Switzerland (CHE) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Switzerland-Azerbaijan Trade: In 2023, Switzerland exported $97.8M to Azerbaijan. The main products that Switzerland exported to Azerbaijan were Packaged Medicaments ($23.9M), Integrated Circuits ($12M), and Base Metal Watches ($9.3M). Over the past 5 years the exports of Switzerland to Azerbaijan have decreased at an annualized rate of 20.9%, from $316M in 2018 to $97.8M in 2023.

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

Azerbaijan-Switzerland Trade: In 2023, Azerbaijan exported $193M to Switzerland. The main products that Azerbaijan exported to Switzerland were Gold ($161M), Crude Petroleum ($16.3M), and Other Nuts ($6.7M). Over the past 5 years the exports of Azerbaijan to Switzerland have increased at an annualized rate of 1.91%, from $175M in 2018 to $193M in 2023.

In 2008, Azerbaijan exported services to Switzerland worth $91M, with Transportation ($71.9M), Services not allocated ($16.8M), and Construction services ($2.3M) being the largest in terms of value.

Comparison: In 2023, Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B). That same year, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Switzerland exported $97.8M to Azerbaijan. The main products exported from Switzerland to Azerbaijan were Packaged Medicaments ($23.9M), Integrated Circuits ($12M), and Base Metal Watches ($9.3M). During the last 5 years the exports of Switzerland to Azerbaijan have decreased at an annualized rate of 20.9%, from $316M in 2018 to $97.8M in 2023.

In 2018, Azerbaijan exported $193M to Switzerland. The main products exported from Azerbaijan to Switzerland were Gold ($161M), Crude Petroleum ($16.3M), and Other Nuts ($6.7M). During the last 5 years the exports of Azerbaijan to Switzerland have increased at an annualized rate of 1.91%, from $175M in 2023 to $193M in 2018.

Exports from Switzerland () to Azerbaijan () (2023)

Exports from Azerbaijan () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Azerbaijan ()

Switzerland Exports

Date

Azerbaijan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Switzerland
Top DestinationGermany$53.8B

Azerbaijan
Top DestinationItaly$11.4B

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

In 2023, countries that imported more from Switzerland than Azerbaijan included Germany ($53.8B), China ($47.7B), and United States ($45.1B).

In 2023, countries that imported more from Azerbaijan than Switzerland included Greece ($1.27B), Croatia ($754M), and Georgia ($654M).

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

Comparative Advantage Switzerland - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Switzerland had a large net trade with Azerbaijan in the exports of Machines ($34.4M), Chemical Products ($29.6M), and Instruments ($20M).

During 2018, Azerbaijan had a large net trade with Switzerland in the exports of Precious Metals ($163M), Mineral Products ($19.2M), and Vegetable Products ($6.71M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Switzerland Azerbaijan+$16.4MPackaged Medicaments

Top Product Potential Azerbaijan Switzerland+$54.1MCrude 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 Switzerland and Azerbaijan. This means that a dot/product with the flag of Switzerland indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Switzerland.

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Historical Data

Bilateral Trade by Products

Exports from Switzerland () to Azerbaijan () (2023)

Exports from Azerbaijan () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Azerbaijan ()

Switzerland Exports

Azerbaijan Exports

Market Competitiveness

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

Comparative Advantage Switzerland - Azerbaijan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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