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2023
Flag → Flag
Exports $388MRnk 72 / 223
2023
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Top Product $151MCars
2023
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Exports $349MRnk 15 / 137
2023
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Top Product $328MCrude Petroleum
2023
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Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
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Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
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GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
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GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
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 GDP$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
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GDP GROWTH-2.43%CURRENT US$
Rnk 173 / 195
2023
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GDP PC $49,464CURRENT US$
Rnk 26 / 195
2013-2023
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GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195
2023
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GDP PC$7,126CURRENT US$
Rnk 103 / 196
2013-2023
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GDP PC GROWTH-9.52%CURRENT US$
Rnk 168 / 195

About

United Kingdom-Azerbaijan Trade: In 2023, United Kingdom exported $388M to Azerbaijan. The main products that United Kingdom exported to Azerbaijan were Cars ($151M), Gas Turbines ($35.1M), and Valves ($13.1M). Over the past 5 years the exports of United Kingdom to Azerbaijan have decreased at an annualized rate of 21.4%, from $1.3B in 2018 to $388M in 2023.

In 2023, United Kingdom did not export any services to Azerbaijan.

Azerbaijan-United Kingdom Trade: In 2023, Azerbaijan exported $349M to United Kingdom. The main products that Azerbaijan exported to United Kingdom were Crude Petroleum ($328M), Petroleum Coke ($6.94M), and Nitrogenous Fertilizers ($2.31M). Over the past 5 years the exports of Azerbaijan to United Kingdom have increased at an annualized rate of 7.42%,  from $244M in 2018 to $349M in 2023.

In 2008, Azerbaijan exported services to United Kingdom worth $143M, with Transportation ($75.6M), Services not allocated ($45.6M), and Travel ($19.3M) being the largest in terms of value.

Comparison: In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B). That same year, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B).

Latest Trends

November, 2024

About

Overview In November 2024, United Kingdom exported £474M and imported £1.08M from Azerbaijan, resulting in a positive trade balance of £473M. Between November 2023 and November 2024 the exports of United Kingdom have increased by £414M (686%) from £60.4M to £474M, while imports decreased by £-1.97M (-64.6%) from £3.04M to £1.08M.

Trade In November 2024, the top exports of United Kingdom to Azerbaijan were Cars (£20.6M), Gas Turbines (£1.62M), Liquid Pumps (£854k), Valves (£806k), and Other Engines (£738k). In November 2024 the top imports of United Kingdom from Azerbaijan were Gas Turbines (£1.61M), Surveying Equipment (£113k), Low-voltage Protection Equipment (£74.9k), Pepper (£54.7k), and Thermostats (£44.6k).

Origins In November 2024 the exports of United Kingdom were mainly from London Heathrow Airport (£460M), Avonmouth (£5.53M), Harwich (£3.17M), Dover Eurotunnel (£2.45M), and Tyne (£622k), while imports destinations were mainly London Heathrow Airport (£351k), Birmingham Airport (£319k), Felixstowe (£142k), Aberdeen Airport (£108k), and Liverpool (£74.6k).

Growth In November 2024, the increase in United Kingdom's year-by-year exports to Azerbaijan was explained primarily by an increase in product exports in Cars (£12.3M or 150%), Gas Turbines (£1.58M or 4.22k%), and Liquid Pumps (£825k or 2.8k%). In November 2024, the decrease in United Kingdom's year-by-year imports  from Azerbaijan was explained primarily by an decrease in product imports  in Oscilloscopes (£-971k or -98.4%), Gas Turbines (£-216k or -11.8%), and Compasses (£-87k or -87.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)£414M(686%)
IMPORT GROWTH (November 2023 - November 2024)£-1.97M(-64.6%)
MAIN EXPORTER (November 2024)London Heathrow Airport£460M

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

To check Azerbaijan and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Azerbaijan and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $388M to Azerbaijan. The main products exported from United Kingdom to Azerbaijan were Cars ($151M), Gas Turbines ($35.1M), and Valves ($13.1M). During the last 5 years the exports of United Kingdom to Azerbaijan have decreased at an annualized rate of 21.4%, from $1.3B in 2018 to $388M in 2023.

In 2018, Azerbaijan exported $349M to United Kingdom. The main products exported from Azerbaijan to United Kingdom were Crude Petroleum ($328M), Petroleum Coke ($6.94M), and Nitrogenous Fertilizers ($2.31M). During the last 5 years the exports of Azerbaijan to United Kingdom have increased at an annualized rate of 7.42%, from $244M in 2023 to $349M in 2018.

Exports from United Kingdom (Flag) to Azerbaijan (Flag) (2023)

Exports from Azerbaijan (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Azerbaijan
Top DestinationItaly$11.4B

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

In 2023, countries that imported more from United Kingdom than Azerbaijan included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

In 2023, countries that imported more from Azerbaijan than United Kingdom included Italy ($11.4B), Croatia ($754M), and Georgia ($654M).

Difference in imports from Azerbaijan (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Azerbaijan

Flow
Scale

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

During 2023, United Kingdom had a large net trade with Azerbaijan in the exports of Transportation ($163M), Machines ($116M), and Metals ($37.8M).

During 2018, Azerbaijan had a large net trade with United Kingdom in the exports of Mineral Products ($335M), Machines ($6.13M), and Chemical Products ($2.57M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Azerbaijan+$8.06MPackaged Medicaments
Top Product Potential Azerbaijan United Kingdom+$299MCrude 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 United Kingdom and Azerbaijan. This means that a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Azerbaijan (Flag) (2023)

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