Azerbaijan (AZE) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Azerbaijan-Armenia In 2021, Azerbaijan exported $722k to Armenia. The main products that Azerbaijan exported to Armenia are N/A. During the last 9 years the exports of Azerbaijan to Armenia have increased at an annualized rate of 196%, from $42 in 2012 to $722k in 2021.

In 2021, Azerbaijan did not export any services to Armenia.

Armenia-Azerbaijan In 2021, Armenia exported $1.27M to Azerbaijan. The main products that Armenia exported to Azerbaijan were Electricity ($1.27M). During the last 9 years the exports of Armenia to Azerbaijan have increased at an annualized rate of 160%, from $232 in 2012 to $1.27M in 2021.

In 2021, Armenia 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, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Azerbaijan exported $722k to Armenia. There were not main exports from Azerbaijan to Armenia in 2021. During the last 9 years the exports of Azerbaijan to Armenia have increased at an annualized rate of 196%, from $42 in 2012 to $722k in 2021.

In 2022, Armenia exported $1.27M to Azerbaijan. The main products exported from Armenia to Azerbaijan were Electricity ($1.27M). During the last 17 years the exports of Armenia to Azerbaijan have increased at an annualized rate of 160%, from $232 in 2005 to $1.27M in 2022.

Exports from Azerbaijan () to Armenia () (2022)

Exports from Armenia () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Armenia ()

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$18.3B

Armenia
Top DestinationRussia$2.36B

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

In 2021, countries that imported more from Azerbaijan than Armenia were Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

In 2021, countries that imported more from Armenia than Azerbaijan were Russia ($2.36B), United Arab Emirates ($535M), and Iraq ($250M).

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

Comparative Advantage Azerbaijan - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Azerbaijan had a large net trade with Armenia in the exports of .

During 2022, Armenia had a large net trade with Azerbaijan in the exports of Mineral Products ($1.27M).

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 Azerbaijan has comparative advantage over Armenia. Similarly, the more yellow a dot/product is, the more Armenia has comparative advantage over Azerbaijan.

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Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Armenia () (2022)

Exports from Armenia () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Armenia ()

Armenia Exports

Market Competitiveness

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

Comparative Advantage Azerbaijan - Armenia

Economic Complexity

Competitive Landscape

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

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