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2022
Flag → Flag
Exports $541MRnk 85 / 223
2022
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Top Product $102MCars
2022
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Exports $640MRnk 12 / 141
2022
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Top Product $608MCrude Petroleum
2022
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Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
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Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
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GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
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GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
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 GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
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GDP PC $48,432CURRENT US$
Rnk 21 / 186
2012-2022
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GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186
2022
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GDP PC$7,737CURRENT US$
Rnk 87 / 186
2012-2022
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GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186

About

Germany-Azerbaijan Trade: In 2022, Germany exported $541M to Azerbaijan. The main products that Germany exported to Azerbaijan were Cars ($102M), Packaged Medicaments ($34.3M), and Tractors ($20M). Over the past 5 years the exports of Germany to Azerbaijan have increased at an annualized rate of 4.35%, from $437M in 2017 to $541M in 2022.

In 2022, Germany did not export any services to Azerbaijan.

Azerbaijan-Germany Trade: In 2022, Azerbaijan exported $640M to Germany. The main products that Azerbaijan exported to Germany were Crude Petroleum ($608M), Other Nuts ($19.4M), and Refined Petroleum ($3.25M). Over the past 5 years the exports of Azerbaijan to Germany have increased at an annualized rate of 5.94%,  from $453M in 2017 to $640M in 2022.

In 2008, Azerbaijan exported services to Germany worth $35.4M, with Services not allocated ($12.8M), Transportation ($10.4M), and Travel ($7.17M) being the largest in terms of value.

Comparison: In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Latest Trends

August, 2024

About

Overview In August 2024, Germany exported €51.1M and imported €205M from Azerbaijan, resulting in a negative trade balance of €154M. Between August 2023 and August 2024 the exports of Germany have increased by €4.02M (8.54%) from €47.1M to €51.1M, while imports increased by €144M (237%) from €60.8M to €205M.

Trade In August 2024, the top exports of Germany to Azerbaijan were Motor cars and motor caravans (€7.74M), Pharmaceutical products (€4.4M), Other chemical final products (€2.21M), Other machinery (€2.01M), and Medical, surgical equipment, orthopaedic apparatus (€1.97M). In August 2024 the top imports of Germany from Azerbaijan were Petroleum oil and petroleum gases (€42.7M), Nuts and dried fruits (€3.91M), Other raw materials inclusive waste (€208k), Ferro-alloys (€195k), and Other prefabricated chemicals (€56k).

Origins In August 2024 the exports of Germany were mainly from Baden-Württemberg (€9.92M), North Rhine-Westphalia (€4.96M), Bavaria (€4.68M), Lower Saxony (€4.67M), and Saxony (€2.11M), while imports destinations were mainly Bavaria (€106M), Baden-Württemberg (€98.3M), North Rhine-Westphalia (€206k), and Hesse (€147k).

Growth In August 2024, the increase in Germany's year-by-year exports to Azerbaijan was explained primarily by an increase in product exports in Motor cars and motor caravans (€4.83M or 166%), Medical, surgical equipment, orthopaedic apparatus (€1.47M or 291%), and Other chemical final products (€1.4M or 172%). In August 2024, the increase in Germany's year-by-year imports  from Azerbaijan was explained primarily by an increase in product imports  in Nuts and dried fruits (€1.97M or 101%) and Ferro-alloys (€166k or 572%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€4.02M(8.54%)
IMPORT GROWTH (August 2023 - August 2024)€144M(237%)
MAIN EXPORTER (August 2024)Baden-Württemberg€9.92M

This section shows exports and imports data at subnational level for Germany. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Germany over time.

To check Azerbaijan and Germany trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Azerbaijan and Germany Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $541M to Azerbaijan. The main products exported from Germany to Azerbaijan were Cars ($102M), Packaged Medicaments ($34.3M), and Tractors ($20M). During the last 5 years the exports of Germany to Azerbaijan have increased at an annualized rate of 4.35%, from $437M in 2017 to $541M in 2022.

In 2017, Azerbaijan exported $640M to Germany. The main products exported from Azerbaijan to Germany were Crude Petroleum ($608M), Other Nuts ($19.4M), and Refined Petroleum ($3.25M). During the last 5 years the exports of Azerbaijan to Germany have increased at an annualized rate of 5.94%, from $453M in 2022 to $640M in 2017.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$153B
Azerbaijan
Top DestinationItaly$18.3B

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

In 2022, countries that imported more from Germany than Azerbaijan included United States ($153B), France ($120B), and China ($109B).

In 2022, no countries were registered that imported more from Azerbaijan than from Germany.

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

Comparative Advantage Germany - Azerbaijan

Flow
Scale

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

During 2022, Germany had a large net trade with Azerbaijan in the exports of Transportation ($167M), Machines ($127M), and Chemical Products ($74.1M).

During 2017, Azerbaijan had a large net trade with Germany in the exports of Mineral Products ($614M), Vegetable Products ($20.3M), and Metals ($1.43M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Azerbaijan+$71.9MCars
Top Product Potential Azerbaijan Germany+$352MCrude 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

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

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

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