Azerbaijan

ECON COMPLEXITY (2018)

-0.53

RANK 91 OF 137

PRODUCT EXPORTS (2018)

$19.9B

RANK 73 OF 222

EXPORTS PER CAPITA (2018)

$2K

RANK 81 OF 219

PRODUCT IMPORTS (2018)

$11.9B

RANK 91 OF 221

IMPORTS PER CAPITA (2018)

$1.2K

RANK 88 of 219

SERVICE EXPORTS (2018)

$4.59B

RANK 44 OF 88

SERVICE IMPORTS (2018)

$6.7B

RANK 38 OF 88

GDP (2018)

$46.9B

CURRENT US$
RANK 89 OF 196

GDP GROWTH (2008-2018)

-3.92%

CURRENT US$
RANK 177 OF 196

GDP PC (2018)

$4721

CURRENT US$
RANK 111 OF 196

GDP PC GROWTH (2008-2018)

-15.3%

CURRENT US$
RANK 175 OF 196

Overview: In 2018 Azerbaijan was the number 89 economy in the world in terms of GDP (current US$), the number 73 in total exports, the number 91 in total imports, and the number 91 most complex economy according to the Economic Complexity Index (ECI). In 2018, Azerbaijan exported $19.9B and imported $11.9B, resulting in a positive trade balance of $8.01B. In 2018, Azerbaijan’s exports per capita were $2k and its imports per capita were $1.2k.

Trade: The top exports of Azerbaijan are Crude Petroleum ($16.1B), Petroleum Gas ($1.52B), Refined Petroleum ($524M), Tomatoes($177M), and Gold ($151M). The top imports of Azerbaijan are Gold($1.29B), Cars ($437M), Iron Pipes ($388M), Petroleum Gas ($313M), and Gas Turbines ($282M).

Destinations: Azerbaijan exports mostly to Italy ($5.99B), Turkey($1.85B), Israel ($1.31B), Czechia ($954M), and Germany ($820M), and imports mostly from Russia ($1.88B), Turkey ($1.55B), United Kingdom($1.3B), China ($674M), and Germany ($603M).

Location: Azerbaijan borders Armenia, Georgia, Iran, Russia, and Turkey by land and Turkmenistan by sea.

Exports

In 2018 Azerbaijan exported a total of $19.9B, making it the number 73 exporter in the world. During the last five reported years the exports of Azerbaijan have changed by -$9.04B from $29B in 2013 to $19.9B in 2018.

The most recent exports are led by Crude Petroleum ($16.1B), Petroleum Gas ($1.52B), Refined Petroleum ($524M), Tomatoes ($177M), and Gold ($151M).

Imports

Trade Balance

As of 2018 Azerbaijan had a positive trade balance of $6.17B in net exports. As compared to their trade balance in 1995 when they had a negative trade balance of $301M in net imports.

Destinations

The most common destination for the exports of Azerbaijan are Italy ($5.99B), Turkey ($1.85B), Israel ($1.31B), Czechia ($954M), and Germany ($820M).

Origins

The most common import partners for Azerbaijan are Russia ($1.88B), Turkey ($1.55B), United Kingdom ($1.3B), China ($674M), and Germany ($603M).