Azerbaijan (AZE) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

About

Azerbaijan-Iraq Trade: In 2023, Azerbaijan exported $19.5M to Iraq. The main products that Azerbaijan exported to Iraq were Refined Petroleum ($4.95M), Seed Oils ($2.44M), and Bran ($2.31M). Over the past 5 years the exports of Azerbaijan to Iraq have increased at an annualized rate of 6.11%, from $14.5M in 2018 to $19.5M in 2023.

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

Iraq-Azerbaijan Trade: In 2023, Iraq exported $120k to Azerbaijan. The main products that Iraq exported to Azerbaijan were Scrap Iron ($70.6k), Refined Petroleum ($31.9k), and Dried Fruits ($8.44k). Over the past 5 years the exports of Iraq to Azerbaijan have increased at an annualized rate of 3.57%, from $101k in 2018 to $120k in 2023.

In 2023, Iraq 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, Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Azerbaijan exported $19.5M to Iraq. The main products exported from Azerbaijan to Iraq were Refined Petroleum ($4.95M), Seed Oils ($2.44M), and Bran ($2.31M). During the last 5 years the exports of Azerbaijan to Iraq have increased at an annualized rate of 6.11%, from $14.5M in 2018 to $19.5M in 2023.

In 2018, Iraq exported $120k to Azerbaijan. The main products exported from Iraq to Azerbaijan were Scrap Iron ($70.6k), Refined Petroleum ($31.9k), and Dried Fruits ($8.44k). During the last 5 years the exports of Iraq to Azerbaijan have increased at an annualized rate of 3.57%, from $101k in 2023 to $120k in 2018.

Exports from Azerbaijan () to Iraq () (2023)

Exports from Iraq () to Azerbaijan () (2023)

Latest Data

Trade between Azerbaijan () and Iraq ()

Azerbaijan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$11.4B

Iraq
Top DestinationChina$35.5B

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

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

In 2023, countries that imported more from Iraq than Azerbaijan included China ($35.5B), India ($29.8B), and United States ($8.92B).

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

Comparative Advantage Azerbaijan - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Azerbaijan had a large net trade with Iraq in the exports of Animal and Vegetable Bi-Products ($6.69M), Foodstuffs ($5.86M), and Mineral Products ($4.95M).

During 2018, Iraq had a large net trade with Azerbaijan in the exports of Metals ($70.6k), Mineral Products ($31.9k), and Vegetable Products ($15.3k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Azerbaijan Iraq+$6.59MRefined Petroleum

Top Product Potential Iraq Azerbaijan+$1.85MRefined Petroleum

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Iraq () (2023)

Exports from Iraq () to Azerbaijan () (2023)

Latest Data

Trade between Azerbaijan () and Iraq ()

Azerbaijan Exports

Market Competitiveness

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

Comparative Advantage Azerbaijan - Iraq

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring