Albania (ALB) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Albania-Azerbaijan Trade: In 2023, Albania exported $577k to Azerbaijan. The main products that Albania exported to Azerbaijan were Baked Goods ($91.6k), Non-Knit Women's Suits ($88.5k), and Packaged Medicaments ($78.3k). Over the past 5 years the exports of Albania to Azerbaijan have increased at an annualized rate of 1.31%, from $541k in 2018 to $577k in 2023.

In 2023, Albania did not export any services to Azerbaijan.

Azerbaijan-Albania In N/A, Azerbaijan did not export any products to Albania.

In 2023, Azerbaijan did not export any services to Albania.

Comparison: In 2023, Albania ranked 77 in the Economic Complexity Index (ECI -0.33), and 134 in total exports ($4.25B). That same year, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Albania exported $577k to Azerbaijan. The main products exported from Albania to Azerbaijan were Baked Goods ($91.6k), Non-Knit Women's Suits ($88.5k), and Packaged Medicaments ($78.3k). During the last 5 years the exports of Albania to Azerbaijan have increased at an annualized rate of 1.31%, from $541k in 2018 to $577k in 2023.

Azerbaijan does not register exports to Albania. The main products exported from Azerbaijan to Albania were Petroleum Gas ($22.1M), Nitrogenous Fertilizers ($804k), and Insulated Wire ($105k).

Exports from Albania () to Azerbaijan () (2023)

Exports from Azerbaijan () to Albania () (2023)

Latest Data

Trade between Albania () and Azerbaijan ()

Albania Exports

Date

Mar 2013

Jan 2012

Azerbaijan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Albania
Top DestinationItaly$1.72B

Azerbaijan
Top DestinationItaly$11.4B

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

In 2023, countries that imported more from Albania than Azerbaijan included North Macedonia ($134M), Serbia ($188M), and Montenegro ($82.3M).

In 2023, countries that imported more from Azerbaijan than Albania included Italy ($11.4B), Turkey ($5.85B), and Israel ($1.4B).

Difference in imports from Azerbaijan () and Albania () (2023)

Comparative Advantage Albania - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Albania had a large net trade with Azerbaijan in the exports of Textiles ($276k), Foodstuffs ($106k), and Chemical Products ($78.3k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Albania Azerbaijan+$172kLeather Footwear

Top Product Potential Azerbaijan Albania+$170kNitrogenous Fertilizers

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Albania and Azerbaijan. This means that a dot/product with the flag of Albania indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Albania.

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Historical Data

Bilateral Trade by Products

Exports from Albania () to Azerbaijan () (2023)

Exports from Azerbaijan () to Albania () (2023)

Latest Data

Trade between Albania () and Azerbaijan ()

Albania Exports

Azerbaijan Exports

Market Competitiveness

Difference in imports from Azerbaijan () and Albania () (2023)

Comparative Advantage Albania - Azerbaijan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Albania () and Azerbaijan () (2023)

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