Indonesia (IDN) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Indonesia-Azerbaijan Trade: In 2023, Indonesia exported $72.5M to Azerbaijan. The main products that Indonesia exported to Azerbaijan were Palm Oil ($40.6M), Aluminium Oxide ($13.3M), and Soap ($3.09M). Over the past 5 years the exports of Indonesia to Azerbaijan have decreased at an annualized rate of 9.3%, from $118M in 2018 to $72.5M in 2023.

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

Azerbaijan-Indonesia Trade: In 2023, Azerbaijan exported $184M to Indonesia. The main products that Azerbaijan exported to Indonesia were Crude Petroleum ($182M), Raw Aluminium ($1.12M), and Raw Tobacco ($424k). Over the past 5 years the exports of Azerbaijan to Indonesia have decreased at an annualized rate of 19.1%, from $531M in 2018 to $184M in 2023.

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

Comparison: In 2023, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B). 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, Indonesia exported $72.5M to Azerbaijan. The main products exported from Indonesia to Azerbaijan were Palm Oil ($40.6M), Aluminium Oxide ($13.3M), and Soap ($3.09M). During the last 5 years the exports of Indonesia to Azerbaijan have decreased at an annualized rate of 9.3%, from $118M in 2018 to $72.5M in 2023.

In 2018, Azerbaijan exported $184M to Indonesia. The main products exported from Azerbaijan to Indonesia were Crude Petroleum ($182M), Raw Aluminium ($1.12M), and Raw Tobacco ($424k). During the last 5 years the exports of Azerbaijan to Indonesia have decreased at an annualized rate of 19.1%, from $531M in 2023 to $184M in 2018.

Exports from Indonesia () to Azerbaijan () (2023)

Exports from Azerbaijan () to Indonesia () (2023)

Latest Data

Trade between Indonesia () and Azerbaijan ()

Indonesia Exports

Date

Azerbaijan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Indonesia
Top DestinationChina$70.7B

Azerbaijan
Top DestinationItaly$11.4B

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

In 2023, countries that imported more from Indonesia than Azerbaijan included China ($70.7B), United States ($27.9B), and Japan ($23.7B).

In 2023, countries that imported more from Azerbaijan than Indonesia included Italy ($11.4B), Turkey ($5.85B), and Israel ($1.4B).

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

Comparative Advantage Indonesia - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Indonesia had a large net trade with Azerbaijan in the exports of Animal and Vegetable Bi-Products ($42M), Chemical Products ($17.1M), and Machines ($5.35M).

During 2018, Azerbaijan had a large net trade with Indonesia in the exports of Mineral Products ($182M), Metals ($1.34M), and Foodstuffs ($438k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Indonesia Azerbaijan+$1.23MRefrigerators

Top Product Potential Azerbaijan Indonesia+$94.8MCrude 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 Indonesia and Azerbaijan. This means that a dot/product with the flag of Indonesia indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Indonesia.

About

Historical Data

Bilateral Trade by Products

Exports from Indonesia () to Azerbaijan () (2023)

Exports from Azerbaijan () to Indonesia () (2023)

Latest Data

Trade between Indonesia () and Azerbaijan ()

Indonesia Exports

Azerbaijan Exports

Market Competitiveness

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

Comparative Advantage Indonesia - Azerbaijan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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