2022
Flag  
GDP
$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 140 / 186
2022
Flag
 GDP
$80.4BCURRENT US$
Rnk 72 / 186
2012-2022
Flag
GDP GROWTH
19.1%CURRENT US$
Rnk 123 / 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
$2,255CURRENT US$
Rnk 143 / 186
2012-2022
Flag
GDP PC GROWTH
-0.55%CURRENT US$
Rnk 146 / 186

About

Azerbaijan-Uzbekistan Trade: In 2022, Azerbaijan exported $47.9M to Uzbekistan. The main products that Azerbaijan exported to Uzbekistan were Copper Ore ($18.8M), Raw Aluminium ($11.1M), and Other Nuts ($3.08M). Over the past 5 years the exports of Azerbaijan to Uzbekistan have increased at an annualized rate of 60.1%, from $4.56M in 2017 to $47.9M in 2022.

In 2008, Azerbaijan exported services to Uzbekistan worth $4.15M, with Transportation ($2.18M), Travel ($1.82M), and Services not allocated ($157k) being the largest in terms of value.

Uzbekistan-Azerbaijan Trade: In 2022, Uzbekistan exported $128M to Azerbaijan. The main products that Uzbekistan exported to Azerbaijan were Processed Tobacco ($17.2M), Copper Wire ($10.1M), and Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) ($10.1M). Over the past 5 years the exports of Uzbekistan to Azerbaijan have increased at an annualized rate of 38.5%,  from $25.2M in 2017 to $128M in 2022.

In 2022, Uzbekistan 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, Uzbekistan ranked 79 in the Economic Complexity Index (ECI -0.28), and 83 in total exports ($16.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Azerbaijan exported $47.9M to Uzbekistan. The main products exported from Azerbaijan to Uzbekistan were Copper Ore ($18.8M), Raw Aluminium ($11.1M), and Other Nuts ($3.08M). During the last 5 years the exports of Azerbaijan to Uzbekistan have increased at an annualized rate of 60.1%, from $4.56M in 2017 to $47.9M in 2022.

In 2017, Uzbekistan exported $128M to Azerbaijan. The main products exported from Uzbekistan to Azerbaijan were Processed Tobacco ($17.2M), Copper Wire ($10.1M), and Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) ($10.1M). During the last 5 years the exports of Uzbekistan to Azerbaijan have increased at an annualized rate of 38.5%, from $25.2M in 2022 to $128M in 2017.

Exports from Azerbaijan (Flag) to Uzbekistan (Flag) (2022)

Exports from Uzbekistan (Flag) to Azerbaijan (Flag) (2022)

Latest Data

Trade between Azerbaijan (Flag) and Uzbekistan (Flag)

Azerbaijan Exports

Uzbekistan Exports

Market Competitiveness

Color
Azerbaijan
Top Destination
Italy$18.3B
Uzbekistan
Top Destination
Switzerland$4.29B

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

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

In 2022, countries that imported more from Uzbekistan than Azerbaijan included Switzerland ($4.29B), China ($1.98B), and Russia ($2.6B).

Difference in imports from Uzbekistan (Flag) and Azerbaijan (Flag) (2022)

Comparative Advantage Azerbaijan - Uzbekistan

Flow
Scale

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

During 2022, Azerbaijan had a large net trade with Uzbekistan in the exports of Mineral Products ($20.8M), Metals ($13M), and Vegetable Products ($3.6M).

During 2017, Uzbekistan had a large net trade with Azerbaijan in the exports of Machines ($26M), Foodstuffs ($20.7M), and Textiles ($20.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Azerbaijan Uzbekistan+$1.36MRefined Petroleum
Top Product Potential Uzbekistan Azerbaijan+$489kCars

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 Uzbekistan. This means that a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Uzbekistan. Similarly, a dot/product with the flag of Uzbekistan indicates it has a comparative advantage over Azerbaijan.

Product Space of Azerbaijan (Flag) and Uzbekistan (Flag) (2022)

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