2023
Flag  
GDP
$102BCURRENT US$
Rnk 70 / 195
2013-2023
Flag
GDP GROWTH
38.8%CURRENT US$
Rnk 95 / 195
2023
Flag
 GDP
$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP GROWTH
-2.43%CURRENT US$
Rnk 173 / 195
2023
Flag
GDP PC 
$2,850CURRENT US$
Rnk 144 / 195
2013-2023
Flag
GDP PC GROWTH
15.7%CURRENT US$
Rnk 116 / 195
2023
Flag
GDP PC
$7,126CURRENT US$
Rnk 103 / 196
2013-2023
Flag
GDP PC GROWTH
-9.52%CURRENT US$
Rnk 168 / 195

About

Uzbekistan-Azerbaijan Trade: In 2023, Uzbekistan exported $147M to Azerbaijan. The main products that Uzbekistan exported to Azerbaijan were Light Rubberized Knitted Fabric ($19.2M), Copper Wire ($12.6M), and Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) ($12.6M). Over the past 5 years the exports of Uzbekistan to Azerbaijan have increased at an annualized rate of 35.6%, from $32M in 2018 to $147M in 2023.

In 2023, Uzbekistan did not export any services to Azerbaijan.

Azerbaijan-Uzbekistan Trade: In 2023, Azerbaijan exported $100M to Uzbekistan. The main products that Azerbaijan exported to Uzbekistan were Planes, Helicopters, and/or Spacecraft ($44.9M), Copper Ore ($17.8M), and Raw Aluminium ($10.5M). Over the past 5 years the exports of Azerbaijan to Uzbekistan have increased at an annualized rate of 18.1%,  from $9.7M in 2018 to $100M in 2023.

In 2008, Azerbaijan exported services to Uzbekistan worth $4.15M, with Transportation ($2.18M), Travel ($1.82M), and Services not allocated ($157k) being the largest in terms of value.

Comparison: In 2023,  Uzbekistan ranked 74 in the Economic Complexity Index (ECI -0.22), and 72 in total exports ($24.3B). That same year, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Uzbekistan exported $147M to Azerbaijan. The main products exported from Uzbekistan to Azerbaijan were Light Rubberized Knitted Fabric ($19.2M), Copper Wire ($12.6M), and Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) ($12.6M). During the last 5 years the exports of Uzbekistan to Azerbaijan have increased at an annualized rate of 35.6%, from $32M in 2018 to $147M in 2023.

In 2018, Azerbaijan exported $100M to Uzbekistan. The main products exported from Azerbaijan to Uzbekistan were Planes, Helicopters, and/or Spacecraft ($44.9M), Copper Ore ($17.8M), and Raw Aluminium ($10.5M). During the last 5 years the exports of Azerbaijan to Uzbekistan have increased at an annualized rate of 18.1%, from $9.7M in 2023 to $100M in 2018.

Exports from Uzbekistan (Flag) to Azerbaijan (Flag) (2023)

Exports from Azerbaijan (Flag) to Uzbekistan (Flag) (2023)

Latest Data

Trade between Uzbekistan (Flag) and Azerbaijan (Flag)

Uzbekistan Exports

Azerbaijan Exports

Market Competitiveness

Color
Uzbekistan
Top Destination
Switzerland$8.18B
Azerbaijan
Top Destination
Italy$11.4B

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

In 2023, countries that imported more from Uzbekistan than Azerbaijan included Switzerland ($8.18B), United Kingdom ($2.65B), and Russia ($3.02B).

In 2023, countries that imported more from Azerbaijan than Uzbekistan included Italy ($11.4B), Turkey ($5.85B), and Israel ($1.4B).

Difference in imports from Azerbaijan (Flag) and Uzbekistan (Flag) (2023)

Comparative Advantage Uzbekistan - Azerbaijan

Flow
Scale

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

During 2023, Uzbekistan had a large net trade with Azerbaijan in the exports of Textiles ($42M), Machines ($27.8M), and Metals ($22.7M).

During 2018, Azerbaijan had a large net trade with Uzbekistan in the exports of Transportation ($46.9M), Mineral Products ($20.8M), and Metals ($12.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uzbekistan Azerbaijan+$489kCars
Top Product Potential Azerbaijan Uzbekistan+$1.36MRefined 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 Uzbekistan and Azerbaijan. This means that a dot/product with the flag of Uzbekistan indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Uzbekistan.

Product Space of Uzbekistan (Flag) and Azerbaijan (Flag) (2023)

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