Azerbaijan (AZE) and Colombia (COL) Trade | The Observatory of Economic Complexity

About

Azerbaijan-Colombia Trade: In 2022, Azerbaijan exported $33.5k to Colombia. The main products that Azerbaijan exported to Colombia were Excavation Machinery ($14.1k), Machinery Having Individual Functions ($5.72k), and Other Hand Tools ($3.87k). Over the past 5 years the exports of Azerbaijan to Colombia have decreased at an annualized rate of 14%, from $71.2k in 2017 to $33.5k in 2022.

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

Colombia-Azerbaijan Trade: In 2022, Colombia exported $5.77M to Azerbaijan. The main products that Colombia exported to Azerbaijan were Palm Oil ($5.11M), Cut Flowers ($172k), and Coffee ($151k). Over the past 5 years the exports of Colombia to Azerbaijan have increased at an annualized rate of 75.9%, from $342k in 2017 to $5.77M in 2022.

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

Comparison: In 2022, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B). That same year, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Azerbaijan exported $33.5k to Colombia. The main products exported from Azerbaijan to Colombia were Excavation Machinery ($14.1k), Machinery Having Individual Functions ($5.72k), and Other Hand Tools ($3.87k). During the last 5 years the exports of Azerbaijan to Colombia have decreased at an annualized rate of 14%, from $71.2k in 2017 to $33.5k in 2022.

In 2017, Colombia exported $5.77M to Azerbaijan. The main products exported from Colombia to Azerbaijan were Palm Oil ($5.11M), Cut Flowers ($172k), and Coffee ($151k). During the last 5 years the exports of Colombia to Azerbaijan have increased at an annualized rate of 75.9%, from $342k in 2022 to $5.77M in 2017.

Exports from Azerbaijan () to Colombia () (2022)

Exports from Colombia () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Colombia ()

Azerbaijan Exports

Date

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$18.3B

Colombia
Top DestinationUnited States$15.6B

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

In 2022, countries that imported more from Azerbaijan than Colombia included Italy ($18.3B), Greece ($1.51B), and Turkey ($3.57B).

In 2022, countries that imported more from Colombia than Azerbaijan included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

Difference in imports from Colombia () and Azerbaijan () (2022)

Comparative Advantage Azerbaijan - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Azerbaijan had a large net trade with Colombia in the exports of Machines ($24.6k), Metals ($4.68k), and Textiles ($1.86k).

During 2017, Colombia had a large net trade with Azerbaijan in the exports of Animal and Vegetable Bi-Products ($5.11M), Vegetable Products ($427k), and Chemical Products ($113k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Azerbaijan Colombia+$34.6kExcavation Machinery

Top Product Potential Colombia Azerbaijan+$460kPalm Oil

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Colombia () (2022)

Exports from Colombia () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Colombia ()

Azerbaijan Exports

Colombia Exports

Market Competitiveness

Difference in imports from Colombia () and Azerbaijan () (2022)

Comparative Advantage Azerbaijan - Colombia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Azerbaijan () and Colombia () (2022)

Keep Exploring