Azerbaijan (AZE) and Iran (IRN) Trade | The Observatory of Economic Complexity

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Azerbaijan-Iran In 2022, Azerbaijan exported $29.8M to Iran. The main products that Azerbaijan exported to Iran are Raw Cotton ($8.62M), Petroleum Gas ($6.59M), and Electricity ($5.47M). During the last 26 years the exports of Azerbaijan to Iran have decreased at an annualized rate of 7.5%, from $226M in 1996 to $29.8M in 2022.

In 2008, Azerbaijan exported services to Iran worth $73.9M, with Travel ($60.1M), Services not allocated ($7.79M), and Transportation ($3.53M) being the largest in terms of value.

Iran-Azerbaijan In 2022, Iran exported $454M to Azerbaijan. The main products that Iran exported to Azerbaijan were Ethylene Polymers ($43.3M), Raw Aluminium ($26.5M), and Butter ($26.3M). During the last 26 years the exports of Iran to Azerbaijan have increased at an annualized rate of 7.85%, from $63.6M in 1996 to $454M in 2022.

In 2022, Iran 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, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Azerbaijan exported $29.8M to Iran. The main products exported from Azerbaijan to Iran were Raw Cotton ($8.62M), Petroleum Gas ($6.59M), and Electricity ($5.47M). During the last 26 years the exports of Azerbaijan to Iran have decreased at an annualized rate of 7.5%, from $226M in 1996 to $29.8M in 2022.

In 2022, Iran exported $454M to Azerbaijan. The main products exported from Iran to Azerbaijan were Ethylene Polymers ($43.3M), Raw Aluminium ($26.5M), and Butter ($26.3M). During the last 26 years the exports of Iran to Azerbaijan have increased at an annualized rate of 7.85%, from $63.6M in 1996 to $454M in 2022.

Exports from Azerbaijan () to Iran () (2022)

Exports from Iran () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Iran ()

Azerbaijan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$18.3B

Iran
Top DestinationChina$5.72B

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

In 2021, countries that imported more from Azerbaijan than Iran were Italy ($18.3B), Israel ($1.68B), and Greece ($1.51B).

In 2021, countries that imported more from Iran than Azerbaijan were China ($5.72B), Kuwait ($960M), and Pakistan ($762M).

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

Comparative Advantage Azerbaijan - Iran

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Azerbaijan had a large net trade with Iran in the exports of Mineral Products ($12.1M), Textiles ($9.51M), and Machines ($2.06M).

During 2022, Iran had a large net trade with Azerbaijan in the exports of Metals ($108M), Plastics and Rubbers ($90.7M), and Stone And Glass ($53.3M).

Service Trade

Bilateral Service Trade

Aze Year

In 2008, Azerbaijan exported services to Iran worth $73.9M, with Travel ($60.1M), Services not allocated ($7.79M), and Transportation ($3.53M) being the largest in terms of value.

Service trade data is presented based on availability.

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

About

Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Iran () (2022)

Exports from Iran () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Iran ()

Azerbaijan Exports

Market Competitiveness

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

Comparative Advantage Azerbaijan - Iran

Service Trade

Bilateral Service Trade

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

Economic Complexity

Competitive Landscape

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

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