Azerbaijan / Serbia

Azerbaijan-Serbia Trade: In 2023, Azerbaijan exported $73.6M to Serbia. The main products that Azerbaijan exported to Serbia were Crude Petroleum ($67.4M), Nitrogenous Fertilizers ($5.1M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($543k). Over the past 5 years the exports of Azerbaijan to Serbia have increased at an annualized rate of 219%, from $222k in 2018 to $73.6M in 2023.

In 2023, Azerbaijan did not export any services to Serbia.

Serbia-Azerbaijan Trade: In 2023, Serbia exported $16.3M to Azerbaijan. The main products that Serbia exported to Azerbaijan were Cellulose Fibers Paper ($2.19M), Explosive Ammunition ($1.67M), and Packaged Medicaments ($1.46M). Over the past 5 years the exports of Serbia to Azerbaijan have increased at an annualized rate of 27.1%,  from $4.92M in 2018 to $16.3M in 2023.

In 2009, Serbia exported services to Azerbaijan worth $544k, with Compensation of employees ($292k), Personal, cultural, and recreational services ($125k), and Workers' remittances ($102k) 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, Serbia ranked 35 in the Economic Complexity Index (ECI 0.76), and 69 in total exports ($32.6B).