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

About

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 11%, from $296M in 2017 to $498M in 2022.

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

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.

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

Latest Trends

June, 2024

About

Overview In June 2024, United Kingdom exported £132M and imported £46.9M from Azerbaijan, resulting in a positive trade balance of £84.6M. Between June 2023 and June 2024 the exports of United Kingdom have increased by £95.6M (267%) from £35.9M to £132M, while imports increased by £45M (2.27k%) from £1.98M to £46.9M.

Trade In June 2024, the top exports of United Kingdom to Azerbaijan were Cars (£20.6M), Gas Turbines (£1.62M), Liquid Pumps (£854k), Valves (£806k), and Other Engines (£738k). In June 2024 the top imports of United Kingdom from Azerbaijan were Gas Turbines (£1.61M), Surveying Equipment (£113k), Low-voltage Protection Equipment (£74.9k), Pepper (£54.7k), and Thermostats (£44.6k).

Origins In June 2024 the exports of United Kingdom were mainly from London Heathrow Airport (£121M), Dover Eurotunnel (£3.69M), Felixstowe (£2.04M), Avonmouth (£1.41M), and Grimsby (£702k), while imports destinations were mainly Hull (£45.3M), London Heathrow Airport (£905k), Tyne (£432k), Prestwick Airport (£108k), and Aberdeen (£97.2k).

Growth In June 2024, the increase in United Kingdom's year-by-year exports to Azerbaijan was explained primarily by an increase in product exports in Cars (£12.3M or 150%), Gas Turbines (£1.58M or 4.22k%), and Liquid Pumps (£825k or 2.8k%). In June 2024, the increase in United Kingdom's year-by-year imports  from Azerbaijan was explained primarily by an increase in product imports  in Surveying Equipment (£106k or 1.55k%), Machinery Having Individual Functions (£30.2k or 318%), and Large Iron Containers (£10.9k or 116%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)£95.6M(267%)
IMPORT GROWTH (June 2023 - June 2024)£45M(2.27k%)
MAIN EXPORTER (June 2024)London Heathrow Airport£121M

This section shows exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United Kingdom over time.

To check Azerbaijan and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Azerbaijan and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 11%, from $296M in 2017 to $498M in 2022.

In 2017, 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 2022 to $373M in 2017.

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

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

Market Competitiveness

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

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

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

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

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

Comparative Advantage United Kingdom - Azerbaijan

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Azerbaijan in the exports of Transportation ($247M), Machines ($153M), and Metals ($31.8M).

During 2017, Azerbaijan had a large net trade with United Kingdom in the exports of Mineral Products ($346M), Metals ($10.9M), and Machines ($7.86M).

Potential Exports

Potential Exports

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

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

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

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