Azerbaijan (AZE) and Spain (ESP) Trade | The Observatory of Economic Complexity

About

Azerbaijan-Spain Trade: In 2022, Azerbaijan exported $1.04B to Spain. The main products that Azerbaijan exported to Spain were Crude Petroleum ($1.03B), Acyclic Alcohols ($7.2M), and Hard Liquor ($1.16M). Over the past 5 years the exports of Azerbaijan to Spain have increased at an annualized rate of 21.6%, from $390M in 2017 to $1.04B in 2022.

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

Spain-Azerbaijan Trade: In 2022, Spain exported $88.7M to Azerbaijan. The main products that Spain exported to Azerbaijan were Navigation Equipment ($16.7M), Delivery Trucks ($7.94M), and Unglazed Ceramics ($4.04M). Over the past 5 years the exports of Spain to Azerbaijan have increased at an annualized rate of 7.39%, from $62.1M in 2017 to $88.7M in 2022.

In 2022, Spain 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Azerbaijan exported $1.04B to Spain. The main products exported from Azerbaijan to Spain were Crude Petroleum ($1.03B), Acyclic Alcohols ($7.2M), and Hard Liquor ($1.16M). During the last 5 years the exports of Azerbaijan to Spain have increased at an annualized rate of 21.6%, from $390M in 2017 to $1.04B in 2022.

In 2017, Spain exported $88.7M to Azerbaijan. The main products exported from Spain to Azerbaijan were Navigation Equipment ($16.7M), Delivery Trucks ($7.94M), and Unglazed Ceramics ($4.04M). During the last 5 years the exports of Spain to Azerbaijan have increased at an annualized rate of 7.39%, from $62.1M in 2022 to $88.7M in 2017.

Exports from Azerbaijan () to Spain () (2022)

Exports from Spain () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Spain ()

Azerbaijan Exports

Date

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$18.3B

Spain
Top DestinationFrance$65.2B

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

In 2022, countries that imported more from Azerbaijan than Spain included Georgia ($645M), Croatia ($990M), and Indonesia ($612M).

In 2022, countries that imported more from Spain than Azerbaijan included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

Comparative Advantage Azerbaijan - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Azerbaijan had a large net trade with Spain in the exports of Mineral Products ($1.03B), Chemical Products ($7.62M), and Foodstuffs ($1.16M).

During 2017, Spain had a large net trade with Azerbaijan in the exports of Machines ($25.7M), Transportation ($11.4M), and Textiles ($11.1M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Azerbaijan Spain+$209MCrude Petroleum

Top Product Potential Spain Azerbaijan+$9.91MPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Spain () (2022)

Exports from Spain () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Spain ()

Azerbaijan Exports

Spain Exports

Market Competitiveness

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

Comparative Advantage Azerbaijan - Spain

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 Spain () (2022)

Keep Exploring