Azerbaijan (AZE) and Brazil (BRA) Trade | The Observatory of Economic Complexity

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Azerbaijan-Brazil Trade: In 2023, Azerbaijan exported $502k to Brazil. The main products that Azerbaijan exported to Brazil were Industrial Fatty Acids, Oils and Alcohols ($334k), Gas and Liquid Flow Measuring Instruments ($52.7k), and Nitrogen Heterocyclic Compounds ($46.8k). Over the past 5 years the exports of Azerbaijan to Brazil have decreased at an annualized rate of 20.5%, from $1.58M in 2018 to $502k in 2023.

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

Brazil-Azerbaijan Trade: In 2023, Brazil exported $218M to Azerbaijan. The main products that Brazil exported to Azerbaijan were Raw Sugar ($155M), Raw Tobacco ($12.8M), and Aluminium Oxide ($12.7M). Over the past 5 years the exports of Brazil to Azerbaijan have increased at an annualized rate of 5.11%, from $170M in 2018 to $218M in 2023.

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

Comparison: In 2023, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Azerbaijan exported $502k to Brazil. The main products exported from Azerbaijan to Brazil were Industrial Fatty Acids, Oils and Alcohols ($334k), Gas and Liquid Flow Measuring Instruments ($52.7k), and Nitrogen Heterocyclic Compounds ($46.8k). During the last 5 years the exports of Azerbaijan to Brazil have decreased at an annualized rate of 20.5%, from $1.58M in 2018 to $502k in 2023.

In 2018, Brazil exported $218M to Azerbaijan. The main products exported from Brazil to Azerbaijan were Raw Sugar ($155M), Raw Tobacco ($12.8M), and Aluminium Oxide ($12.7M). During the last 5 years the exports of Brazil to Azerbaijan have increased at an annualized rate of 5.11%, from $170M in 2023 to $218M in 2018.

Exports from Azerbaijan () to Brazil () (2023)

Exports from Brazil () to Azerbaijan () (2023)

Latest Data

Trade between Azerbaijan () and Brazil ()

Azerbaijan Exports

Date

Brazil Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$11.4B

Brazil
Top DestinationChina$106B

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

In 2023, countries that imported more from Azerbaijan than Brazil included Italy ($11.4B), Turkey ($5.85B), and Greece ($1.27B).

In 2023, countries that imported more from Brazil than Azerbaijan included China ($106B), United States ($37B), and Argentina ($17.2B).

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

Comparative Advantage Azerbaijan - Brazil

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Azerbaijan had a large net trade with Brazil in the exports of Chemical Products ($381k), Instruments ($65.5k), and Machines ($30.4k).

During 2018, Brazil had a large net trade with Azerbaijan in the exports of Foodstuffs ($185M), Chemical Products ($13.7M), and Vegetable Products ($9.58M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Azerbaijan Brazil+$8.91MNitrogenous Fertilizers

Top Product Potential Brazil Azerbaijan+$5.39MSoybean Meal

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 Azerbaijan and Brazil. This means that a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Brazil. Similarly, a dot/product with the flag of Brazil indicates it has a comparative advantage over Azerbaijan.

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Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Brazil () (2023)

Exports from Brazil () to Azerbaijan () (2023)

Latest Data

Trade between Azerbaijan () and Brazil ()

Azerbaijan Exports

Brazil Exports

Market Competitiveness

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

Comparative Advantage Azerbaijan - Brazil

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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