2022
Flag  
GDP
$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP GROWTH
43.7%CURRENT US$
Rnk 79 / 186
2022
Flag
 GDP
$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 140 / 186
2022
Flag
GDP PC 
$4,788CURRENT US$
Rnk 114 / 186
2012-2022
Flag
GDP PC GROWTH
30.5%CURRENT US$
Rnk 62 / 186
2022
Flag
GDP PC
$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH
3.21%CURRENT US$
Rnk 134 / 186

About

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.

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.

Comparison: In 2022,  Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $93.5M in 2022.

In 2017, 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 2022 to $612M in 2017.

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

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

Latest Data

Trade between Indonesia (Flag) and Azerbaijan (Flag)

Indonesia Exports

Azerbaijan Exports

Market Competitiveness

Color
Indonesia
Top Destination
China$67.7B
Azerbaijan
Top Destination
Italy$18.3B

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

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

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

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

Comparative Advantage Indonesia - Azerbaijan

Flow
Scale

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

During 2022, 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).

During 2017, Azerbaijan had a large net trade with Indonesia in the exports of Mineral Products ($612M), Machines ($12.6k), and Foodstuffs ($12.5k).

Potential Exports

Potential Exports

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

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with