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2022
Flag → Flag
Exports $2.79kRnk 119 / 141
2022
Flag → Flag
Top Product $12.6kSurveying Equipment
2022
Flag → Flag
Exports $8.28MRnk 89 / 170
2022
Flag → Flag
Top Product $4.3MBananas
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC $7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186
2022
Flag
GDP PC$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

Azerbaijan-Ecuador Trade: In 2022, Azerbaijan exported $2.79k to Ecuador. The main products that Azerbaijan exported to Ecuador were Surveying Equipment ($12.6k) and Gas and Liquid Flow Measuring Instruments ($715). Over the past 5 years the exports of Azerbaijan to Ecuador have decreased at an annualized rate of 27.3%, from $13.7k in 2017 to $2.79k in 2022.

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

Ecuador-Azerbaijan Trade: In 2022, Ecuador exported $8.28M to Azerbaijan. The main products that Ecuador exported to Azerbaijan were Bananas ($4.3M), Cut Flowers ($2.03M), and Plant foliage ($51.4k). Over the past 5 years the exports of Ecuador to Azerbaijan have increased at an annualized rate of 205%,  from $31.5k in 2017 to $8.28M in 2022.

In 2022, Ecuador 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, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Azerbaijan exported $2.79k to Ecuador. The main products exported from Azerbaijan to Ecuador were Surveying Equipment ($12.6k) and Gas and Liquid Flow Measuring Instruments ($715). During the last 5 years the exports of Azerbaijan to Ecuador have decreased at an annualized rate of 27.3%, from $13.7k in 2017 to $2.79k in 2022.

In 2017, Ecuador exported $8.28M to Azerbaijan. The main products exported from Ecuador to Azerbaijan were Bananas ($4.3M), Cut Flowers ($2.03M), and Plant foliage ($51.4k). During the last 21 years the exports of Ecuador to Azerbaijan have increased at an annualized rate of 205%, from $31.5k in 1996 to $8.28M in 2017.

Exports from Azerbaijan (Flag) to Ecuador (Flag) (2022)

Exports from Ecuador (Flag) to Azerbaijan (Flag) (2022)

Latest Data

Trade between Azerbaijan (Flag) and Ecuador (Flag)

Azerbaijan Exports

Ecuador Exports

Market Competitiveness

Color
Azerbaijan
Top DestinationItaly$18.3B
Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Azerbaijan than Ecuador included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

In 2022, countries that imported more from Ecuador than Azerbaijan included United States ($9.86B), China ($6.17B), and Panama ($4.97B).

Difference in imports from Ecuador (Flag) and Azerbaijan (Flag) (2022)

Comparative Advantage Azerbaijan - Ecuador

Flow
Scale

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

During 2022, Azerbaijan had a large net trade with Ecuador in the exports of Instruments ($13.3k).

During 2017, Ecuador had a large net trade with Azerbaijan in the exports of Vegetable Products ($6.4M), Machines ($61.3k), and Animal Products ($34.1k).

Economic Complexity

Competitive Landscape

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

Product Space of Azerbaijan (Flag) and Ecuador (Flag) (2022)

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