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Pricing

2022
Flag → Flag
Exports $29.8MRnk 39 / 141
2022
Flag → Flag
Top Product $8.62MRaw Cotton
2022
Flag → Flag
Exports $454MRnk 7 / 127
2022
Flag → Flag
Top Product $43.3MEthylene Polymers
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag  
GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
Flag
 GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 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$4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186

About

Azerbaijan-Iran Trade: In 2022, Azerbaijan exported $29.8M to Iran. The main products that Azerbaijan exported to Iran were Raw Cotton ($8.62M), Petroleum Gas ($6.59M), and Electricity ($5.47M). Over the past 5 years the exports of Azerbaijan to Iran have decreased at an annualized rate of 1.11%, from $31.5M in 2017 to $29.8M in 2022.

In 2008, Azerbaijan exported services to Iran worth $73.9M, with Travel ($60.1M), Services not allocated ($7.79M), and Transportation ($3.53M) being the largest in terms of value.

Iran-Azerbaijan Trade: In 2022, Iran exported $454M to Azerbaijan. The main products that Iran exported to Azerbaijan were Ethylene Polymers ($43.3M), Raw Aluminium ($26.5M), and Butter ($26.3M). Over the past 5 years the exports of Iran to Azerbaijan have increased at an annualized rate of 4.38%,  from $367M in 2017 to $454M in 2022.

In 2022, Iran 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, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Azerbaijan exported $29.8M to Iran. The main products exported from Azerbaijan to Iran were Raw Cotton ($8.62M), Petroleum Gas ($6.59M), and Electricity ($5.47M). During the last 5 years the exports of Azerbaijan to Iran have decreased at an annualized rate of 1.11%, from $31.5M in 2017 to $29.8M in 2022.

In 2017, Iran exported $454M to Azerbaijan. The main products exported from Iran to Azerbaijan were Ethylene Polymers ($43.3M), Raw Aluminium ($26.5M), and Butter ($26.3M). During the last 5 years the exports of Iran to Azerbaijan have increased at an annualized rate of 4.38%, from $367M in 2022 to $454M in 2017.

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

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

Latest Data

Trade between Azerbaijan (Flag) and Iran (Flag)

Azerbaijan Exports

Market Competitiveness

Color
Azerbaijan
Top DestinationItaly$18.3B
Iran
Top DestinationChina$5.72B

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

In 2022, countries that imported more from Azerbaijan than Iran included Italy ($18.3B), Israel ($1.68B), and Greece ($1.51B).

In 2022, countries that imported more from Iran than Azerbaijan included China ($5.72B), Kuwait ($960M), and Pakistan ($762M).

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

Comparative Advantage Azerbaijan - Iran

Flow
Scale

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

During 2022, Azerbaijan had a large net trade with Iran in the exports of Mineral Products ($12.1M), Textiles ($9.51M), and Machines ($2.06M).

During 2017, Iran had a large net trade with Azerbaijan in the exports of Metals ($108M), Plastics and Rubbers ($90.7M), and Stone And Glass ($53.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Azerbaijan Iran+$7.54MPetroleum Gas
Top Product Potential Iran Azerbaijan+$6MEthylene Polymers

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

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

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