Azerbaijan (AZE) and Mexico (MEX) Trade | The Observatory of Economic Complexity

About

Azerbaijan-Mexico Trade: In 2022, Azerbaijan exported $33.5k to Mexico. The main products that Azerbaijan exported to Mexico were Refined Petroleum ($9.8k), Excavation Machinery ($9.71k), and Electrical Control Boards ($6.93k). Over the past 5 years the exports of Azerbaijan to Mexico have decreased at an annualized rate of 24%, from $132k in 2017 to $33.5k in 2022.

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

Mexico-Azerbaijan Trade: In 2022, Mexico exported $58.7M to Azerbaijan. The main products that Mexico exported to Azerbaijan were Raw Sugar ($22.8M), Cars ($15.2M), and Medical Instruments ($3.97M). Over the past 5 years the exports of Mexico to Azerbaijan have increased at an annualized rate of 25.7%, from $18.7M in 2017 to $58.7M in 2022.

In 2022, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Azerbaijan exported $33.5k to Mexico. The main products exported from Azerbaijan to Mexico were Refined Petroleum ($9.8k), Excavation Machinery ($9.71k), and Electrical Control Boards ($6.93k). During the last 5 years the exports of Azerbaijan to Mexico have decreased at an annualized rate of 24%, from $132k in 2017 to $33.5k in 2022.

In 2017, Mexico exported $58.7M to Azerbaijan. The main products exported from Mexico to Azerbaijan were Raw Sugar ($22.8M), Cars ($15.2M), and Medical Instruments ($3.97M). During the last 5 years the exports of Mexico to Azerbaijan have increased at an annualized rate of 25.7%, from $18.7M in 2022 to $58.7M in 2017.

Exports from Azerbaijan () to Mexico () (2022)

Exports from Mexico () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Mexico ()

Azerbaijan Exports

Date

Mexico Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$18.3B

Mexico
Top DestinationUnited States$421B

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

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

In 2022, countries that imported more from Mexico than Azerbaijan included United States ($421B), Canada ($22.2B), and China ($12.7B).

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

Comparative Advantage Azerbaijan - Mexico

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Azerbaijan had a large net trade with Mexico in the exports of Machines ($19.1k), Mineral Products ($9.8k), and Metals ($3.46k).

During 2017, Mexico had a large net trade with Azerbaijan in the exports of Foodstuffs ($24.8M), Transportation ($15.5M), and Machines ($8.46M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Azerbaijan Mexico+$188kRefined Petroleum

Top Product Potential Mexico Azerbaijan+$19.3MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Mexico () (2022)

Exports from Mexico () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Mexico ()

Azerbaijan Exports

Mexico Exports

Market Competitiveness

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

Comparative Advantage Azerbaijan - Mexico

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 Mexico () (2022)

Keep Exploring