Azerbaijan (AZE) and Ireland (IRL) Trade | The Observatory of Economic Complexity

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Azerbaijan-Ireland Trade: In 2023, Azerbaijan exported $379M to Ireland. The main products that Azerbaijan exported to Ireland were Crude Petroleum ($376M), Electric Generating Sets ($2.06M), and Float Glass ($1.01M). Over the past 5 years the exports of Azerbaijan to Ireland have increased at an annualized rate of 302%, from $359k in 2018 to $379M in 2023.

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

Ireland-Azerbaijan Trade: In 2023, Ireland exported $37.8M to Azerbaijan. The main products that Ireland exported to Azerbaijan were Packaged Medicaments ($7.59M), Other Edible Preparations ($6.04M), and Jewellery ($4.96M). Over the past 5 years the exports of Ireland to Azerbaijan have increased at an annualized rate of 13.2%, from $20.3M in 2018 to $37.8M in 2023.

In 2023, Ireland 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, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Azerbaijan exported $379M to Ireland. The main products exported from Azerbaijan to Ireland were Crude Petroleum ($376M), Electric Generating Sets ($2.06M), and Float Glass ($1.01M). During the last 5 years the exports of Azerbaijan to Ireland have increased at an annualized rate of 302%, from $359k in 2018 to $379M in 2023.

In 2018, Ireland exported $37.8M to Azerbaijan. The main products exported from Ireland to Azerbaijan were Packaged Medicaments ($7.59M), Other Edible Preparations ($6.04M), and Jewellery ($4.96M). During the last 5 years the exports of Ireland to Azerbaijan have increased at an annualized rate of 13.2%, from $20.3M in 2023 to $37.8M in 2018.

Exports from Azerbaijan () to Ireland () (2023)

Exports from Ireland () to Azerbaijan () (2023)

Latest Data

Trade between Azerbaijan () and Ireland ()

Azerbaijan Exports

Date

Ireland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$11.4B

Ireland
Top DestinationUnited States$67.4B

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

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

In 2023, countries that imported more from Ireland than Azerbaijan included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

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

Comparative Advantage Azerbaijan - Ireland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Azerbaijan had a large net trade with Ireland in the exports of Mineral Products ($376M), Machines ($2.08M), and Stone And Glass ($1.01M).

During 2018, Ireland had a large net trade with Azerbaijan in the exports of Chemical Products ($12.5M), Foodstuffs ($10.4M), and Precious Metals ($4.96M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Azerbaijan Ireland+$1.06MRefined Petroleum

Top Product Potential Ireland Azerbaijan+$7.69MPackaged 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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Ireland () (2023)

Exports from Ireland () to Azerbaijan () (2023)

Latest Data

Trade between Azerbaijan () and Ireland ()

Azerbaijan Exports

Ireland Exports

Market Competitiveness

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

Comparative Advantage Azerbaijan - Ireland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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