Azerbaijan (AZE) and Nigeria (NGA) Trade | The Observatory of Economic Complexity

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Azerbaijan-Nigeria Trade: In 2023, Azerbaijan exported $6.29M to Nigeria. The main products that Azerbaijan exported to Nigeria were Military Weapons ($2.87M), Other Firearms ($2.34M), and Excavation Machinery ($617k). Over the past 5 years the exports of Azerbaijan to Nigeria have increased at an annualized rate of 116%, from $132k in 2018 to $6.29M in 2023.

In 2023, Azerbaijan did not export any services to Nigeria.

Nigeria-Azerbaijan In N/A, Nigeria did not export any products to Azerbaijan.

In 2023, Nigeria did not export any services to Azerbaijan.

Comparison: In 2023, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B). That same year, Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Azerbaijan exported $6.29M to Nigeria. The main products exported from Azerbaijan to Nigeria were Military Weapons ($2.87M), Other Firearms ($2.34M), and Excavation Machinery ($617k). During the last 5 years the exports of Azerbaijan to Nigeria have increased at an annualized rate of 116%, from $132k in 2018 to $6.29M in 2023.

Nigeria does not register exports to Azerbaijan. The main products exported from Nigeria to Azerbaijan were Perfume Plants ($8.06k), Lifting Machinery ($7.62k), and Other Rubber Products ($2.81k).

Exports from Azerbaijan () to Nigeria () (2023)

Exports from Nigeria () to Azerbaijan () (2023)

Latest Data

Trade between Azerbaijan () and Nigeria ()

Azerbaijan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$11.4B

Nigeria
Top DestinationUnited States$6.29B

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

In 2023, countries that imported more from Azerbaijan than Nigeria included Italy ($11.4B), Turkey ($5.85B), and Russia ($1.2B).

In 2023, countries that imported more from Nigeria than Azerbaijan included United States ($6.29B), Spain ($5.76B), and France ($4.76B).

Difference in imports from Nigeria () and Azerbaijan () (2023)

Comparative Advantage Azerbaijan - Nigeria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Azerbaijan had a large net trade with Nigeria in the exports of Weapons ($5.21M), Machines ($698k), and Mineral Products ($303k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Azerbaijan Nigeria+$758kEthylene Polymers

Top Product Potential Nigeria Azerbaijan+$60.2kOther Oily Seeds

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.

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Nigeria () (2023)

Exports from Nigeria () to Azerbaijan () (2023)

Latest Data

Trade between Azerbaijan () and Nigeria ()

Azerbaijan Exports

Market Competitiveness

Difference in imports from Nigeria () and Azerbaijan () (2023)

Comparative Advantage Azerbaijan - Nigeria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Azerbaijan () and Nigeria () (2023)

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