Azerbaijan (AZE) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Azerbaijan-Russia Trade: In 2023, Azerbaijan exported $1.2B to Russia. The main products that Azerbaijan exported to Russia were Other Fruits ($176M), Propylene Polymers ($164M), and Tomatoes ($157M). Over the past 5 years the exports of Azerbaijan to Russia have increased at an annualized rate of 11.7%, from $688M in 2018 to $1.2B in 2023.

In 2008, Azerbaijan exported services to Russia worth $229M, with Transportation ($118M), Services not allocated ($62M), and Travel ($27.4M) being the largest in terms of value.

Russia-Azerbaijan Trade: In 2023, Russia exported $3.16B to Azerbaijan. The main products that Russia exported to Azerbaijan were Crude Petroleum ($729M), Wheat ($252M), and Petroleum Gas ($143M). Over the past 5 years the exports of Russia to Azerbaijan have increased at an annualized rate of 6.44%, from $1.92B in 2018 to $3.16B in 2023.

In 2020, Russia exported services to Azerbaijan worth $227M, with Travel ($122M), Transportation ($41.6M), and Other business services ($29.1M) being the largest in terms of value.

Comparison: In 2023, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B). That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Azerbaijan exported $1.2B to Russia. The main products exported from Azerbaijan to Russia were Other Fruits ($176M), Propylene Polymers ($164M), and Tomatoes ($157M). During the last 5 years the exports of Azerbaijan to Russia have increased at an annualized rate of 11.7%, from $688M in 2018 to $1.2B in 2023.

In 2018, Russia exported $3.16B to Azerbaijan. The main products exported from Russia to Azerbaijan were Crude Petroleum ($729M), Wheat ($252M), and Petroleum Gas ($143M). During the last 5 years the exports of Russia to Azerbaijan have increased at an annualized rate of 6.44%, from $1.92B in 2023 to $3.16B in 2018.

Exports from Azerbaijan () to Russia () (2023)

Exports from Russia () to Azerbaijan () (2023)

Latest Data

Trade between Azerbaijan () and Russia ()

Azerbaijan Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$11.4B

Russia
Top DestinationChina$129B

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

In 2023, countries that imported more from Azerbaijan than Russia included Italy ($11.4B), Croatia ($754M), and Vietnam ($346M).

In 2023, countries that imported more from Russia than Azerbaijan included China ($129B), India ($66.1B), and Turkey ($31B).

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

Comparative Advantage Azerbaijan - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Azerbaijan had a large net trade with Russia in the exports of Vegetable Products ($621M), Plastics and Rubbers ($266M), and Mineral Products ($98M).

During 2018, Russia had a large net trade with Azerbaijan in the exports of Mineral Products ($1B), Metals ($482M), and Vegetable Products ($348M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Azerbaijan Russia+$16.2MRefined Petroleum

Top Product Potential Russia Azerbaijan+$75.6MCrude 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.

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Bilateral Service Trade

Rus Year

Aze Year

In 2008, Azerbaijan exported services to Russia worth $229M, with Transportation ($118M), Services not allocated ($62M), and Travel ($27.4M) being the largest in terms of value.

In 2020, Russia exported services to Azerbaijan worth $227M, with Travel ($122M), Transportation ($41.6M), and Other business services ($29.1M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Azerbaijan () to Russia () (2008)

Services Exports from Russia () to Azerbaijan () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Russia () (2023)

Exports from Russia () to Azerbaijan () (2023)

Latest Data

Trade between Azerbaijan () and Russia ()

Azerbaijan Exports

Russia Exports

Market Competitiveness

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

Comparative Advantage Azerbaijan - Russia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Azerbaijan () to Russia () (2008)

Services Exports from Russia () to Azerbaijan () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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