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Pricing

2022
Flag → Flag
Exports $757MRnk 10 / 141
2022
Flag → Flag
Exports $10.1MRnk 121 / 208
2022
Flag → Flag
Top Product $2MIntegrated Circuits
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag  
GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
Flag
 GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC $7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186
2022
Flag
GDP PC$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186

About

Azerbaijan-Portugal Trade: In 2022, Azerbaijan exported $757M to Portugal. The main products that Azerbaijan exported to Portugal were N/A. Over the past 5 years the exports of Azerbaijan to Portugal have increased at an annualized rate of 7.27%, from $533M in 2017 to $757M in 2022.

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

Portugal-Azerbaijan Trade: In 2022, Portugal exported $10.1M to Azerbaijan. The main products that Portugal exported to Azerbaijan were Integrated Circuits ($2M), Agglomerated Cork ($1.51M), and Packaged Medicaments ($868k). Over the past 5 years the exports of Portugal to Azerbaijan have increased at an annualized rate of 4.28%,  from $8.17M in 2017 to $10.1M in 2022.

In 2022, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Latest Data

Trade between Azerbaijan (Flag) and Portugal (Flag)

Azerbaijan Exports

Portugal Exports

Market Competitiveness

Color
Azerbaijan
Top DestinationItaly$18.3B
Portugal
Top DestinationSpain$20.5B

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

In 2022, countries that imported more from Azerbaijan than Portugal included Italy ($18.3B), Turkey ($3.57B), and India ($1.64B).

In 2022, countries that imported more from Portugal than Azerbaijan included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

Difference in imports from Portugal (Flag) and Azerbaijan (Flag) (2022)

Potential Exports

Potential Exports

Depth
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Top Product Potential Azerbaijan Portugal+$882kRefined Petroleum
Top Product Potential Portugal Azerbaijan+$2.07MPackaged 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

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

Product Space of Azerbaijan (Flag) and Portugal (Flag) (NaN)

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