Azerbaijan (AZE) and Norway (NOR) Trade | The Observatory of Economic Complexity

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Azerbaijan-Norway Trade: In 2022, Azerbaijan exported $69.2M to Norway. The main products that Azerbaijan exported to Norway were Crude Petroleum ($64.3M), Packing Bags ($3.45M), and Engine Parts ($259k). Over the past 5 years the exports of Azerbaijan to Norway have increased at an annualized rate of 58.6%, from $6.9M in 2017 to $69.2M in 2022.

In 2008, Azerbaijan exported services to Norway worth $680k, with Travel ($680k) being the largest in terms of value.

Norway-Azerbaijan Trade: In 2022, Norway exported $69.7M to Azerbaijan. The main products that Norway exported to Azerbaijan were Other Sea Vessels ($36.8M), Excavation Machinery ($7.83M), and Other Iron Products ($4.76M). Over the past 5 years the exports of Norway to Azerbaijan have decreased at an annualized rate of 9.36%, from $126M in 2017 to $69.7M in 2022.

In 2022, Norway 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, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Azerbaijan exported $69.2M to Norway. The main products exported from Azerbaijan to Norway were Crude Petroleum ($64.3M), Packing Bags ($3.45M), and Engine Parts ($259k). During the last 5 years the exports of Azerbaijan to Norway have increased at an annualized rate of 58.6%, from $6.9M in 2017 to $69.2M in 2022.

In 2017, Norway exported $69.7M to Azerbaijan. The main products exported from Norway to Azerbaijan were Other Sea Vessels ($36.8M), Excavation Machinery ($7.83M), and Other Iron Products ($4.76M). During the last 5 years the exports of Norway to Azerbaijan have decreased at an annualized rate of 9.36%, from $126M in 2022 to $69.7M in 2017.

Exports from Azerbaijan () to Norway () (2022)

Exports from Norway () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Norway ()

Azerbaijan Exports

Date

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$18.3B

Norway
Top DestinationGermany$78.1B

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

In 2022, countries that imported more from Azerbaijan than Norway included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

In 2022, countries that imported more from Norway than Azerbaijan included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

Difference in imports from Norway () and Azerbaijan () (2022)

Comparative Advantage Azerbaijan - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Azerbaijan had a large net trade with Norway in the exports of Mineral Products ($64.3M), Textiles ($3.47M), and Machines ($1.17M).

During 2017, Norway had a large net trade with Azerbaijan in the exports of Transportation ($37.5M), Machines ($17.2M), and Metals ($9.14M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Azerbaijan Norway+$17.5MCrude Petroleum

Top Product Potential Norway Azerbaijan+$661kPackaged 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 Norway. This means that a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Norway. Similarly, a dot/product with the flag of Norway indicates it has a comparative advantage over Azerbaijan.

About

Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Norway () (2022)

Exports from Norway () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Norway ()

Azerbaijan Exports

Norway Exports

Market Competitiveness

Difference in imports from Norway () and Azerbaijan () (2022)

Comparative Advantage Azerbaijan - Norway

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Azerbaijan () and Norway () (2022)

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