2022
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GDP
$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
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GDP GROWTH
13%CURRENT US$
Rnk 140 / 186
2022
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 GDP
$360BCURRENT US$
Rnk 42 / 186
2012-2022
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GDP GROWTH
37%CURRENT US$
Rnk 89 / 186
2022
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GDP PC 
$7,737CURRENT US$
Rnk 87 / 186
2012-2022
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GDP PC GROWTH
3.21%CURRENT US$
Rnk 134 / 186
2022
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GDP PC
$48,984CURRENT US$
Rnk 20 / 186
2012-2022
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GDP PC GROWTH
33.4%CURRENT US$
Rnk 58 / 186

About

Azerbaijan-Hong Kong In 2022, Azerbaijan exported $3.93M to Hong Kong. The main products that Azerbaijan exported to Hong Kong are Animal Organs ($991k), Cars ($744k), and Liquid Dispersing Machines ($491k). During the last 27 years the exports of Azerbaijan to Hong Kong have increased at an annualized rate of 6.55%, from $708k in 1995 to $3.93M in 2022.

In 2022, Azerbaijan did not export any services to Hong Kong.

Hong Kong-Azerbaijan In 2022, Hong Kong exported $14.7M to Azerbaijan. The main products that Hong Kong exported to Azerbaijan were Base Metal Watches ($3.34M), Computers ($2.6M), and Medical Instruments ($1.17M). During the last 27 years the exports of Hong Kong to Azerbaijan have increased at an annualized rate of 15.5%, from $300k in 1995 to $14.7M in 2022.

In 2022, Hong Kong did not export any services to Azerbaijan.

Comparison In 2022,  Azerbaijan ranked 82 in the Economic Complexity Index (ECI -0.47), and 65 in total exports ($38.9B). That same year, Hong Kong ranked 26 in the Economic Complexity Index (ECI 0.99), and 39 in total exports ($113B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Azerbaijan exported $3.93M to Hong Kong. The main products exported from Azerbaijan to Hong Kong were Animal Organs ($991k), Cars ($744k), and Liquid Dispersing Machines ($491k). During the last 27 years the exports of Azerbaijan to Hong Kong have increased at an annualized rate of 6.55%, from $708k in 1995 to $3.93M in 2022.

In 2022, Hong Kong exported $14.7M to Azerbaijan. The main products exported from Hong Kong to Azerbaijan were Base Metal Watches ($3.34M), Computers ($2.6M), and Medical Instruments ($1.17M). During the last 27 years the exports of Hong Kong to Azerbaijan have increased at an annualized rate of 15.5%, from $300k in 1995 to $14.7M in 2022.

Exports from Azerbaijan (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to Azerbaijan (Flag) (2022)

Latest Data

Trade between Azerbaijan (Flag) and Hong Kong (Flag)

Azerbaijan Exports

Hong Kong Exports

Market Competitiveness

Color
Azerbaijan
Top Destination
Italy$18.3B
Hong Kong
Top Destination
China$23.4B

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

In 2021, countries that imported more from Azerbaijan than Hong Kong were Italy ($18.3B), Turkey ($3.57B), and Greece ($1.51B).

In 2021, countries that imported more from Hong Kong than Azerbaijan were China ($23.4B), India ($14.3B), and Netherlands ($6.56B).

Difference in imports from Hong Kong (Flag) and Azerbaijan (Flag) (2022)

Comparative Advantage Azerbaijan - Hong Kong

Flow
Scale

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

During 2022, Azerbaijan had a large net trade with Hong Kong in the exports of Animal Products ($1.07M), Machines ($911k), and Transportation ($860k).

During 2022, Hong Kong had a large net trade with Azerbaijan in the exports of Instruments ($6.01M), Machines ($5.9M), and Textiles ($635k).

Economic Complexity

Competitive Landscape

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 Hong Kong. Similarly, the more yellow a dot/product is, the more Hong Kong has comparative advantage over Azerbaijan.

Product Space of Azerbaijan (Flag) and Hong Kong (Flag) (2022)

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