annualized rate of 21.7%, from $4.69M in 2023 to $12.5M in 2018.

Exports from Azerbaijan () to Australia () (2023)

Exports from Australia () to Azerbaijan () (2023)

Latest Data

Trade between Azerbaijan () and Australia ()

Azerbaijan Exports

Date

Australia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$11.4B

Australia
Top DestinationChina$137B

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

In 2023, countries that imported more from Azerbaijan than Australia included Italy ($11.4B), Turkey ($5.85B), and Greece ($1.27B).

In 2023, countries that imported more from Australia than Azerbaijan included China ($137B), Japan ($59B), and South Korea ($20.9B).

Difference in imports from Australia () and Azerbaijan () (2023)

Comparative Advantage Azerbaijan - Australia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Azerbaijan had a large net trade with Australia in the exports of Mineral Products ($85.1M), Machines ($416k), and Foodstuffs ($194k).

During 2018, Australia had a large net trade with Azerbaijan in the exports of Chemical Products ($7.13M), Machines ($3.24M), and Instruments ($719k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Azerbaijan Australia+$53.5MCrude Petroleum

Top Product Potential Australia Azerbaijan+$440kCars

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Australia () (2023)

Exports from Australia () to Azerbaijan () (2023)

Latest Data

Trade between Azerbaijan () and Australia ()

Azerbaijan Exports

Australia Exports

Market Competitiveness

Difference in imports from Australia () and Azerbaijan () (2023)

Comparative Advantage Azerbaijan - Australia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Azerbaijan () and Australia () (2023)

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