Finland (FIN) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Finland-Azerbaijan In 2022, Finland exported $130M to Azerbaijan. The main products that Finland exported to Azerbaijan are Spark-Ignition Engines ($99.6M), Butter ($5.38M), and Harvesting Machinery ($4.5M). During the last 27 years the exports of Finland to Azerbaijan have increased at an annualized rate of 18.2%, from $1.43M in 1995 to $130M in 2022.

In 2022, Finland did not export any services to Azerbaijan.

Azerbaijan-Finland In 2022, Azerbaijan exported $779k to Finland. The main products that Azerbaijan exported to Finland were Ethylene Polymers ($229k), Packing Bags ($158k), and Fruit Juice ($150k). During the last 27 years the exports of Azerbaijan to Finland have increased at an annualized rate of 3.96%, from $273k in 1995 to $779k in 2022.

In 2008, Azerbaijan exported services to Finland worth $11k, with Communications services ($11k) being the largest in terms of value.

Comparison In 2022, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Finland exported $130M to Azerbaijan. The main products exported from Finland to Azerbaijan were Spark-Ignition Engines ($99.6M), Butter ($5.38M), and Harvesting Machinery ($4.5M). During the last 27 years the exports of Finland to Azerbaijan have increased at an annualized rate of 18.2%, from $1.43M in 1995 to $130M in 2022.

In 2022, Azerbaijan exported $779k to Finland. The main products exported from Azerbaijan to Finland were Ethylene Polymers ($229k), Packing Bags ($158k), and Fruit Juice ($150k). During the last 25 years the exports of Azerbaijan to Finland have increased at an annualized rate of 3.96%, from $273k in 1997 to $779k in 2022.

Exports from Finland () to Azerbaijan () (2022)

Exports from Azerbaijan () to Finland () (2022)

Latest Data

Trade between Finland () and Azerbaijan ()

Finland Exports

Date

Azerbaijan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationGermany$9.99B

Azerbaijan
Top DestinationItaly$18.3B

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

In 2021, countries that imported more from Finland than Azerbaijan were Germany ($9.99B), Sweden ($9.1B), and United States ($9.17B).

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

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

Comparative Advantage Finland - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Finland had a large net trade with Azerbaijan in the exports of Machines ($116M), Animal Products ($6.05M), and Chemical Products ($3.14M).

During 2022, Azerbaijan had a large net trade with Finland in the exports of Plastics and Rubbers ($229k), Metals ($161k), and Textiles ($159k).

Service Trade

Bilateral Service Trade

Aze Year

In 2008, Azerbaijan exported services to Finland worth $11k, with Communications services ($11k) being the largest in terms of value.

Service trade data is presented based on availability.

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

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Historical Data

Bilateral Trade by Products

Exports from Finland () to Azerbaijan () (2022)

Exports from Azerbaijan () to Finland () (2022)

Latest Data

Trade between Finland () and Azerbaijan ()

Finland Exports

Azerbaijan Exports

Market Competitiveness

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

Comparative Advantage Finland - Azerbaijan

Service Trade

Bilateral Service Trade

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

Economic Complexity

Competitive Landscape

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

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