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

2023
Flag → Flag
Exports $5.27MRnk 60 / 137
2023
Flag → Flag
Top Product $1.7MRefined Petroleum
2023
Flag → Flag
Exports $28.1MRnk 101 / 182
2023
Flag → Flag
Top Product $12.4MEthylene Polymers
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 36 / 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$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP GROWTH41.6%CURRENT US$
Rnk 90 / 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$32,094CURRENT US$
Rnk 44 / 196
2013-2023
Flag
GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195

About

Azerbaijan-Saudi Arabia Trade: In 2023, Azerbaijan exported $5.27M to Saudi Arabia. The main products that Azerbaijan exported to Saudi Arabia were Refined Petroleum ($1.7M), Surveying Equipment ($625k), and Other Furniture ($577k). Over the past 5 years the exports of Azerbaijan to Saudi Arabia have increased at an annualized rate of 40%, from $980k in 2018 to $5.27M in 2023.

In 2008, Azerbaijan exported services to Saudi Arabia worth $2.04M, with Construction services ($2.04M) being the largest in terms of value.

Saudi Arabia-Azerbaijan Trade: In 2023, Saudi Arabia exported $28.1M to Azerbaijan. The main products that Saudi Arabia exported to Azerbaijan were Ethylene Polymers ($12.4M), Propylene Polymers ($7.76M), and Cheese ($1.89M). Over the past 5 years the exports of Saudi Arabia to Azerbaijan have increased at an annualized rate of 6.34%,  from $20.7M in 2018 to $28.1M in 2023.

In 2023, Saudi Arabia 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, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Azerbaijan exported $5.27M to Saudi Arabia. The main products exported from Azerbaijan to Saudi Arabia were Refined Petroleum ($1.7M), Surveying Equipment ($625k), and Other Furniture ($577k). During the last 5 years the exports of Azerbaijan to Saudi Arabia have increased at an annualized rate of 40%, from $980k in 2018 to $5.27M in 2023.

In 2018, Saudi Arabia exported $28.1M to Azerbaijan. The main products exported from Saudi Arabia to Azerbaijan were Ethylene Polymers ($12.4M), Propylene Polymers ($7.76M), and Cheese ($1.89M). During the last 5 years the exports of Saudi Arabia to Azerbaijan have increased at an annualized rate of 6.34%, from $20.7M in 2023 to $28.1M in 2018.

Exports from Azerbaijan (Flag) to Saudi Arabia (Flag) (2023)

Exports from Saudi Arabia (Flag) to Azerbaijan (Flag) (2023)

Latest Data

Trade between Azerbaijan (Flag) and Saudi Arabia (Flag)

Azerbaijan Exports

Saudi Arabia Exports

Market Competitiveness

Color
Azerbaijan
Top DestinationItaly$11.4B
Saudi Arabia
Top DestinationChina$64.4B

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

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

In 2023, countries that imported more from Saudi Arabia than Azerbaijan included China ($64.4B), Japan ($34.7B), and India ($34.8B).

Difference in imports from Saudi Arabia (Flag) and Azerbaijan (Flag) (2023)

Comparative Advantage Azerbaijan - Saudi Arabia

Flow
Scale

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

During 2023, Azerbaijan had a large net trade with Saudi Arabia in the exports of Mineral Products ($1.7M), Vegetable Products ($794k), and Instruments ($786k).

During 2018, Saudi Arabia had a large net trade with Azerbaijan in the exports of Plastics and Rubbers ($21.7M), Animal Products ($2.31M), and Chemical Products ($2.04M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Azerbaijan Saudi Arabia+$783kChocolate
Top Product Potential Saudi Arabia Azerbaijan+$5.07MEthylene Polymers

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

Product Space of Azerbaijan (Flag) and Saudi Arabia (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