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2022
Flag → Flag
Exports $2.5BRnk 25 / 219
2022
Flag → Flag
Top Product $59.3MIron Structures
2022
Flag → Flag
Exports $3.57BRnk 2 / 141
2022
Flag → Flag
Top Product $2.21BPetroleum Gas
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
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Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag  
GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
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GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
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 GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
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GDP PC $10,616CURRENT US$
Rnk 75 / 186
2012-2022
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GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186
2022
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GDP PC$7,737CURRENT US$
Rnk 87 / 186
2012-2022
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GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186

About

Turkey-Azerbaijan Trade: In 2022, Turkey exported $2.5B to Azerbaijan. The main products that Turkey exported to Azerbaijan were Iron Structures ($59.3M), Packaged Medicaments ($55.4M), and Refined Petroleum ($50.7M). Over the past 5 years the exports of Turkey to Azerbaijan have increased at an annualized rate of 11.1%, from $1.47B in 2017 to $2.5B in 2022.

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

Azerbaijan-Turkey Trade: In 2022, Azerbaijan exported $3.57B to Turkey. The main products that Azerbaijan exported to Turkey were Petroleum Gas ($2.21B), Crude Petroleum ($502M), and Raw Cotton ($162M). Over the past 5 years the exports of Azerbaijan to Turkey have increased at an annualized rate of 20%,  from $1.44B in 2017 to $3.57B in 2022.

In 2008, Azerbaijan exported services to Turkey worth $95.8M, with Transportation ($49.9M), Services not allocated ($29.7M), and Travel ($14.3M) being the largest in terms of value.

Comparison: In 2022,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B). 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, Turkey exported $2.5B to Azerbaijan. The main products exported from Turkey to Azerbaijan were Iron Structures ($59.3M), Packaged Medicaments ($55.4M), and Refined Petroleum ($50.7M). During the last 5 years the exports of Turkey to Azerbaijan have increased at an annualized rate of 11.1%, from $1.47B in 2017 to $2.5B in 2022.

In 2017, Azerbaijan exported $3.57B to Turkey. The main products exported from Azerbaijan to Turkey were Petroleum Gas ($2.21B), Crude Petroleum ($502M), and Raw Cotton ($162M). During the last 5 years the exports of Azerbaijan to Turkey have increased at an annualized rate of 20%, from $1.44B in 2022 to $3.57B in 2017.

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

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

Latest Data

Trade between Turkey (Flag) and Azerbaijan (Flag)

Turkey Exports

Azerbaijan Exports

Market Competitiveness

Color
Turkey
Top DestinationGermany$21.9B
Azerbaijan
Top DestinationItaly$18.3B

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

In 2022, countries that imported more from Turkey than Azerbaijan included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

In 2022, countries that imported more from Azerbaijan than Turkey included Italy ($18.3B), Croatia ($990M), and Indonesia ($612M).

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

Comparative Advantage Turkey - Azerbaijan

Flow
Scale

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

During 2022, Turkey had a large net trade with Azerbaijan in the exports of Machines ($601M), Chemical Products ($340M), and Metals ($275M).

During 2017, Azerbaijan had a large net trade with Turkey in the exports of Mineral Products ($3B), Metals ($193M), and Textiles ($192M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Turkey Azerbaijan+$31.6MRefined Petroleum
Top Product Potential Azerbaijan Turkey+$433MCrude 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 Turkey and Azerbaijan. This means that a dot/product with the flag of Turkey indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Turkey.

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

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