2022
Flag  
GDP
$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 140 / 186
2022
Flag
 GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP GROWTH
8.73%CURRENT US$
Rnk 147 / 186
2022
Flag
GDP PC 
$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH
3.21%CURRENT US$
Rnk 134 / 186
2022
Flag
GDP PC
$50,537CURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP PC GROWTH
5.93%CURRENT US$
Rnk 127 / 186

About

Azerbaijan-Finland Trade: In 2022, Azerbaijan exported $779k to Finland. The main products that Azerbaijan exported to Finland were Ethylene Polymers ($229k), Packing Bags ($158k), and Fruit Juice ($150k). Over the past 5 years the exports of Azerbaijan to Finland have decreased at an annualized rate of 19.9%, from $2.36M in 2017 to $779k in 2022.

In 2008, Azerbaijan exported services to Finland worth $11k, with Communications services ($11k) being the largest in terms of value.

Finland-Azerbaijan Trade: In 2022, Finland exported $130M to Azerbaijan. The main products that Finland exported to Azerbaijan were Spark-Ignition Engines ($99.6M), Butter ($5.38M), and Harvesting Machinery ($4.5M). Over the past 5 years the exports of Finland to Azerbaijan have increased at an annualized rate of 45.7%,  from $19.9M in 2017 to $130M in 2022.

In 2022, Finland 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Azerbaijan exported $779k to Finland. The main products exported from Azerbaijan to Finland were Ethylene Polymers ($229k), Packing Bags ($158k), and Fruit Juice ($150k). During the last 5 years the exports of Azerbaijan to Finland have decreased at an annualized rate of 19.9%, from $2.36M in 2017 to $779k in 2022.

In 2017, Finland exported $130M to Azerbaijan. The main products exported from Finland to Azerbaijan were Spark-Ignition Engines ($99.6M), Butter ($5.38M), and Harvesting Machinery ($4.5M). During the last 5 years the exports of Finland to Azerbaijan have increased at an annualized rate of 45.7%, from $19.9M in 2022 to $130M in 2017.

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

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

Latest Data

Trade between Azerbaijan (Flag) and Finland (Flag)

Azerbaijan Exports

Finland Exports

Market Competitiveness

Color
Azerbaijan
Top Destination
Italy$18.3B
Finland
Top Destination
Germany$9.99B

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

In 2022, countries that imported more from Azerbaijan than Finland included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

In 2022, countries that imported more from Finland than Azerbaijan included Germany ($9.99B), Sweden ($9.1B), and United States ($9.17B).

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

Comparative Advantage Azerbaijan - Finland

Flow
Scale

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

During 2022, Azerbaijan had a large net trade with Finland in the exports of Plastics and Rubbers ($229k), Metals ($161k), and Textiles ($159k).

During 2017, Finland had a large net trade with Azerbaijan in the exports of Machines ($116M), Animal Products ($6.05M), and Chemical Products ($3.14M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Azerbaijan Finland+$441kEthylene Polymers
Top Product Potential Finland Azerbaijan+$1.68MTelephones

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

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

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