2022
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GDP
$301BCURRENT US$
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2012-2022
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GDP GROWTH
68.2%CURRENT US$
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2022
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 GDP
$78.7BCURRENT US$
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2012-2022
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GDP GROWTH
13%CURRENT US$
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2022
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GDP PC 
$15,892CURRENT US$
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2012-2022
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GDP PC GROWTH
77.9%CURRENT US$
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2022
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GDP PC
$7,737CURRENT US$
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2012-2022
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GDP PC GROWTH
3.21%CURRENT US$
Rnk 134 / 186

About

Romania-Azerbaijan In 2022, Romania exported $41.1M to Azerbaijan. The main products that Romania exported to Azerbaijan are Packaged Medicaments ($6.81M), Valves ($5.63M), and Machinery Having Individual Functions ($5.08M). During the last 27 years the exports of Romania to Azerbaijan have increased at an annualized rate of 10.4%, from $2.83M in 1995 to $41.1M in 2022.

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

Azerbaijan-Romania In 2022, Azerbaijan exported $449M to Romania. The main products that Azerbaijan exported to Romania were Crude Petroleum ($379M), Nitrogenous Fertilizers ($33.6M), and Acyclic Alcohols ($23.1M). During the last 27 years the exports of Azerbaijan to Romania have increased at an annualized rate of 20.1%, from $3.19M in 1995 to $449M in 2022.

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

Comparison In 2022,  Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). 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, Romania exported $41.1M to Azerbaijan. The main products exported from Romania to Azerbaijan were Packaged Medicaments ($6.81M), Valves ($5.63M), and Machinery Having Individual Functions ($5.08M). During the last 27 years the exports of Romania to Azerbaijan have increased at an annualized rate of 10.4%, from $2.83M in 1995 to $41.1M in 2022.

In 2022, Azerbaijan exported $449M to Romania. The main products exported from Azerbaijan to Romania were Crude Petroleum ($379M), Nitrogenous Fertilizers ($33.6M), and Acyclic Alcohols ($23.1M). During the last 27 years the exports of Azerbaijan to Romania have increased at an annualized rate of 20.1%, from $3.19M in 1995 to $449M in 2022.

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

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

Latest Data

Trade between Romania (Flag) and Azerbaijan (Flag)

Romania Exports

Azerbaijan Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$18.8B
Azerbaijan
Top Destination
Italy$18.3B

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

In 2021, countries that imported more from Romania than Azerbaijan were Germany ($18.8B), Hungary ($6.75B), and France ($5.73B).

In 2021, countries that imported more from Azerbaijan than Romania were Italy ($18.3B), India ($1.64B), and Israel ($1.68B).

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

Comparative Advantage Romania - Azerbaijan

Flow
Scale

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

During 2022, Romania had a large net trade with Azerbaijan in the exports of Machines ($13.9M), Chemical Products ($11.1M), and Foodstuffs ($5M).

During 2022, Azerbaijan had a large net trade with Romania in the exports of Mineral Products ($387M), Chemical Products ($56.7M), and Machines ($2.05M).

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

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

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