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2022
Flag → Flag
Exports $4.41MRnk 60 / 141
2022
Flag → Flag
Top Product $2.02MScrap Iron
2022
Flag → Flag
Exports $15.4MRnk 73 / 188
2022
Flag → Flag
Top Product $5.05MHarvesting Machinery
2022
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Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
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GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
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 GDP$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
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GDP GROWTH65.5%CURRENT US$
Rnk 34 / 186
2022
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GDP PC $7,737CURRENT US$
Rnk 87 / 186
2012-2022
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GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186
2022
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GDP PC$28,333CURRENT US$
Rnk 41 / 186
2012-2022
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GDP PC GROWTH62.8%CURRENT US$
Rnk 23 / 186

About

Azerbaijan-Estonia Trade: In 2022, Azerbaijan exported $4.41M to Estonia. The main products that Azerbaijan exported to Estonia were Scrap Iron ($2.02M), Stainless Steel Ingots ($1.23M), and Petroleum Resins ($265k). Over the past 5 years the exports of Azerbaijan to Estonia have increased at an annualized rate of 19.1%, from $1.84M in 2017 to $4.41M in 2022.

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

Estonia-Azerbaijan Trade: In 2022, Estonia exported $15.4M to Azerbaijan. The main products that Estonia exported to Azerbaijan were Harvesting Machinery ($5.05M), Bovine ($3.68M), and Ethylene Polymers ($1.02M). Over the past 5 years the exports of Estonia to Azerbaijan have increased at an annualized rate of 19%,  from $5.43M in 2017 to $15.4M in 2022.

In 2022, Estonia 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, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Azerbaijan exported $4.41M to Estonia. The main products exported from Azerbaijan to Estonia were Scrap Iron ($2.02M), Stainless Steel Ingots ($1.23M), and Petroleum Resins ($265k). During the last 5 years the exports of Azerbaijan to Estonia have increased at an annualized rate of 19.1%, from $1.84M in 2017 to $4.41M in 2022.

In 2017, Estonia exported $15.4M to Azerbaijan. The main products exported from Estonia to Azerbaijan were Harvesting Machinery ($5.05M), Bovine ($3.68M), and Ethylene Polymers ($1.02M). During the last 5 years the exports of Estonia to Azerbaijan have increased at an annualized rate of 19%, from $5.43M in 2022 to $15.4M in 2017.

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

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

Latest Data

Trade between Azerbaijan (Flag) and Estonia (Flag)

Azerbaijan Exports

Estonia Exports

Market Competitiveness

Color
Azerbaijan
Top DestinationItaly$18.3B
Estonia
Top DestinationFinland$3B

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

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

In 2022, countries that imported more from Estonia than Azerbaijan included Finland ($3B), Latvia ($2.77B), and Sweden ($1.9B).

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

Comparative Advantage Azerbaijan - Estonia

Flow
Scale

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

During 2022, Azerbaijan had a large net trade with Estonia in the exports of Metals ($3.49M), Foodstuffs ($367k), and Plastics and Rubbers ($265k).

During 2017, Estonia had a large net trade with Azerbaijan in the exports of Machines ($6.78M), Animal Products ($4.32M), and Plastics and Rubbers ($1.11M).

Economic Complexity

Competitive Landscape

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

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

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