Russia (RUS) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Pricing

Russia (RUS) and Azerbaijan (AZE) Trade

2022

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Exports $2.52BRnk 31 / 138

2022

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About

Russia-Azerbaijan In 2022, Russia exported $2.52B to Azerbaijan. The main products that Russia exported to Azerbaijan are Wheat ($294M), Refined Petroleum ($280M), and Crude Petroleum ($116M). During the last 26 years the exports of Russia to Azerbaijan have increased at an annualized rate of 10.1%, from $207M in 1996 to $2.52B in 2022.

In 2020, Russia exported services to Azerbaijan worth $227M, with Travel ($122M), Transportation ($41.6M), and Other business services ($29.1M) being the largest in terms of value.

Azerbaijan-Russia In 2022, Azerbaijan exported $974M to Russia. The main products that Azerbaijan exported to Russia were Other Fruits ($163M), Tomatoes ($162M), and Propylene Polymers ($96.5M). During the last 26 years the exports of Azerbaijan to Russia have increased at an annualized rate of 7.83%, from $137M in 1996 to $974M in 2022.

In 2008, Azerbaijan exported services to Russia worth $229M, with Transportation ($118M), Services not allocated ($62M), and Travel ($27.4M) being the largest in terms of value.

Comparison In 2022, Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B). That same year, Azerbaijan ranked 82 in the Economic Complexity Index (ECI -0.47), and 65 in total exports ($38.9B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $132M and imported $86.4M from Azerbaijan, resulting in a positive trade balance of $45.6M. Between January 2021 and January 2022 the exports of Russia have decreased by $-17.5M (-11.7%) from $149M to $132M, while imports increased by $38.2M (79.4%) from $48.1M to $86.4M.

Trade In January 2022, the top exports of Russia to Azerbaijan were Wheat ($34.3M), Telephones ($10.4M), Seed Oils ($6.38M), Sawn Wood ($5.14M), and Hot-Rolled Iron ($4.08M). In January 2022 the top imports of Russia from Azerbaijan were Other Fruits ($15.7M), Propylene Polymers ($7.65M), Tomatoes ($5.86M), Other Nuts ($3.22M), and Petroleum Gas ($2.31M).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($26.5M), MOSCOW REGION ($14.9M), STAVROPOL TERRITORY ($11.8M), CHELYABINSK REGION ($8.33M), and SVERDLOVSK REGION ($5.24M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($58.5M), MOSCOW REGION ($13.6M), KRASNODAR TERRITORY ($3.77M), ROSTOV REGION ($1.68M), and REPUBLIC OF TATARSTAN ($1.41M).

Growth In January 2022, the decrease in Russia's year-by-year exports to Azerbaijan was explained primarily by an decrease in product exports in Coated Flat-Rolled Iron ($-3.13M or -72.6%), Hot-Rolled Iron ($-2.75M or -40.2%), and Raw Sugar ($-2.2M or -99.3%). In January 2022, the increase in Russia's year-by-year imports from Azerbaijan was explained primarily by an increase in product imports in Propylene Polymers ($6.7M or 706%), Other Fruits ($4.86M or 44.7%), and Petroleum Coke ($1.54M or 268%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2021 - January 2022)$-17.5M(-11.7%)

IMPORT GROWTH (January 2021 - January 2022)$38.2M(79.4%)

MAIN EXPORTER (January 2022)MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION$26.5M

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

To check Azerbaijan and Russia trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Russia exported $2.52B to Azerbaijan. The main products exported from Russia to Azerbaijan were Wheat ($294M), Refined Petroleum ($280M), and Crude Petroleum ($116M). During the last 26 years the exports of Russia to Azerbaijan have increased at an annualized rate of 10.1%, from $207M in 1996 to $2.52B in 2022.

In 2022, Azerbaijan exported $974M to Russia. The main products exported from Azerbaijan to Russia were Other Fruits ($163M), Tomatoes ($162M), and Propylene Polymers ($96.5M). During the last 26 years the exports of Azerbaijan to Russia have increased at an annualized rate of 7.83%, from $137M in 1996 to $974M in 2022.

Exports from Russia () to Azerbaijan () (2022)

Exports from Azerbaijan () to Russia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Russia
Top DestinationChina$101B

Azerbaijan
Top DestinationItaly$18.3B

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

In 2021, countries that imported more from Russia than Azerbaijan were China ($101B), India ($40.4B), and Germany ($27.7B).

In 2021, countries that imported more from Azerbaijan than Russia were Israel ($1.68B), Croatia ($990M), and Portugal ($757M).

Difference in imports from Azerbaijan () and Russia () (2022)

Comparative Advantage Russia - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Russia had a large net trade with Azerbaijan in the exports of Mineral Products ($433M), Vegetable Products ($378M), and Metals ($360M).

During 2022, Azerbaijan had a large net trade with Russia in the exports of Vegetable Products ($589M), Plastics and Rubbers ($153M), and Mineral Products ($62.2M).

Service Trade

Bilateral Service Trade

Aze Year

Rus Year

In 2020, Russia exported services to Azerbaijan worth $227M, with Travel ($122M), Transportation ($41.6M), and Other business services ($29.1M) being the largest in terms of value.

In 2008, Azerbaijan exported services to Russia worth $229M, with Transportation ($118M), Services not allocated ($62M), and Travel ($27.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Azerbaijan () (2020)

Services Exports from Azerbaijan () to Russia () (2008)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Russia has comparative advantage over Azerbaijan. Similarly, the more yellow a dot/product is, the more Azerbaijan has comparative advantage over Russia.

Product Space of Russia () and Azerbaijan () (2022)

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