2022
Flag  
GDP
$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 140 / 186
2022
Flag
 GDP
$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH
10.8%CURRENT US$
Rnk 144 / 186
2022
Flag
GDP PC 
$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH
3.21%CURRENT US$
Rnk 134 / 186
2022
Flag
GDP PC
$7,905CURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP PC GROWTH
13.7%CURRENT US$
Rnk 101 / 186

About

Azerbaijan-Belarus Trade: In 2022, Azerbaijan exported $96.9M to Belarus. The main products that Azerbaijan exported to Belarus were Crude Petroleum ($57.6M), Raw Tobacco ($12.6M), and Tomatoes ($5.07M). Over the past 5 years the exports of Azerbaijan to Belarus have increased at an annualized rate of 39.1%, from $18.6M in 2017 to $96.9M in 2022.

In 2008, Azerbaijan exported services to Belarus worth $1.4M, with Travel ($962k), Transportation ($333k), and Services not allocated ($98k) being the largest in terms of value.

Belarus-Azerbaijan Trade: In 2022, Belarus exported $253M to Azerbaijan. The main products that Belarus exported to Azerbaijan were Railway Passenger Cars ($51.5M), Sawn Wood ($43.5M), and Self-Propelled Rail Transport ($17.4M). Over the past 5 years the exports of Belarus to Azerbaijan have increased at an annualized rate of 14.9%,  from $126M in 2017 to $253M in 2022.

In 2014, Belarus exported services to Azerbaijan worth $1.75M, with Computer and information services ($1.52M), Royalties and license fees ($143k), and Government services, n.i.e. ($76.2k) being the largest in terms of value.

Comparison: In 2022,  Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B). That same year, Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Azerbaijan exported $96.9M to Belarus. The main products exported from Azerbaijan to Belarus were Crude Petroleum ($57.6M), Raw Tobacco ($12.6M), and Tomatoes ($5.07M). During the last 5 years the exports of Azerbaijan to Belarus have increased at an annualized rate of 39.1%, from $18.6M in 2017 to $96.9M in 2022.

In 2017, Belarus exported $253M to Azerbaijan. The main products exported from Belarus to Azerbaijan were Railway Passenger Cars ($51.5M), Sawn Wood ($43.5M), and Self-Propelled Rail Transport ($17.4M). During the last 5 years the exports of Belarus to Azerbaijan have increased at an annualized rate of 14.9%, from $126M in 2022 to $253M in 2017.

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

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

Latest Data

Trade between Azerbaijan (Flag) and Belarus (Flag)

Azerbaijan Exports

Belarus Exports

Market Competitiveness

Color
Azerbaijan
Top Destination
Italy$18.3B
Belarus
Top Destination
China$1.6B

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

In 2022, countries that imported more from Azerbaijan than Belarus included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

In 2022, countries that imported more from Belarus than Azerbaijan included China ($1.6B), Ukraine ($1.29B), and Poland ($933M).

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

Comparative Advantage Azerbaijan - Belarus

Flow
Scale

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

During 2022, Azerbaijan had a large net trade with Belarus in the exports of Mineral Products ($61.4M), Foodstuffs ($15.7M), and Vegetable Products ($10.1M).

During 2017, Belarus had a large net trade with Azerbaijan in the exports of Transportation ($83.1M), Wood Products ($72.2M), and Animal Products ($28M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Azerbaijan Belarus+$1.74MRefined Petroleum
Top Product Potential Belarus Azerbaijan+$384kOther Furniture

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

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

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