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2022
Flag → Flag
Exports $373MRnk 19 / 141
2022
Flag → Flag
Top Product $345MCrude Petroleum
2022
Flag → Flag
Exports $498MRnk 65 / 224
2022
Flag → Flag
Top Product $238MCars
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC $7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186
2022
Flag
GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Azerbaijan-United Kingdom Trade: In 2022, Azerbaijan exported $373M to United Kingdom. The main products that Azerbaijan exported to United Kingdom were Crude Petroleum ($345M), Raw Aluminium ($7.38M), and Nitrogenous Fertilizers ($3.85M). Over the past 5 years the exports of Azerbaijan to United Kingdom have increased at an annualized rate of 55.5%, from $41.1M in 2017 to $373M in 2022.

In 2008, Azerbaijan exported services to United Kingdom worth $143M, with Transportation ($75.6M), Services not allocated ($45.6M), and Travel ($19.3M) being the largest in terms of value.

United Kingdom-Azerbaijan Trade: In 2022, United Kingdom exported $498M to Azerbaijan. The main products that United Kingdom exported to Azerbaijan were Cars ($238M), Gas Turbines ($79.6M), and Valves ($16.6M). Over the past 5 years the exports of United Kingdom to Azerbaijan have increased at an annualized rate of 9.06%,  from $296M in 2017 to $498M in 2022.

In 2022, United Kingdom did not export any services to Azerbaijan.

Comparison: In 2022,  Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B). That same year, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Azerbaijan exported $373M to United Kingdom. The main products exported from Azerbaijan to United Kingdom were Crude Petroleum ($345M), Raw Aluminium ($7.38M), and Nitrogenous Fertilizers ($3.85M). During the last 5 years the exports of Azerbaijan to United Kingdom have increased at an annualized rate of 55.5%, from $41.1M in 2017 to $373M in 2022.

In 2017, United Kingdom exported $498M to Azerbaijan. The main products exported from United Kingdom to Azerbaijan were Cars ($238M), Gas Turbines ($79.6M), and Valves ($16.6M). During the last 5 years the exports of United Kingdom to Azerbaijan have increased at an annualized rate of 9.06%, from $296M in 2022 to $498M in 2017.

Exports from Azerbaijan (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Azerbaijan (Flag) (2022)

Latest Data

Trade between Azerbaijan (Flag) and United Kingdom (Flag)

Azerbaijan Exports

United Kingdom Exports

Market Competitiveness

Color
Azerbaijan
Top DestinationItaly$18.3B
United Kingdom
Top DestinationUnited States$61.8B

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

In 2022, countries that imported more from Azerbaijan than United Kingdom included Italy ($18.3B), Croatia ($990M), and Greece ($1.51B).

In 2022, countries that imported more from United Kingdom than Azerbaijan included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

Difference in imports from United Kingdom (Flag) and Azerbaijan (Flag) (2022)

Comparative Advantage Azerbaijan - United Kingdom

Flow
Scale

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

During 2022, Azerbaijan had a large net trade with United Kingdom in the exports of Mineral Products ($346M), Metals ($10.9M), and Machines ($7.86M).

During 2017, United Kingdom had a large net trade with Azerbaijan in the exports of Transportation ($247M), Machines ($153M), and Metals ($31.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Azerbaijan United Kingdom+$299MCrude Petroleum
Top Product Potential United Kingdom Azerbaijan+$8.06MPackaged Medicaments

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

Product Space of Azerbaijan (Flag) and United Kingdom (Flag) (2022)

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