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2023
Flag → Flag
Exports $72.5MRnk 109 / 213
2023
Flag → Flag
Top Product $40.6MPalm Oil
2023
Flag → Flag
Exports $184MRnk 19 / 137
2023
Flag → Flag
Top Product $182MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
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Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
Flag  
GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
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GDP GROWTH50.3%CURRENT US$
Rnk 75 / 195
2023
Flag
 GDP$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP GROWTH-2.43%CURRENT US$
Rnk 173 / 195
2023
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GDP PC $4,876CURRENT US$
Rnk 123 / 195
2013-2023
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GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195
2023
Flag
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

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

Latest Data

Trade between Indonesia (Flag) and Azerbaijan (Flag)

Indonesia Exports

Azerbaijan Exports

Market Competitiveness

Color
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 (Flag) and Indonesia (Flag) (2023)

Potential Exports

Potential Exports

Depth
View
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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

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.

Product Space of Indonesia (Flag) and Azerbaijan (Flag) (NaN)

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