Azerbaijan (AZE) and Cyprus (CYP) Trade | The Observatory of Economic Complexity

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Azerbaijan-Cyprus Trade: In 2022, Azerbaijan exported $20.9M to Cyprus. The main products that Azerbaijan exported to Cyprus were Coal Tar Oil ($11.1M), Petroleum Resins ($9.59M), and Ferroalloys ($213k). Over the past 5 years the exports of Azerbaijan to Cyprus have decreased at an annualized rate of 13.5%, from $43.2M in 2017 to $20.9M in 2022.

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

Cyprus-Azerbaijan Trade: In 2022, Cyprus exported $1.3M to Azerbaijan. The main products that Cyprus exported to Azerbaijan were Packaged Medicaments ($956k), Video Displays ($206k), and Beauty Products ($66.4k). Over the past 5 years the exports of Cyprus to Azerbaijan have increased at an annualized rate of 9.73%, from $820k in 2017 to $1.3M in 2022.

In 2022, Cyprus 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, Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Azerbaijan exported $20.9M to Cyprus. The main products exported from Azerbaijan to Cyprus were Coal Tar Oil ($11.1M), Petroleum Resins ($9.59M), and Ferroalloys ($213k). During the last 5 years the exports of Azerbaijan to Cyprus have decreased at an annualized rate of 13.5%, from $43.2M in 2017 to $20.9M in 2022.

In 2017, Cyprus exported $1.3M to Azerbaijan. The main products exported from Cyprus to Azerbaijan were Packaged Medicaments ($956k), Video Displays ($206k), and Beauty Products ($66.4k). During the last 5 years the exports of Cyprus to Azerbaijan have increased at an annualized rate of 9.73%, from $820k in 2022 to $1.3M in 2017.

Exports from Azerbaijan () to Cyprus () (2022)

Exports from Cyprus () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Cyprus ()

Azerbaijan Exports

Date

Cyprus Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$18.3B

Cyprus
Top DestinationHong Kong$482M

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

In 2022, countries that imported more from Azerbaijan than Cyprus included Italy ($18.3B), Turkey ($3.57B), and India ($1.64B).

In 2022, countries that imported more from Cyprus than Azerbaijan included Hong Kong ($482M), Lebanon ($329M), and Liberia ($255M).

Difference in imports from Cyprus () and Azerbaijan () (2022)

Comparative Advantage Azerbaijan - Cyprus

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Azerbaijan had a large net trade with Cyprus in the exports of Mineral Products ($11.1M), Plastics and Rubbers ($9.59M), and Metals ($213k).

During 2017, Cyprus had a large net trade with Azerbaijan in the exports of Chemical Products ($1.02M), Machines ($231k), and Textiles ($15.1k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Azerbaijan and Cyprus. This means that a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Cyprus. Similarly, a dot/product with the flag of Cyprus indicates it has a comparative advantage over Azerbaijan.

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Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Cyprus () (2022)

Exports from Cyprus () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Cyprus ()

Azerbaijan Exports

Cyprus Exports

Market Competitiveness

Difference in imports from Cyprus () and Azerbaijan () (2022)

Comparative Advantage Azerbaijan - Cyprus

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Azerbaijan () and Cyprus () (2022)

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