Iraq (IRQ) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Iraq-Azerbaijan Trade: In 2022, Iraq exported $451k to Azerbaijan. The main products that Iraq exported to Azerbaijan were Refined Petroleum ($416k), Scrap Iron ($23.6k), and Scrap Plastic ($7.85k). Over the past 5 years the exports of Iraq to Azerbaijan have increased at an annualized rate of 368%, from $200 in 2017 to $451k in 2022.

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

Azerbaijan-Iraq Trade: In 2022, Azerbaijan exported $28.8M to Iraq. The main products that Azerbaijan exported to Iraq were Bran ($7.83M), Other Vegetable Oils ($5.57M), and Seed Oils ($5.36M). Over the past 5 years the exports of Azerbaijan to Iraq have increased at an annualized rate of 12.9%, from $15.7M in 2017 to $28.8M in 2022.

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

Comparison: In 2022, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iraq exported $451k to Azerbaijan. The main products exported from Iraq to Azerbaijan were Refined Petroleum ($416k), Scrap Iron ($23.6k), and Scrap Plastic ($7.85k). During the last 5 years the exports of Iraq to Azerbaijan have increased at an annualized rate of 368%, from $200 in 2017 to $451k in 2022.

In 2017, Azerbaijan exported $28.8M to Iraq. The main products exported from Azerbaijan to Iraq were Bran ($7.83M), Other Vegetable Oils ($5.57M), and Seed Oils ($5.36M). During the last 5 years the exports of Azerbaijan to Iraq have increased at an annualized rate of 12.9%, from $15.7M in 2022 to $28.8M in 2017.

Exports from Iraq () to Azerbaijan () (2022)

Exports from Azerbaijan () to Iraq () (2022)

Latest Data

Trade between Iraq () and Azerbaijan ()

Azerbaijan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationIndia$38.8B

Azerbaijan
Top DestinationItaly$18.3B

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

In 2022, countries that imported more from Iraq than Azerbaijan included India ($38.8B), China ($34B), and United States ($10.3B).

In 2022, countries that imported more from Azerbaijan than Iraq included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

Difference in imports from Azerbaijan () and Iraq () (2022)

Comparative Advantage Iraq - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iraq had a large net trade with Azerbaijan in the exports of Mineral Products ($416k), Metals ($23.6k), and Plastics and Rubbers ($7.85k).

During 2017, Azerbaijan had a large net trade with Iraq in the exports of Animal and Vegetable Bi-Products ($11M), Foodstuffs ($9.28M), and Vegetable Products ($3.74M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iraq Azerbaijan+$1.85MRefined Petroleum

Top Product Potential Azerbaijan Iraq+$6.59MRefined 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 Iraq and Azerbaijan. This means that a dot/product with the flag of Iraq indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Iraq.

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Historical Data

Bilateral Trade by Products

Exports from Iraq () to Azerbaijan () (2022)

Exports from Azerbaijan () to Iraq () (2022)

Latest Data

Trade between Iraq () and Azerbaijan ()

Azerbaijan Exports

Market Competitiveness

Difference in imports from Azerbaijan () and Iraq () (2022)

Comparative Advantage Iraq - Azerbaijan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Iraq () and Azerbaijan () (2022)

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