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2022
Flag → Flag
Exports $20.9MRnk 46 / 141
2022
Flag → Flag
Top Product $11.1MCoal Tar Oil
2022
Flag → Flag
Exports $1.3MRnk 112 / 194
2022
Flag → Flag
Top Product $956kPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag  
GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
Flag
 GDP$28.4BCURRENT US$
Rnk 105 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 138 / 186
2022
Flag
GDP PC $7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186
2022
Flag
GDP PC$31,284CURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP PC GROWTH7.9%CURRENT US$
Rnk 123 / 186

About

Azerbaijan-Cyprus Trade: In 2022, Azerbaijan exported $20.9M to Cyprus. The main products that Azerbaijan exported to Cyprus were Coal Tar Oil ($11.1M), Petroleum Resins ($9.59M), and Ferroalloys ($213k). Over the past 5 years the exports of Azerbaijan to Cyprus have decreased at an annualized rate of 13.5%, from $43.2M in 2017 to $20.9M in 2022.

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

Cyprus-Azerbaijan Trade: In 2022, Cyprus exported $1.3M to Azerbaijan. The main products that Cyprus exported to Azerbaijan were Packaged Medicaments ($956k), Video Displays ($206k), and Beauty Products ($66.4k). Over the past 5 years the exports of Cyprus to Azerbaijan have increased at an annualized rate of 9.73%,  from $820k in 2017 to $1.3M in 2022.

In 2022, Cyprus 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, Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Azerbaijan exported $20.9M to Cyprus. The main products exported from Azerbaijan to Cyprus were Coal Tar Oil ($11.1M), Petroleum Resins ($9.59M), and Ferroalloys ($213k). During the last 5 years the exports of Azerbaijan to Cyprus have decreased at an annualized rate of 13.5%, from $43.2M in 2017 to $20.9M in 2022.

In 2017, Cyprus exported $1.3M to Azerbaijan. The main products exported from Cyprus to Azerbaijan were Packaged Medicaments ($956k), Video Displays ($206k), and Beauty Products ($66.4k). During the last 5 years the exports of Cyprus to Azerbaijan have increased at an annualized rate of 9.73%, from $820k in 2022 to $1.3M in 2017.

Exports from Azerbaijan (Flag) to Cyprus (Flag) (2022)

Exports from Cyprus (Flag) to Azerbaijan (Flag) (2022)

Latest Data

Trade between Azerbaijan (Flag) and Cyprus (Flag)

Azerbaijan Exports

Cyprus Exports

Market Competitiveness

Color
Azerbaijan
Top DestinationItaly$18.3B
Cyprus
Top DestinationHong Kong$482M

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

In 2022, countries that imported more from Azerbaijan than Cyprus included Italy ($18.3B), Turkey ($3.57B), and India ($1.64B).

In 2022, countries that imported more from Cyprus than Azerbaijan included Hong Kong ($482M), Lebanon ($329M), and Liberia ($255M).

Difference in imports from Cyprus (Flag) and Azerbaijan (Flag) (2022)

Comparative Advantage Azerbaijan - Cyprus

Flow
Scale

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

During 2022, Azerbaijan had a large net trade with Cyprus in the exports of Mineral Products ($11.1M), Plastics and Rubbers ($9.59M), and Metals ($213k).

During 2017, Cyprus had a large net trade with Azerbaijan in the exports of Chemical Products ($1.02M), Machines ($231k), and Textiles ($15.1k).

Economic Complexity

Competitive Landscape

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

Product Space of Azerbaijan (Flag) and Cyprus (Flag) (2022)

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