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2022
Flag → Flag
Exports $141MRnk 130 / 217
2022
Flag → Flag
Top Product $22.4MPackaged Medicaments
2022
Flag → Flag
Exports $1.64BRnk 4 / 141
2022
Flag → Flag
Top Product $1.6BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186

About

India-Azerbaijan Trade: In 2022, India exported $141M to Azerbaijan. The main products that India exported to Azerbaijan were Packaged Medicaments ($22.4M), Broadcasting Equipment ($19.3M), and Processed Tobacco ($18.9M). Over the past 5 years the exports of India to Azerbaijan have increased at an annualized rate of 13.4%, from $75.3M in 2017 to $141M in 2022.

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

Azerbaijan-India Trade: In 2022, Azerbaijan exported $1.64B to India. The main products that Azerbaijan exported to India were Crude Petroleum ($1.6B), Nitrogenous Fertilizers ($28.8M), and Petroleum Coke ($6.55M). Over the past 5 years the exports of Azerbaijan to India have increased at an annualized rate of 32%,  from $410M in 2017 to $1.64B in 2022.

In 2008, Azerbaijan exported services to India worth $1.08M, with Travel ($1.08M) being the largest in terms of value.

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). 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, India exported $8.51M and imported $460k from Azerbaijan, resulting in a positive trade balance of $8.05M. Between August 2023 and August 2024 the exports of India have decreased by $-1.24M (-12.7%) from $9.75M to $8.51M, while imports increased by $390k (557%) from $70k to $460k.

Trade In August 2024, the top exports of India to Azerbaijan were Tobacco Manufactured ($2.89M), Telecom Instruments ($2.29M), Tobacco Unmanufactured ($1.92M), Drug Formulations, Biologicals ($771k), and Rice -Basmoti ($703k). In August 2024 the top imports of India from Azerbaijan were Other Commodities ($11).

Growth In August 2024, the decrease in India's year-by-year exports to Azerbaijan was explained primarily by an decrease in product exports in Buffalo Meat ($-264k or -83.8%), Granit, Natrl Stone And Prodct ($-57.8k or -24.5%), and Ac, Refrigeration Machnry Etc ($-52.8k or -78.1%). In August 2024, the increase in India's year-by-year imports  from Azerbaijan was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)$-1.24M(-12.7%)
IMPORT GROWTH (August 2023 - August 2024)$390k(557%)

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

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

For full datasets download visit Bulk Download page.

Explore Azerbaijan and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $141M to Azerbaijan. The main products exported from India to Azerbaijan were Packaged Medicaments ($22.4M), Broadcasting Equipment ($19.3M), and Processed Tobacco ($18.9M). During the last 5 years the exports of India to Azerbaijan have increased at an annualized rate of 13.4%, from $75.3M in 2017 to $141M in 2022.

In 2017, Azerbaijan exported $1.64B to India. The main products exported from Azerbaijan to India were Crude Petroleum ($1.6B), Nitrogenous Fertilizers ($28.8M), and Petroleum Coke ($6.55M). During the last 5 years the exports of Azerbaijan to India have increased at an annualized rate of 32%, from $410M in 2022 to $1.64B in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Azerbaijan
Top DestinationItaly$18.3B

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

In 2022, countries that imported more from India than Azerbaijan included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Azerbaijan than India included Italy ($18.3B), Croatia ($990M), and Greece ($1.51B).

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

Comparative Advantage India - Azerbaijan

Flow
Scale

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

During 2022, India had a large net trade with Azerbaijan in the exports of Machines ($38.5M), Chemical Products ($35.4M), and Foodstuffs ($22.3M).

During 2017, Azerbaijan had a large net trade with India in the exports of Mineral Products ($1.61B), Chemical Products ($29.9M), and Animal Hides ($740k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Azerbaijan+$23.4MPackaged Medicaments
Top Product Potential Azerbaijan India+$1.08BCrude 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 India and Azerbaijan. This means that a dot/product with the flag of India indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over India.

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

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