2022
Flag  
GDP
$301BCURRENT US$
Rnk 44 / 186
2012-2022
Flag
GDP GROWTH
68.2%CURRENT US$
Rnk 30 / 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 
$15,892CURRENT US$
Rnk 60 / 186
2012-2022
Flag
GDP PC GROWTH
77.9%CURRENT US$
Rnk 16 / 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

Romania-Azerbaijan Trade: In 2022, Romania exported $41.1M to Azerbaijan. The main products that Romania exported to Azerbaijan were Packaged Medicaments ($6.81M), Valves ($5.63M), and Machinery Having Individual Functions ($5.08M). Over the past 5 years the exports of Romania to Azerbaijan have decreased at an annualized rate of 4.98%, from $53.1M in 2017 to $41.1M in 2022.

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

Azerbaijan-Romania Trade: In 2022, Azerbaijan exported $449M to Romania. The main products that Azerbaijan exported to Romania were Crude Petroleum ($379M), Nitrogenous Fertilizers ($33.6M), and Acyclic Alcohols ($23.1M). Over the past 5 years the exports of Azerbaijan to Romania have increased at an annualized rate of 10.3%,  from $275M in 2017 to $449M in 2022.

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

Comparison: In 2022,  Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). 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
Value

In 2022, Romania exported $41.1M to Azerbaijan. The main products exported from Romania to Azerbaijan were Packaged Medicaments ($6.81M), Valves ($5.63M), and Machinery Having Individual Functions ($5.08M). During the last 5 years the exports of Romania to Azerbaijan have decreased at an annualized rate of 4.98%, from $53.1M in 2017 to $41.1M in 2022.

In 2017, Azerbaijan exported $449M to Romania. The main products exported from Azerbaijan to Romania were Crude Petroleum ($379M), Nitrogenous Fertilizers ($33.6M), and Acyclic Alcohols ($23.1M). During the last 5 years the exports of Azerbaijan to Romania have increased at an annualized rate of 10.3%, from $275M in 2022 to $449M in 2017.

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

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

Latest Data

Trade between Romania (Flag) and Azerbaijan (Flag)

Romania Exports

Azerbaijan Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$18.8B
Azerbaijan
Top Destination
Italy$18.3B

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

In 2022, countries that imported more from Romania than Azerbaijan included Germany ($18.8B), Hungary ($6.75B), and France ($5.73B).

In 2022, countries that imported more from Azerbaijan than Romania included Italy ($18.3B), India ($1.64B), and Israel ($1.68B).

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

Comparative Advantage Romania - Azerbaijan

Flow
Scale

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

During 2022, Romania had a large net trade with Azerbaijan in the exports of Machines ($13.9M), Chemical Products ($11.1M), and Foodstuffs ($5M).

During 2017, Azerbaijan had a large net trade with Romania in the exports of Mineral Products ($387M), Chemical Products ($56.7M), and Machines ($2.05M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania Azerbaijan+$6.43MRefined Petroleum
Top Product Potential Azerbaijan Romania+$71.5MCrude 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 Romania and Azerbaijan. This means that a dot/product with the flag of Romania indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Romania.

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

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