2022
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GDP
$406BCURRENT US$
Rnk 36 / 186
2012-2022
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GDP GROWTH
29.2%CURRENT US$
Rnk 102 / 186
2022
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 GDP
$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
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GDP GROWTH
13%CURRENT US$
Rnk 140 / 186
2022
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GDP PC 
$11,972CURRENT US$
Rnk 69 / 186
2012-2022
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GDP PC GROWTH
12.9%CURRENT US$
Rnk 104 / 186
2022
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GDP PC
$7,737CURRENT US$
Rnk 87 / 186
2012-2022
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GDP PC GROWTH
3.21%CURRENT US$
Rnk 134 / 186

About

Malaysia-Azerbaijan In 2022, Malaysia exported $46.7M to Azerbaijan. The main products that Malaysia exported to Azerbaijan are Palm Oil ($20.7M), Rubber Apparel ($2.28M), and Chlorides ($2.26M). During the last 27 years the exports of Malaysia to Azerbaijan have increased at an annualized rate of 22.7%, from $185k in 1995 to $46.7M in 2022.

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

Azerbaijan-Malaysia In 2022, Azerbaijan exported $38.9M to Malaysia. The main products that Azerbaijan exported to Malaysia were Crude Petroleum ($33.1M), Gas Turbines ($5M), and Chocolate ($236k). During the last 27 years the exports of Azerbaijan to Malaysia have increased at an annualized rate of 44.2%, from $1.98k in 1995 to $38.9M in 2022.

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

Comparison In 2022,  Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B). 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
Value

In 2022, Malaysia exported $46.7M to Azerbaijan. The main products exported from Malaysia to Azerbaijan were Palm Oil ($20.7M), Rubber Apparel ($2.28M), and Chlorides ($2.26M). During the last 27 years the exports of Malaysia to Azerbaijan have increased at an annualized rate of 22.7%, from $185k in 1995 to $46.7M in 2022.

In 2022, Azerbaijan exported $38.9M to Malaysia. The main products exported from Azerbaijan to Malaysia were Crude Petroleum ($33.1M), Gas Turbines ($5M), and Chocolate ($236k). During the last 26 years the exports of Azerbaijan to Malaysia have increased at an annualized rate of 44.2%, from $1.98k in 1996 to $38.9M in 2022.

Exports from Malaysia (Flag) to Azerbaijan (Flag) (2022)

Exports from Azerbaijan (Flag) to Malaysia (Flag) (2022)

Market Competitiveness

Color
Malaysia
Top Destination
Singapore$53.8B
Azerbaijan
Top Destination
Italy$18.3B

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

In 2021, countries that imported more from Malaysia than Azerbaijan were Singapore ($53.8B), China ($48.5B), and United States ($44.2B).

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

Difference in imports from Azerbaijan (Flag) and Malaysia (Flag) (2022)

Comparative Advantage Malaysia - Azerbaijan

Flow
Scale

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

During 2022, Malaysia had a large net trade with Azerbaijan in the exports of Animal and Vegetable Bi-Products ($22.8M), Machines ($10.3M), and Chemical Products ($5.07M).

During 2022, Azerbaijan had a large net trade with Malaysia in the exports of Mineral Products ($33.1M), Machines ($5.26M), and Foodstuffs ($448k).

Economic Complexity

Competitive Landscape

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

Product Space of Malaysia (Flag) and Azerbaijan (Flag) (2022)

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