Azerbaijan (AZE) and Nepal (NPL) Trade | The Observatory of Economic Complexity

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Azerbaijan-Nepal Trade: In 2022, Azerbaijan exported $51 to Nepal. The main products that Azerbaijan exported to Nepal were Knotted Carpets ($51). Over the past 8 years the exports of Azerbaijan to Nepal have decreased at an annualized rate of 41.5%, from $3.73k in 2014 to $51 in 2022.

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

Nepal-Azerbaijan Trade: In 2022, Nepal exported $44.8k to Azerbaijan. The main products that Nepal exported to Azerbaijan were Packaged Medicaments ($28.8k), Tufted Carpets ($7.01k), and Scarves ($5.57k). Over the past 8 years the exports of Nepal to Azerbaijan have increased at an annualized rate of 3.13%, from $38.4k in 2014 to $44.8k in 2022.

In 2022, Nepal 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, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Azerbaijan exported $51 to Nepal. The main products exported from Azerbaijan to Nepal were Knotted Carpets ($51). During the last 8 years the exports of Azerbaijan to Nepal have decreased at an annualized rate of 41.5%, from $3.73k in 2014 to $51 in 2022.

In 2017, Nepal exported $44.8k to Azerbaijan. The main products exported from Nepal to Azerbaijan were Packaged Medicaments ($28.8k), Tufted Carpets ($7.01k), and Scarves ($5.57k). During the last 5 years the exports of Nepal to Azerbaijan have increased at an annualized rate of 3.13%, from $38.4k in 2022 to $44.8k in 2017.

Exports from Azerbaijan () to Nepal () (2022)

Exports from Nepal () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Nepal ()

Azerbaijan Exports

Date

Aug 2017

Dec 2016

Apr 2015

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$18.3B

Nepal
Top DestinationIndia$956M

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

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

In 2022, countries that imported more from Nepal than Azerbaijan included Singapore ($25.5M), United States ($152M), and Central African Republic ($8.88M).

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

Comparative Advantage Azerbaijan - Nepal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Azerbaijan had a large net trade with Nepal in the exports of Textiles ($51).

During 2017, Nepal had a large net trade with Azerbaijan in the exports of Chemical Products ($29.1k), Textiles ($12.8k), and Instruments ($1.09k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Azerbaijan Nepal+$6.07kPetroleum Gas

Top Product Potential Nepal Azerbaijan+$33.8kPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Nepal () (2022)

Exports from Nepal () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Nepal ()

Azerbaijan Exports

Market Competitiveness

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

Comparative Advantage Azerbaijan - Nepal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Azerbaijan () and Nepal () (2022)

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