2023
Flag  
GDP
$646BCURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP GROWTH
17%CURRENT US$
Rnk 148 / 195
2023
Flag
 GDP
$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP GROWTH
-2.43%CURRENT US$
Rnk 173 / 195
2023
Flag
GDP PC 
$14,187CURRENT US$
Rnk 73 / 195
2013-2023
Flag
GDP PC GROWTH
9.44%CURRENT US$
Rnk 135 / 195
2023
Flag
GDP PC
$7,126CURRENT US$
Rnk 103 / 196
2013-2023
Flag
GDP PC GROWTH
-9.52%CURRENT US$
Rnk 168 / 195

About

Argentina-Azerbaijan Trade: In 2023, Argentina exported $52.4M to Azerbaijan. The main products that Argentina exported to Azerbaijan were Soybean Meal ($46.7M), Packaged Medicaments ($2.55M), and Ground Nuts ($1.02M). Over the past 5 years the exports of Argentina to Azerbaijan have increased at an annualized rate of 18.5%, from $22.4M in 2018 to $52.4M in 2023.

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

Azerbaijan-Argentina Trade: In 2023, Azerbaijan exported $30 to Argentina. The main products that Azerbaijan exported to Argentina were Centrifuges ($30). Over the past 5 years the exports of Azerbaijan to Argentina have decreased at an annualized rate of 72.8%,  from $20.3k in 2018 to $30 in 2023.

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

Comparison: In 2023,  Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B). 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
Value

In 2023, Argentina exported $52.4M to Azerbaijan. The main products exported from Argentina to Azerbaijan were Soybean Meal ($46.7M), Packaged Medicaments ($2.55M), and Ground Nuts ($1.02M). During the last 5 years the exports of Argentina to Azerbaijan have increased at an annualized rate of 18.5%, from $22.4M in 2018 to $52.4M in 2023.

In 2018, Azerbaijan exported $30 to Argentina. The main products exported from Azerbaijan to Argentina were Centrifuges ($30). During the last 5 years the exports of Azerbaijan to Argentina have decreased at an annualized rate of 72.8%, from $20.3k in 2023 to $30 in 2018.

Exports from Argentina (Flag) to Azerbaijan (Flag) (2023)

Exports from Azerbaijan (Flag) to Argentina (Flag) (2023)

Latest Data

Trade between Argentina (Flag) and Azerbaijan (Flag)

Argentina Exports

Azerbaijan Exports

Market Competitiveness

Color
Argentina
Top Destination
Brazil$12.1B
Azerbaijan
Top Destination
Italy$11.4B

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

In 2023, countries that imported more from Argentina than Azerbaijan included Brazil ($12.1B), United States ($6.27B), and Chile ($5.57B).

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

Difference in imports from Azerbaijan (Flag) and Argentina (Flag) (2023)

Comparative Advantage Argentina - Azerbaijan

Flow
Scale

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

During 2023, Argentina had a large net trade with Azerbaijan in the exports of Foodstuffs ($47M), Chemical Products ($2.62M), and Vegetable Products ($1.31M).

During 2018, Azerbaijan had a large net trade with Argentina in the exports of Machines ($30).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Argentina Azerbaijan+$1.67MPackaged Medicaments
Top Product Potential Azerbaijan Argentina+$357kNitrogenous 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

Product Space of Argentina (Flag) and Azerbaijan (Flag) (2023)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with