Azerbaijan (AZE) and Canada (CAN) Trade | The Observatory of Economic Complexity

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Azerbaijan-Canada Trade: In 2023, Azerbaijan exported $2.2M to Canada. The main products that Azerbaijan exported to Canada were Raw Aluminium ($501k), Fruit Juice ($495k), and Gas Turbines ($238k). Over the past 5 years the exports of Azerbaijan to Canada have decreased at an annualized rate of 68.8%, from $739M in 2018 to $2.2M in 2023.

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

Canada-Azerbaijan Trade: In 2023, Canada exported $29.4M to Azerbaijan. The main products that Canada exported to Azerbaijan were Gas Turbines ($12.1M), Stone Processing Machines ($2.99M), and Cars ($2.16M). Over the past 5 years the exports of Canada to Azerbaijan have decreased at an annualized rate of 28.9%, from $162M in 2018 to $29.4M in 2023.

In 2023, Canada 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, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Azerbaijan exported $2.2M to Canada. The main products exported from Azerbaijan to Canada were Raw Aluminium ($501k), Fruit Juice ($495k), and Gas Turbines ($238k). During the last 5 years the exports of Azerbaijan to Canada have decreased at an annualized rate of 68.8%, from $739M in 2018 to $2.2M in 2023.

In 2018, Canada exported $29.4M to Azerbaijan. The main products exported from Canada to Azerbaijan were Gas Turbines ($12.1M), Stone Processing Machines ($2.99M), and Cars ($2.16M). During the last 5 years the exports of Canada to Azerbaijan have decreased at an annualized rate of 28.9%, from $162M in 2023 to $29.4M in 2018.

Exports from Azerbaijan () to Canada () (2023)

Exports from Canada () to Azerbaijan () (2023)

Latest Data

Trade between Azerbaijan () and Canada ()

Azerbaijan Exports

Date

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$11.4B

Canada
Top DestinationUnited States$410B

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

In 2023, countries that imported more from Azerbaijan than Canada included Italy ($11.4B), Turkey ($5.85B), and Russia ($1.2B).

In 2023, countries that imported more from Canada than Azerbaijan included United States ($410B), China ($31.1B), and United Kingdom ($18B).

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

Comparative Advantage Azerbaijan - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Azerbaijan had a large net trade with Canada in the exports of Foodstuffs ($585k), Metals ($568k), and Machines ($417k).

During 2018, Canada had a large net trade with Azerbaijan in the exports of Machines ($21.1M), Instruments ($2.51M), and Transportation ($2.38M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Azerbaijan Canada+$732kAluminium Plating

Top Product Potential Canada Azerbaijan+$4.43MCars

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

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Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Canada () (2023)

Exports from Canada () to Azerbaijan () (2023)

Latest Data

Trade between Azerbaijan () and Canada ()

Azerbaijan Exports

Canada Exports

Market Competitiveness

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

Comparative Advantage Azerbaijan - Canada

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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