Azerbaijan (AZE) and Indonesia (IDN) Trade | The Observatory of Economic Complexity

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Azerbaijan-Indonesia Trade: In 2023, Azerbaijan exported $184M to Indonesia. The main products that Azerbaijan exported to Indonesia were Crude Petroleum ($182M), Raw Aluminium ($1.12M), and Raw Tobacco ($424k). Over the past 5 years the exports of Azerbaijan to Indonesia have decreased at an annualized rate of 19.1%, from $531M in 2018 to $184M in 2023.

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

Indonesia-Azerbaijan Trade: In 2023, Indonesia exported $72.5M to Azerbaijan. The main products that Indonesia exported to Azerbaijan were Palm Oil ($40.6M), Aluminium Oxide ($13.3M), and Soap ($3.09M). Over the past 5 years the exports of Indonesia to Azerbaijan have decreased at an annualized rate of 9.3%, from $118M in 2018 to $72.5M in 2023.

In 2023, Indonesia 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, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Azerbaijan exported $184M to Indonesia. The main products exported from Azerbaijan to Indonesia were Crude Petroleum ($182M), Raw Aluminium ($1.12M), and Raw Tobacco ($424k). During the last 5 years the exports of Azerbaijan to Indonesia have decreased at an annualized rate of 19.1%, from $531M in 2018 to $184M in 2023.

In 2018, Indonesia exported $72.5M to Azerbaijan. The main products exported from Indonesia to Azerbaijan were Palm Oil ($40.6M), Aluminium Oxide ($13.3M), and Soap ($3.09M). During the last 5 years the exports of Indonesia to Azerbaijan have decreased at an annualized rate of 9.3%, from $118M in 2023 to $72.5M in 2018.

Exports from Azerbaijan () to Indonesia () (2023)

Exports from Indonesia () to Azerbaijan () (2023)

Latest Data

Trade between Azerbaijan () and Indonesia ()

Azerbaijan Exports

Date

Indonesia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$11.4B

Indonesia
Top DestinationChina$70.7B

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

In 2023, countries that imported more from Azerbaijan than Indonesia included Italy ($11.4B), Turkey ($5.85B), and Israel ($1.4B).

In 2023, countries that imported more from Indonesia than Azerbaijan included China ($70.7B), United States ($27.9B), and Japan ($23.7B).

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

Comparative Advantage Azerbaijan - Indonesia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Azerbaijan had a large net trade with Indonesia in the exports of Mineral Products ($182M), Metals ($1.34M), and Foodstuffs ($438k).

During 2018, Indonesia had a large net trade with Azerbaijan in the exports of Animal and Vegetable Bi-Products ($42M), Chemical Products ($17.1M), and Machines ($5.35M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Azerbaijan Indonesia+$94.8MCrude Petroleum

Top Product Potential Indonesia Azerbaijan+$1.23MRefrigerators

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

About

Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Indonesia () (2023)

Exports from Indonesia () to Azerbaijan () (2023)

Latest Data

Trade between Azerbaijan () and Indonesia ()

Azerbaijan Exports

Indonesia Exports

Market Competitiveness

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

Comparative Advantage Azerbaijan - Indonesia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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