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Pricing

2022
Flag → Flag
Exports $18.3MRnk 93 / 138
2022
Flag → Flag
Top Product $6.99MEthylene Polymers
2022
Flag → Flag
Exports $3.26MRnk 63 / 141
2022
Flag → Flag
Top Product $1.46MChocolate
2022
Flag
Economic Complexity (ECI) ECI 0.78Rnk 35 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag  
GDP$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP GROWTH49.4%CURRENT US$
Rnk 62 / 186
2022
Flag
 GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
Flag
GDP PC $30,436CURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP PC GROWTH26.5%CURRENT US$
Rnk 71 / 186
2022
Flag
GDP PC$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186

About

Saudi Arabia-Azerbaijan Trade: In 2022, Saudi Arabia exported $18.3M to Azerbaijan. The main products that Saudi Arabia exported to Azerbaijan were Ethylene Polymers ($6.99M), Propylene Polymers ($6.16M), and Vinyl Chloride Polymers ($1.03M). Over the past 5 years the exports of Saudi Arabia to Azerbaijan have increased at an annualized rate of 3.69%, from $15.3M in 2017 to $18.3M in 2022.

In 2022, Saudi Arabia did not export any services to Azerbaijan.

Azerbaijan-Saudi Arabia Trade: In 2022, Azerbaijan exported $3.26M to Saudi Arabia. The main products that Azerbaijan exported to Saudi Arabia were Chocolate ($1.46M), Delivery Trucks ($825k), and Non-Knit Women's Suits ($392k). Over the past 5 years the exports of Azerbaijan to Saudi Arabia have increased at an annualized rate of 17.6%,  from $1.45M in 2017 to $3.26M in 2022.

In 2008, Azerbaijan exported services to Saudi Arabia worth $2.04M, with Construction services ($2.04M) being the largest in terms of value.

Comparison: In 2022,  Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B). 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, Saudi Arabia exported $18.3M to Azerbaijan. The main products exported from Saudi Arabia to Azerbaijan were Ethylene Polymers ($6.99M), Propylene Polymers ($6.16M), and Vinyl Chloride Polymers ($1.03M). During the last 5 years the exports of Saudi Arabia to Azerbaijan have increased at an annualized rate of 3.69%, from $15.3M in 2017 to $18.3M in 2022.

In 2017, Azerbaijan exported $3.26M to Saudi Arabia. The main products exported from Azerbaijan to Saudi Arabia were Chocolate ($1.46M), Delivery Trucks ($825k), and Non-Knit Women's Suits ($392k). During the last 5 years the exports of Azerbaijan to Saudi Arabia have increased at an annualized rate of 17.6%, from $1.45M in 2022 to $3.26M in 2017.

Exports from Saudi Arabia (Flag) to Azerbaijan (Flag) (2022)

Exports from Azerbaijan (Flag) to Saudi Arabia (Flag) (2022)

Latest Data

Trade between Saudi Arabia (Flag) and Azerbaijan (Flag)

Saudi Arabia Exports

Azerbaijan Exports

Market Competitiveness

Color
Saudi Arabia
Top DestinationChina$68B
Azerbaijan
Top DestinationItaly$18.3B

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

In 2022, countries that imported more from Saudi Arabia than Azerbaijan included China ($68B), India ($46.2B), and Japan ($36.5B).

In 2022, countries that imported more from Azerbaijan than Saudi Arabia included Italy ($18.3B), Israel ($1.68B), and Croatia ($990M).

Difference in imports from Azerbaijan (Flag) and Saudi Arabia (Flag) (2022)

Comparative Advantage Saudi Arabia - Azerbaijan

Flow
Scale

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

During 2022, Saudi Arabia had a large net trade with Azerbaijan in the exports of Plastics and Rubbers ($14.9M), Chemical Products ($1.63M), and Animal Products ($1.33M).

During 2017, Azerbaijan had a large net trade with Saudi Arabia in the exports of Foodstuffs ($1.61M), Transportation ($825k), and Textiles ($419k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Saudi Arabia Azerbaijan+$5.07MEthylene Polymers
Top Product Potential Azerbaijan Saudi Arabia+$783kChocolate

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 Saudi Arabia and Azerbaijan. This means that a dot/product with the flag of Saudi Arabia indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Saudi Arabia.

Product Space of Saudi Arabia (Flag) and Azerbaijan (Flag) (2022)

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