Azerbaijan's merchandise exports to low- and middle-income economies in Europe & Central Asia (% of total merchandise exports) was 19.4% in 2023, the latest year in the World Bank's World Development Indicators. That is up 13.24 percentage points from 6.16% in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 19.4% | 2023 |
| Five years earlier | 14.31% | 2018 |
| Ten years earlier | 6.16% | 2013 |
| Highest | 43.2% | 1998 |
| Lowest | 3.5% | 2008 |
| Average since 2014 | 16.43% | 2014–2023 |
| First recorded | 36.04% | 1992 |
What the numbers say
In 2023, Azerbaijan's merchandise exports to low- and middle-income economies in Europe & Central Asia (% of total merchandise exports) rose 6.7 percentage points on 2022 (from 12.7% to 19.4%).
Across the 30 yearly changes before that (1993 to 2022), the average change was −0.78 percentage points and a typical year strayed about 8.24 percentage points from that (the standard deviation). This year's change was 0.9 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 12.61 percentage points in 1998 and the biggest yearly fall was 23.63 percentage points in 2008. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 there is no clear straight-line trend: a straight line explains 30% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2023, Azerbaijan had the 17th highest value of the 188 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Azerbaijan | 19.4% | 2023 |
| World | 3.19% | 2023 |
| Europe & Central Asia | 5.27% | 2023 |
| Upper middle income | 3.17% | 2023 |
Closest to Azerbaijan in the 2023 ranking
- Croatia — 14th of 188: 21.44%
- Bosnia and Herzegovina — 15th of 188: 20.44%
- Albania — 16th of 188: 19.52%
- Serbia — 18th of 188: 18.94%
- Bulgaria — 19th of 188: 15.25%
- North Macedonia — 20th of 188: 15.2%
What this measures
Merchandise exports to low- and middle-income economies in Europe and Central Asia are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Europe and Central Asia region according to World Bank classification of economies. Data are as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 32 values
| Year | Merchandise exports to low- and middle-income economies in Europe & Central Asia (% of total merchandise exports) |
|---|---|
| 2023 | 19.4 |
| 2022 | 12.7 |
| 2021 | 19.62 |
| 2020 | 26.62 |
| 2019 | 20.05 |
| 2018 | 14.31 |
| 2017 | 15.82 |
| 2016 | 13.8 |
| 2015 | 16.36 |
| 2014 | 5.64 |
Merchandise exports to low- and middle-income economies in Europe & Central Asia (% of total merchandise exports) in nearby economies
More private sector & trade data for Azerbaijan
- Merchandise trade (% of GDP) — 65.08% (2025)
- Merchandise imports (current US$) — US$24.38 billion (2025)
- Merchandise exports (current US$) — US$25.04 billion (2025)
- Merchandise imports from economies in the Arab World (% of total merchandise imports) — 0.74% (2023)
- Merchandise imports from high-income economies (% of total merchandise imports) — 50.09% (2023)
- Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) — 26.54% (2023)
- Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) — 19.51% (2023)
Reading data like this
Questions people ask
- What is Azerbaijan's merchandise exports to low- and middle-income economies in Europe & Central Asia (% of total merchandise exports)?
- 19.4% in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1992?
- It is down 16.64 percentage points from 36.04% in 1992. The highest value was 43.2% in 1998 and the lowest 3.5% in 2008.
- How does Azerbaijan rank?
- 17th highest of 188 economies with data for 2023.
- Is the latest change in merchandise exports to low- and middle-income economies in Europe & Central Asia (% of total merchandise exports) unusual for Azerbaijan?
Source
World Bank, World Development Indicators, indicator TX.VAL.MRCH.R2.ZS, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); Direction of Trade database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in