New Zealand (NZL) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

About

New Zealand-Azerbaijan Trade: In 2022, New Zealand exported $17.8M to Azerbaijan. The main products that New Zealand exported to Azerbaijan were Butter ($16M), Non-fillet Frozen Fish ($429k), and Malt Extract ($394k). Over the past 5 years the exports of New Zealand to Azerbaijan have decreased at an annualized rate of 18.5%, from $49.3M in 2017 to $17.8M in 2022.

In 2022, New Zealand did not export any services to Azerbaijan.

Azerbaijan-New Zealand Trade: In 2022, Azerbaijan exported $190k to New Zealand. The main products that Azerbaijan exported to New Zealand were Animal Food ($112k), Fruit Juice ($67.9k), and Processed Fish ($5.48k). Over the past 5 years the exports of Azerbaijan to New Zealand have increased at an annualized rate of 10.8%, from $114k in 2017 to $190k in 2022.

In 2022, Azerbaijan did not export any services to New Zealand.

Comparison: In 2022, New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B). 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, New Zealand exported $17.8M to Azerbaijan. The main products exported from New Zealand to Azerbaijan were Butter ($16M), Non-fillet Frozen Fish ($429k), and Malt Extract ($394k). During the last 5 years the exports of New Zealand to Azerbaijan have decreased at an annualized rate of 18.5%, from $49.3M in 2017 to $17.8M in 2022.

In 2017, Azerbaijan exported $190k to New Zealand. The main products exported from Azerbaijan to New Zealand were Animal Food ($112k), Fruit Juice ($67.9k), and Processed Fish ($5.48k). During the last 5 years the exports of Azerbaijan to New Zealand have increased at an annualized rate of 10.8%, from $114k in 2022 to $190k in 2017.

Exports from New Zealand () to Azerbaijan () (2022)

Exports from Azerbaijan () to New Zealand () (2022)

Latest Data

Trade between New Zealand () and Azerbaijan ()

New Zealand Exports

Date

Azerbaijan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

New Zealand
Top DestinationChina$13.1B

Azerbaijan
Top DestinationItaly$18.3B

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

In 2022, countries that imported more from New Zealand than Azerbaijan included China ($13.1B), Australia ($5.35B), and United States ($5.07B).

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

Difference in imports from Azerbaijan () and New Zealand () (2022)

Comparative Advantage New Zealand - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, New Zealand had a large net trade with Azerbaijan in the exports of Animal Products ($16.5M), Foodstuffs ($448k), and Vegetable Products ($297k).

During 2017, Azerbaijan had a large net trade with New Zealand in the exports of Foodstuffs ($186k), Mineral Products ($1.66k), and Metals ($1.12k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential New Zealand Azerbaijan+$420kMalt Extract

Top Product Potential Azerbaijan New Zealand+$56.2kFruit Juice

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of New Zealand and Azerbaijan. This means that a dot/product with the flag of New Zealand indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over New Zealand.

About

Historical Data

Bilateral Trade by Products

Exports from New Zealand () to Azerbaijan () (2022)

Exports from Azerbaijan () to New Zealand () (2022)

Latest Data

Trade between New Zealand () and Azerbaijan ()

New Zealand Exports

Azerbaijan Exports

Market Competitiveness

Difference in imports from Azerbaijan () and New Zealand () (2022)

Comparative Advantage New Zealand - Azerbaijan

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of New Zealand () and Azerbaijan () (2022)

Keep Exploring