2022
Flag  
GDP
$221BCURRENT US$
Rnk 53 / 186
2012-2022
Flag
GDP GROWTH
6.07%CURRENT US$
Rnk 150 / 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 
$11,244CURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP PC GROWTH
-9.23%CURRENT US$
Rnk 161 / 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

Kazakhstan-Azerbaijan Trade: In 2022, Kazakhstan exported $382M to Azerbaijan. The main products that Kazakhstan exported to Azerbaijan were Wheat ($95.7M), Refined Petroleum ($84.8M), and Crude Petroleum ($74.8M). Over the past 5 years the exports of Kazakhstan to Azerbaijan have increased at an annualized rate of 23.1%, from $135M in 2017 to $382M in 2022.

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

Azerbaijan-Kazakhstan Trade: In 2022, Azerbaijan exported $128M to Kazakhstan. The main products that Azerbaijan exported to Kazakhstan were Cars ($29.3M), Raw Sugar ($15.2M), and Special Purpose Ships ($13.5M). Over the past 5 years the exports of Azerbaijan to Kazakhstan have increased at an annualized rate of 8.71%,  from $39.8M in 2017 to $128M in 2022.

In 2008, Azerbaijan exported services to Kazakhstan worth $51.8M, with Transportation ($26M), Services not allocated ($20.9M), and Travel ($4.9M) being the largest in terms of value.

Comparison: In 2022,  Kazakhstan ranked 73 in the Economic Complexity Index (ECI -0.17), and 45 in total exports ($98.7B). 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, Kazakhstan exported $382M to Azerbaijan. The main products exported from Kazakhstan to Azerbaijan were Wheat ($95.7M), Refined Petroleum ($84.8M), and Crude Petroleum ($74.8M). During the last 5 years the exports of Kazakhstan to Azerbaijan have increased at an annualized rate of 23.1%, from $135M in 2017 to $382M in 2022.

In 2017, Azerbaijan exported $128M to Kazakhstan. The main products exported from Azerbaijan to Kazakhstan were Cars ($29.3M), Raw Sugar ($15.2M), and Special Purpose Ships ($13.5M). During the last 5 years the exports of Azerbaijan to Kazakhstan have increased at an annualized rate of 8.71%, from $39.8M in 2022 to $128M in 2017.

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

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

Latest Data

Trade between Kazakhstan (Flag) and Azerbaijan (Flag)

Kazakhstan Exports

Azerbaijan Exports

Market Competitiveness

Color
Kazakhstan
Top Destination
China$13.4B
Azerbaijan
Top Destination
Italy$18.3B

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

In 2022, countries that imported more from Kazakhstan than Azerbaijan included China ($13.4B), Russia ($8.78B), and United Kingdom ($8.01B).

In 2022, countries that imported more from Azerbaijan than Kazakhstan included Italy ($18.3B), Israel ($1.68B), and Portugal ($757M).

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

Comparative Advantage Kazakhstan - Azerbaijan

Flow
Scale

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

During 2022, Kazakhstan had a large net trade with Azerbaijan in the exports of Mineral Products ($165M), Vegetable Products ($103M), and Metals ($40.2M).

During 2017, Azerbaijan had a large net trade with Kazakhstan in the exports of Transportation ($51.3M), Foodstuffs ($24.2M), and Metals ($13.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Kazakhstan Azerbaijan+$19.6MCrude Petroleum
Top Product Potential Azerbaijan Kazakhstan+$2.01MRefined 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 Kazakhstan and Azerbaijan. This means that a dot/product with the flag of Kazakhstan indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Kazakhstan.

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

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