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2023
Flag → Flag
Exports $955MRnk 7 / 137
2023
Flag → Flag
Top Product $944MCrude Petroleum
2023
Flag → Flag
Exports $219MRnk 121 / 220
2023
Flag → Flag
Top Product $42.3MRice
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag  
GDP$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP GROWTH-2.43%CURRENT US$
Rnk 173 / 195
2023
Flag
 GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
GDP PC $7,126CURRENT US$
Rnk 103 / 195
2013-2023
Flag
GDP PC GROWTH-9.52%CURRENT US$
Rnk 168 / 195
2023
Flag
GDP PC$2,481CURRENT US$
Rnk 148 / 196
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195

About

Azerbaijan-India Trade: In 2023, Azerbaijan exported $955M to India. The main products that Azerbaijan exported to India were Crude Petroleum ($944M), Halogens ($5.27M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($3.39M). Over the past 5 years the exports of Azerbaijan to India have increased at an annualized rate of 3.07%, from $821M in 2018 to $955M in 2023.

In 2008, Azerbaijan exported services to India worth $1.08M, with Travel ($1.08M) being the largest in terms of value.

India-Azerbaijan Trade: In 2023, India exported $219M to Azerbaijan. The main products that India exported to Azerbaijan were Rice ($42.3M), Processed Tobacco ($26.4M), and Broadcasting Equipment ($19.9M). Over the past 5 years the exports of India to Azerbaijan have increased at an annualized rate of 16.6%,  from $101M in 2018 to $219M in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Azerbaijan exported $955M to India. The main products exported from Azerbaijan to India were Crude Petroleum ($944M), Halogens ($5.27M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($3.39M). During the last 5 years the exports of Azerbaijan to India have increased at an annualized rate of 3.07%, from $821M in 2018 to $955M in 2023.

In 2018, India exported $219M to Azerbaijan. The main products exported from India to Azerbaijan were Rice ($42.3M), Processed Tobacco ($26.4M), and Broadcasting Equipment ($19.9M). During the last 5 years the exports of India to Azerbaijan have increased at an annualized rate of 16.6%, from $101M in 2023 to $219M in 2018.

Exports from Azerbaijan (Flag) to India (Flag) (2023)

Exports from India (Flag) to Azerbaijan (Flag) (2023)

Latest Data

Trade between Azerbaijan (Flag) and India (Flag)

Azerbaijan Exports

India Exports

Market Competitiveness

Color
Azerbaijan
Top DestinationItaly$11.4B
India
Top DestinationUnited States$85.5B

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

In 2023, countries that imported more from Azerbaijan than India included Italy ($11.4B), Georgia ($654M), and Croatia ($754M).

In 2023, countries that imported more from India than Azerbaijan included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

Difference in imports from India (Flag) and Azerbaijan (Flag) (2023)

Comparative Advantage Azerbaijan - India

Flow
Scale

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

During 2023, Azerbaijan had a large net trade with India in the exports of Mineral Products ($945M), Chemical Products ($8.79M), and Animal Hides ($777k).

During 2018, India had a large net trade with Azerbaijan in the exports of Vegetable Products ($53M), Machines ($48.4M), and Chemical Products ($30.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Azerbaijan India+$1.08BCrude Petroleum
Top Product Potential India Azerbaijan+$23.4MPackaged Medicaments

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

Product Space of Azerbaijan (Flag) and India (Flag) (2023)

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