Russia-Azerbaijan Trade: In 2022, Russia exported $2.52B to Azerbaijan. The main products that Russia exported to Azerbaijan were Wheat ($294M), Refined Petroleum ($280M), and Crude Petroleum ($116M). Over the past 5 years the exports of Russia to Azerbaijan have increased at an annualized rate of 8.37%, from $1.68B in 2017 to $2.52B in 2022.
In 2020, Russia exported services to Azerbaijan worth $227M, with Travel ($122M), Transportation ($41.6M), and Other business services ($29.1M) being the largest in terms of value.
Azerbaijan-Russia Trade: In 2022, Azerbaijan exported $974M to Russia. The main products that Azerbaijan exported to Russia were Other Fruits ($163M), Tomatoes ($162M), and Propylene Polymers ($96.5M). Over the past 5 years the exports of Azerbaijan to Russia have increased at an annualized rate of 9.32%, from $624M in 2017 to $974M in 2022.
In 2008, Azerbaijan exported services to Russia worth $229M, with Transportation ($118M), Services not allocated ($62M), and Travel ($27.4M) being the largest in terms of value.
Comparison: In 2022, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).