Azerbaijan (AZE) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Azerbaijan-Austria In 2022, Azerbaijan exported $88.9M to Austria. The main products that Azerbaijan exported to Austria are Crude Petroleum ($88M), Ferroalloys ($340k), and Metal Mountings ($165k). During the last 27 years the exports of Azerbaijan to Austria have increased at an annualized rate of 17.1%, from $1.26M in 1995 to $88.9M in 2022.

In 2008, Azerbaijan exported services to Austria worth $178k, with Transportation ($178k) being the largest in terms of value.

Austria-Azerbaijan In 2022, Austria exported $70.9M to Azerbaijan. The main products that Austria exported to Azerbaijan were Flavored Water ($6.3M), Packaged Medicaments ($6.17M), and Lifting Machinery ($5.96M). During the last 27 years the exports of Austria to Azerbaijan have increased at an annualized rate of 14.2%, from $1.96M in 1995 to $70.9M in 2022.

In 2022, Austria 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, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Azerbaijan exported $88.9M to Austria. The main products exported from Azerbaijan to Austria were Crude Petroleum ($88M), Ferroalloys ($340k), and Metal Mountings ($165k). During the last 27 years the exports of Azerbaijan to Austria have increased at an annualized rate of 17.1%, from $1.26M in 1995 to $88.9M in 2022.

In 2022, Austria exported $70.9M to Azerbaijan. The main products exported from Austria to Azerbaijan were Flavored Water ($6.3M), Packaged Medicaments ($6.17M), and Lifting Machinery ($5.96M). During the last 27 years the exports of Austria to Azerbaijan have increased at an annualized rate of 14.2%, from $1.96M in 1995 to $70.9M in 2022.

Exports from Azerbaijan () to Austria () (2022)

Exports from Austria () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Austria ()

Azerbaijan Exports

Date

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$18.3B

Austria
Top DestinationGermany$57.7B

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

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

In 2021, countries that imported more from Austria than Azerbaijan were Germany ($57.7B), United States ($14.4B), and Switzerland ($11.2B).

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

Comparative Advantage Azerbaijan - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Azerbaijan had a large net trade with Austria in the exports of Mineral Products ($88.1M), Metals ($603k), and Machines ($75.8k).

During 2022, Austria had a large net trade with Azerbaijan in the exports of Machines ($24.7M), Chemical Products ($11.3M), and Foodstuffs ($8.15M).

Service Trade

Bilateral Service Trade

Aze Year

In 2008, Azerbaijan exported services to Austria worth $178k, with Transportation ($178k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Azerbaijan () to Austria () (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 Azerbaijan has comparative advantage over Austria. Similarly, the more yellow a dot/product is, the more Austria has comparative advantage over Azerbaijan.

About

Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Austria () (2022)

Exports from Austria () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Austria ()

Azerbaijan Exports

Austria Exports

Market Competitiveness

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

Comparative Advantage Azerbaijan - Austria

Service Trade

Bilateral Service Trade

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

Economic Complexity

Competitive Landscape

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

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