2023
Flag  
GDP
$263BCURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP GROWTH
11%CURRENT US$
Rnk 153 / 195
2023
Flag
 GDP
$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP GROWTH
-2.43%CURRENT US$
Rnk 173 / 195
2023
Flag
GDP PC 
$12,919CURRENT US$
Rnk 79 / 195
2013-2023
Flag
GDP PC GROWTH
-4.15%CURRENT US$
Rnk 158 / 195
2023
Flag
GDP PC
$7,126CURRENT US$
Rnk 103 / 196
2013-2023
Flag
GDP PC GROWTH
-9.52%CURRENT US$
Rnk 168 / 195

About

Kazakhstan-Azerbaijan Trade: In 2023, Kazakhstan exported $442M to Azerbaijan. The main products that Kazakhstan exported to Azerbaijan were Raw Aluminium ($154M), Refined Petroleum ($80.2M), and Crude Petroleum ($72.5M). Over the past 5 years the exports of Kazakhstan to Azerbaijan have increased at an annualized rate of 20.1%, from $177M in 2018 to $442M in 2023.

In 2023, Kazakhstan did not export any services to Azerbaijan.

Azerbaijan-Kazakhstan Trade: In 2023, Azerbaijan exported $116M to Kazakhstan. The main products that Azerbaijan exported to Kazakhstan were Cars ($39.4M), Iron Pipes ($18.3M), and Passenger and Cargo Ships ($14.1M). Over the past 5 years the exports of Azerbaijan to Kazakhstan have increased at an annualized rate of 18.5%,  from $49.6M in 2018 to $116M in 2023.

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 2023,  Kazakhstan ranked 71 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($96.6B). That same year, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Kazakhstan exported $442M to Azerbaijan. The main products exported from Kazakhstan to Azerbaijan were Raw Aluminium ($154M), Refined Petroleum ($80.2M), and Crude Petroleum ($72.5M). During the last 5 years the exports of Kazakhstan to Azerbaijan have increased at an annualized rate of 20.1%, from $177M in 2018 to $442M in 2023.

In 2018, Azerbaijan exported $116M to Kazakhstan. The main products exported from Azerbaijan to Kazakhstan were Cars ($39.4M), Iron Pipes ($18.3M), and Passenger and Cargo Ships ($14.1M). During the last 5 years the exports of Azerbaijan to Kazakhstan have increased at an annualized rate of 18.5%, from $49.6M in 2023 to $116M in 2018.

Exports from Kazakhstan (Flag) to Azerbaijan (Flag) (2023)

Exports from Azerbaijan (Flag) to Kazakhstan (Flag) (2023)

Latest Data

Trade between Kazakhstan (Flag) and Azerbaijan (Flag)

Kazakhstan Exports

Azerbaijan Exports

Market Competitiveness

Color
Kazakhstan
Top Destination
China$15.2B
Azerbaijan
Top Destination
Italy$11.4B

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 2023, countries that imported more from Kazakhstan than Azerbaijan included China ($15.2B), United Kingdom ($14.3B), and Russia ($9.78B).

In 2023, countries that imported more from Azerbaijan than Kazakhstan included Italy ($11.4B), Israel ($1.4B), and Croatia ($754M).

Difference in imports from Azerbaijan (Flag) and Kazakhstan (Flag) (2023)

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 2023, Kazakhstan had a large net trade with Azerbaijan in the exports of Metals ($179M), Mineral Products ($164M), and Vegetable Products ($42.3M).

During 2018, Azerbaijan had a large net trade with Kazakhstan in the exports of Transportation ($54.9M), Metals ($25.2M), and Foodstuffs ($12.6M).

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) (2023)

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