NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $93.6kRnk 101 / 137
2023
Flag → Flag
Top Product $75.6kOther Fruits
2023
Flag → Flag
Exports $3.77MRnk 56 / 157
2023
Flag → Flag
Top Product $3.28MNon-fillet Frozen Fish
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 84 / 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$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 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$79,637CURRENT US$
Rnk 11 / 196
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195

About

Azerbaijan-Iceland Trade: In 2023, Azerbaijan exported $93.6k to Iceland. The main products that Azerbaijan exported to Iceland were Other Fruits ($75.6k), Citrus ($15.7k), and Melons ($2.25k). Over the past 5 years the exports of Azerbaijan to Iceland have increased at an annualized rate of 19%, from $39.3k in 2018 to $93.6k in 2023.

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

Iceland-Azerbaijan Trade: In 2023, Iceland exported $3.77M to Azerbaijan. The main products that Iceland exported to Azerbaijan were Non-fillet Frozen Fish ($3.28M), Orthopedic Appliances ($149k), and Other Edible Preparations ($118k). Over the past 5 years the exports of Iceland to Azerbaijan have increased at an annualized rate of 20.8%,  from $1.46M in 2018 to $3.77M in 2023.

In 2023, Iceland 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, Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Azerbaijan exported $93.6k to Iceland. The main products exported from Azerbaijan to Iceland were Other Fruits ($75.6k), Citrus ($15.7k), and Melons ($2.25k). During the last 5 years the exports of Azerbaijan to Iceland have increased at an annualized rate of 19%, from $39.3k in 2018 to $93.6k in 2023.

In 2018, Iceland exported $3.77M to Azerbaijan. The main products exported from Iceland to Azerbaijan were Non-fillet Frozen Fish ($3.28M), Orthopedic Appliances ($149k), and Other Edible Preparations ($118k). During the last 5 years the exports of Iceland to Azerbaijan have increased at an annualized rate of 20.8%, from $1.46M in 2023 to $3.77M in 2018.

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

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

Latest Data

Trade between Azerbaijan (Flag) and Iceland (Flag)

Azerbaijan Exports

Iceland Exports

Market Competitiveness

Color
Azerbaijan
Top DestinationItaly$11.4B
Iceland
Top DestinationNetherlands$1.97B

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

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

In 2023, countries that imported more from Iceland than Azerbaijan included Netherlands ($1.97B), United States ($735M), and Norway ($444M).

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

Comparative Advantage Azerbaijan - Iceland

Flow
Scale

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

During 2023, Azerbaijan had a large net trade with Iceland in the exports of Vegetable Products ($93.6k).

During 2018, Iceland had a large net trade with Azerbaijan in the exports of Animal Products ($3.33M), Foodstuffs ($203k), and Instruments ($149k).

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms