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

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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 199%, from $609k in 2017 to $146M in 2022.

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

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.

Comparison: In 2022, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B). That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 199%, from $609k in 2017 to $146M in 2022.

In 2017, 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 2022 to $23.6M in 2017.

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

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

Latest Data

Trade between Azerbaijan () and Australia ()

Azerbaijan Exports

Date

Australia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$18.3B

Australia
Top DestinationChina$123B

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

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

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

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 2022, Azerbaijan had a large net trade with Australia in the exports of Mineral Products ($146M), Foodstuffs ($140k), and Instruments ($22.8k).

During 2017, Australia had a large net trade with Azerbaijan in the exports of Chemical Products ($17.6M), Instruments ($1.61M), and Machines ($1.59M).

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 () (2022)

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

Latest Data

Trade between Azerbaijan () and Australia ()

Azerbaijan Exports

Australia Exports

Market Competitiveness

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

Comparative Advantage Azerbaijan - Australia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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