2022
Flag  
GDP
$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 140 / 186
2022
Flag
 GDP
$247BCURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP GROWTH
40.3%CURRENT US$
Rnk 82 / 186
2022
Flag
GDP PC 
$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH
3.21%CURRENT US$
Rnk 134 / 186
2022
Flag
GDP PC
$48,249CURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP PC GROWTH
20.7%CURRENT US$
Rnk 86 / 186

About

Azerbaijan-New Zealand Trade: In 2022, Azerbaijan exported $190k to New Zealand. The main products that Azerbaijan exported to New Zealand were Animal Food ($112k), Fruit Juice ($67.9k), and Processed Fish ($5.48k). Over the past 5 years the exports of Azerbaijan to New Zealand have increased at an annualized rate of 10.8%, from $114k in 2017 to $190k in 2022.

In 2022, Azerbaijan did not export any services to New Zealand.

New Zealand-Azerbaijan Trade: In 2022, New Zealand exported $17.8M to Azerbaijan. The main products that New Zealand exported to Azerbaijan were Butter ($16M), Non-fillet Frozen Fish ($429k), and Malt Extract ($394k). Over the past 5 years the exports of New Zealand to Azerbaijan have decreased at an annualized rate of 15.6%,  from $49.3M in 2017 to $17.8M in 2022.

In 2022, New Zealand 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, New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Azerbaijan exported $190k to New Zealand. The main products exported from Azerbaijan to New Zealand were Animal Food ($112k), Fruit Juice ($67.9k), and Processed Fish ($5.48k). During the last 5 years the exports of Azerbaijan to New Zealand have increased at an annualized rate of 10.8%, from $114k in 2017 to $190k in 2022.

In 2017, New Zealand exported $17.8M to Azerbaijan. The main products exported from New Zealand to Azerbaijan were Butter ($16M), Non-fillet Frozen Fish ($429k), and Malt Extract ($394k). During the last 5 years the exports of New Zealand to Azerbaijan have decreased at an annualized rate of 15.6%, from $49.3M in 2022 to $17.8M in 2017.

Exports from Azerbaijan (Flag) to New Zealand (Flag) (2022)

Exports from New Zealand (Flag) to Azerbaijan (Flag) (2022)

Market Competitiveness

Color
Azerbaijan
Top Destination
Italy$18.3B
New Zealand
Top Destination
China$13.1B

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

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

In 2022, countries that imported more from New Zealand than Azerbaijan included China ($13.1B), Australia ($5.35B), and United States ($5.07B).

Difference in imports from New Zealand (Flag) and Azerbaijan (Flag) (2022)

Comparative Advantage Azerbaijan - New Zealand

Flow
Scale

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

During 2022, Azerbaijan had a large net trade with New Zealand in the exports of Foodstuffs ($186k), Mineral Products ($1.66k), and Metals ($1.12k).

During 2017, New Zealand had a large net trade with Azerbaijan in the exports of Animal Products ($16.5M), Foodstuffs ($448k), and Vegetable Products ($297k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Azerbaijan New Zealand+$56.2kFruit Juice
Top Product Potential New Zealand Azerbaijan+$420kMalt Extract

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

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

Product Space of Azerbaijan (Flag) and New Zealand (Flag) (2022)

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