Azerbaijan / South Korea

Azerbaijan-South Korea Trade: In 2022, Azerbaijan exported $1.19M to South Korea. The main products that Azerbaijan exported to South Korea were Refined Petroleum ($221k), Oscilloscopes ($143k), and Insulated Wire ($143k). Over the past 5 years the exports of Azerbaijan to South Korea have increased at an annualized rate of 3.06%, from $1.03M in 2017 to $1.19M in 2022.

In 2022, Azerbaijan did not export any services to South Korea.

South Korea-Azerbaijan Trade: In 2022, South Korea exported $218M to Azerbaijan. The main products that South Korea exported to Azerbaijan were Cars ($111M), Gas Turbines ($18M), and Large Construction Vehicles ($11.5M). Over the past 5 years the exports of South Korea to Azerbaijan have increased at an annualized rate of 21.7%,  from $67.2M in 2017 to $218M in 2022.

In 2022, South Korea did not export any services to Azerbaijan.

Comparison: In 2022,  Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).