Norway-Azerbaijan Trade: In 2022, Norway exported $69.7M to Azerbaijan. The main products that Norway exported to Azerbaijan were Other Sea Vessels ($36.8M), Excavation Machinery ($7.83M), and Other Iron Products ($4.76M). Over the past 5 years the exports of Norway to Azerbaijan have decreased at an annualized rate of 11.1%, from $126M in 2017 to $69.7M in 2022.
In 2022, Norway did not export any services to Azerbaijan.
Azerbaijan-Norway Trade: In 2022, Azerbaijan exported $69.2M to Norway. The main products that Azerbaijan exported to Norway were Crude Petroleum ($64.3M), Packing Bags ($3.45M), and Engine Parts ($259k). Over the past 5 years the exports of Azerbaijan to Norway have increased at an annualized rate of 58.6%, from $6.9M in 2017 to $69.2M in 2022.
In 2008, Azerbaijan exported services to Norway worth $680k, with Travel ($680k) being the largest in terms of value.
Comparison: In 2022, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).