Flag Azerbaijan / Greece Flag

2020
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Exports
: $514M, Rnk 4 / 131

2020
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Top Product
: $477M, Crude Petroleum

2020
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Exports
: $7.52M, Rnk 104 / 213

2020
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Top Product
: $1.66M, Other Heating Machinery

2020
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Economic Complexity (ECI)
: ECI -0.54, Rnk 83 / 127

2020
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Economic Complexity (ECI)
: ECI 0.26, Rnk 49 / 127

2020
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GDP
: $42.7B, CURRENT US$
Rnk 90 / 204

2010-2020
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GDP GROWTH
: -19.3%, CURRENT US$
Rnk 192 / 204

2020
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 GDP
: $189B, CURRENT US$
Rnk 51 / 204

2010-2020
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GDP GROWTH
: -36.4%, CURRENT US$
Rnk 200 / 204

2020
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GDP PC 
: $4,230, CURRENT US$
Rnk 123 / 204

2010-2020
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GDP PC GROWTH
: -27.6%, CURRENT US$
Rnk 189 / 204

2020
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GDP PC
: $17,647, CURRENT US$
Rnk 58 / 204

2010-2020
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GDP PC GROWTH
: -33.9%, CURRENT US$
Rnk 193 / 204

Azerbaijan-Greece In 2020, Azerbaijan exported $514M to Greece. The main products that Azerbaijan exported to Greece are Crude Petroleum ($477M), Petroleum Gas ($17M), and Refined Petroleum ($12.3M). During the last 25 years the exports of Azerbaijan to Greece have increased at an annualized rate of 28.5%, from $977k in 1995 to $514M in 2020.

In 2020, Azerbaijan did not export any services to Greece.

Greece-Azerbaijan In 2020, Greece exported $7.52M to Azerbaijan. The main products that Greece exported to Azerbaijan were Other Heating Machinery ($1.66M), Packaged Medicaments ($875k), and Aluminium Foil ($440k). During the last 25 years the exports of Greece to Azerbaijan have increased at an annualized rate of 4.96%, from $2.24M in 1995 to $7.52M in 2020.

In 2020, Greece did not export any services to Azerbaijan.

Comparison In 2020,  Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.54), and 78 in total exports ($13.8B). That same year, Greece ranked 49 in the Economic Complexity Index (ECI 0.26), and 56 in total exports ($35.8B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Azerbaijan exported $514M to Greece. The main products exported from Azerbaijan to Greece were Crude Petroleum ($477M), Petroleum Gas ($17M), and Refined Petroleum ($12.3M). During the last 25 years the exports of Azerbaijan to Greece have increased at an annualized rate of 28.5%, from $977k in 1995 to $514M in 2020.

In 2020, Greece exported $7.52M to Azerbaijan. The main products exported from Greece to Azerbaijan were Other Heating Machinery ($1.66M), Packaged Medicaments ($875k), and Aluminium Foil ($440k). During the last 25 years the exports of Greece to Azerbaijan have increased at an annualized rate of 4.96%, from $2.24M in 1995 to $7.52M in 2020.

Azerbaijan Exports

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Greece Exports

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Market Competitiveness

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Measure

Azerbaijan
Top Destination
: Italy, $4.06B

Greece
Top Destination
: Italy, $3.39B

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

In 2019, countries that imported more from Azerbaijan than Greece were Turkey ($2.61B), Italy ($4.06B), and Russia ($728M).

In 2019, countries that imported more from Greece than Azerbaijan were Germany ($2.62B), France ($2.15B), and Cyprus ($2B).

Comparative Advantage Azerbaijan - Greece

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Flow
Scale

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

During 2020, Azerbaijan had a large net trade with Greece in the exports of Mineral Products ($507M), Metals ($7.17M), and Foodstuffs ($1.59k).

During 2020, Greece had a large net trade with Azerbaijan in the exports of Machines ($2.53M), Chemical Products ($1.48M), and Metals ($796k).

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Azerbaijan has comparative advantage over Greece. Similarly, the more yellow a dot/product is, the more Greece has comparative advantage over Azerbaijan.