2022
Flag  
GDP
$522BCURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP GROWTH
99%CURRENT US$
Rnk 14 / 186
2022
Flag
 GDP
$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 140 / 186
2022
Flag
GDP PC 
$54,660CURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP PC GROWTH
64.9%CURRENT US$
Rnk 21 / 186
2022
Flag
GDP PC
$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH
3.21%CURRENT US$
Rnk 134 / 186

About

Israel-Azerbaijan Trade: In 2022, Israel exported $135M to Azerbaijan. The main products that Israel exported to Azerbaijan were Broadcasting Accessories ($42.3M), Aircraft Parts ($24.9M), and Video Recording Equipment ($21M). Over the past 5 years the exports of Israel to Azerbaijan have decreased at an annualized rate of 3.86%, from $165M in 2017 to $135M in 2022.

In 2007, Israel exported services to Azerbaijan worth $3.51M, with Computer and information services ($3.1M) and Construction services ($408k) being the largest in terms of value.

Azerbaijan-Israel Trade: In 2022, Azerbaijan exported $1.68B to Israel. The main products that Azerbaijan exported to Israel were Crude Petroleum ($1.67B), Acyclic Alcohols ($6.13M), and Nitrogenous Fertilizers ($2.31M). Over the past 5 years the exports of Azerbaijan to Israel have increased at an annualized rate of 21.3%,  from $643M in 2017 to $1.68B in 2022.

In 2008, Azerbaijan exported services to Israel worth $10.8M, with Transportation ($8.18M), Travel ($2.64M), and Communications services ($15k) being the largest in terms of value.

Comparison: In 2022,  Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B). 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
Value

In 2022, Israel exported $135M to Azerbaijan. The main products exported from Israel to Azerbaijan were Broadcasting Accessories ($42.3M), Aircraft Parts ($24.9M), and Video Recording Equipment ($21M). During the last 5 years the exports of Israel to Azerbaijan have decreased at an annualized rate of 3.86%, from $165M in 2017 to $135M in 2022.

In 2017, Azerbaijan exported $1.68B to Israel. The main products exported from Azerbaijan to Israel were Crude Petroleum ($1.67B), Acyclic Alcohols ($6.13M), and Nitrogenous Fertilizers ($2.31M). During the last 5 years the exports of Azerbaijan to Israel have increased at an annualized rate of 21.3%, from $643M in 2022 to $1.68B in 2017.

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

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

Latest Data

Trade between Israel (Flag) and Azerbaijan (Flag)

Israel Exports

Azerbaijan Exports

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
Azerbaijan
Top Destination
Italy$18.3B

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

In 2022, countries that imported more from Israel than Azerbaijan included United States ($20.3B), China ($5.53B), and Palestine ($4.6B).

In 2022, countries that imported more from Azerbaijan than Israel included Italy ($18.3B), Turkey ($3.57B), and Greece ($1.51B).

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

Comparative Advantage Israel - Azerbaijan

Flow
Scale

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

During 2022, Israel had a large net trade with Azerbaijan in the exports of Machines ($75.3M), Transportation ($32.5M), and Chemical Products ($19.4M).

During 2017, Azerbaijan had a large net trade with Israel in the exports of Mineral Products ($1.67B), Chemical Products ($8.45M), and Foodstuffs ($1.03M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel Azerbaijan+$2.91MTelephones
Top Product Potential Azerbaijan Israel+$3.73MRefined 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 Israel and Azerbaijan. This means that a dot/product with the flag of Israel indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Israel.

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

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