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2022
Flag → Flag
Exports $612MRnk 13 / 141
2022
Flag → Flag
Top Product $611MCrude Petroleum
2022
Flag → Flag
Exports $93.5MRnk 99 / 216
2022
Flag → Flag
Top Product $76.8MPalm Oil
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.012Rnk 67 / 133
2022
Flag  
GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
Flag
 GDP$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP GROWTH43.7%CURRENT US$
Rnk 79 / 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$4,788CURRENT US$
Rnk 114 / 186
2012-2022
Flag
GDP PC GROWTH30.5%CURRENT US$
Rnk 62 / 186

About

Azerbaijan-Indonesia Trade: In 2022, Azerbaijan exported $612M to Indonesia. The main products that Azerbaijan exported to Indonesia were Crude Petroleum ($611M), Clays ($470k), and Gravel and Crushed Stone ($101k). Over the past 5 years the exports of Azerbaijan to Indonesia have increased at an annualized rate of 5.74%, from $463M in 2017 to $612M in 2022.

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

Indonesia-Azerbaijan Trade: In 2022, Indonesia exported $93.5M to Azerbaijan. The main products that Indonesia exported to Azerbaijan were Palm Oil ($76.8M), Refrigerators ($2.36M), and Soap ($1.92M). Over the past 5 years the exports of Indonesia to Azerbaijan have increased at an annualized rate of 14.3%,  from $47.9M in 2017 to $93.5M in 2022.

In 2022, Indonesia 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, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Azerbaijan exported $612M to Indonesia. The main products exported from Azerbaijan to Indonesia were Crude Petroleum ($611M), Clays ($470k), and Gravel and Crushed Stone ($101k). During the last 5 years the exports of Azerbaijan to Indonesia have increased at an annualized rate of 5.74%, from $463M in 2017 to $612M in 2022.

In 2017, Indonesia exported $93.5M to Azerbaijan. The main products exported from Indonesia to Azerbaijan were Palm Oil ($76.8M), Refrigerators ($2.36M), and Soap ($1.92M). During the last 5 years the exports of Indonesia to Azerbaijan have increased at an annualized rate of 14.3%, from $47.9M in 2022 to $93.5M in 2017.

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

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

Latest Data

Trade between Azerbaijan (Flag) and Indonesia (Flag)

Azerbaijan Exports

Indonesia Exports

Market Competitiveness

Color
Azerbaijan
Top DestinationItaly$18.3B
Indonesia
Top DestinationChina$67.7B

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

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

In 2022, countries that imported more from Indonesia than Azerbaijan included China ($67.7B), United States ($31.6B), and Japan ($26.6B).

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

Comparative Advantage Azerbaijan - Indonesia

Flow
Scale

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

During 2022, Azerbaijan had a large net trade with Indonesia in the exports of Mineral Products ($612M), Machines ($12.6k), and Foodstuffs ($12.5k).

During 2017, Indonesia had a large net trade with Azerbaijan in the exports of Animal and Vegetable Bi-Products ($77.1M), Machines ($5.22M), and Chemical Products ($3.29M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Azerbaijan Indonesia+$94.8MCrude Petroleum
Top Product Potential Indonesia Azerbaijan+$1.23MRefrigerators

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

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

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