Azerbaijan (AZE) and Turkey (TUR) Trade | The Observatory of Economic Complexity

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Azerbaijan-Turkey Trade: In 2022, Azerbaijan exported $3.57B to Turkey. The main products that Azerbaijan exported to Turkey were Petroleum Gas ($2.21B), Crude Petroleum ($502M), and Raw Cotton ($162M). Over the past 5 years the exports of Azerbaijan to Turkey have increased at an annualized rate of 20%, from $1.44B in 2017 to $3.57B in 2022.

In 2008, Azerbaijan exported services to Turkey worth $95.8M, with Transportation ($49.9M), Services not allocated ($29.7M), and Travel ($14.3M) being the largest in terms of value.

Turkey-Azerbaijan Trade: In 2022, Turkey exported $2.5B to Azerbaijan. The main products that Turkey exported to Azerbaijan were Iron Structures ($59.3M), Packaged Medicaments ($55.4M), and Refined Petroleum ($50.7M). Over the past 5 years the exports of Turkey to Azerbaijan have increased at an annualized rate of 11.1%, from $1.47B in 2017 to $2.5B in 2022.

In 2022, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Azerbaijan exported $3.57B to Turkey. The main products exported from Azerbaijan to Turkey were Petroleum Gas ($2.21B), Crude Petroleum ($502M), and Raw Cotton ($162M). During the last 5 years the exports of Azerbaijan to Turkey have increased at an annualized rate of 20%, from $1.44B in 2017 to $3.57B in 2022.

In 2017, Turkey exported $2.5B to Azerbaijan. The main products exported from Turkey to Azerbaijan were Iron Structures ($59.3M), Packaged Medicaments ($55.4M), and Refined Petroleum ($50.7M). During the last 5 years the exports of Turkey to Azerbaijan have increased at an annualized rate of 11.1%, from $1.47B in 2022 to $2.5B in 2017.

Exports from Azerbaijan () to Turkey () (2022)

Exports from Turkey () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Turkey ()

Azerbaijan Exports

Date

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$18.3B

Turkey
Top DestinationGermany$21.9B

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

In 2022, countries that imported more from Azerbaijan than Turkey included Italy ($18.3B), Croatia ($990M), and Indonesia ($612M).

In 2022, countries that imported more from Turkey than Azerbaijan included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

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

Comparative Advantage Azerbaijan - Turkey

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Azerbaijan had a large net trade with Turkey in the exports of Mineral Products ($3B), Metals ($193M), and Textiles ($192M).

During 2017, Turkey had a large net trade with Azerbaijan in the exports of Machines ($601M), Chemical Products ($340M), and Metals ($275M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Azerbaijan Turkey+$433MCrude Petroleum

Top Product Potential Turkey Azerbaijan+$31.6MRefined 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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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Turkey () (2022)

Exports from Turkey () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Turkey ()

Azerbaijan Exports

Turkey Exports

Market Competitiveness

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

Comparative Advantage Azerbaijan - Turkey

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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