2022
Flag  
GDP
$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 140 / 186
2022
Flag
GDP PC 
$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH
3.21%CURRENT US$
Rnk 134 / 186

About

Azerbaijan-Chinese Taipei Trade: In 2022, Azerbaijan exported $209M to Chinese Taipei. The main products that Azerbaijan exported to Chinese Taipei were Crude Petroleum ($209M), Fruit Juice ($11.9k), and Electric Motors ($2.16k). Over the past 5 years the exports of Azerbaijan to Chinese Taipei have decreased at an annualized rate of 4.84%, from $267M in 2017 to $209M in 2022.

In 2022, Azerbaijan did not export any services to Chinese Taipei.

Chinese Taipei-Azerbaijan Trade: In 2022, Chinese Taipei exported $19.4M to Azerbaijan. The main products that Chinese Taipei exported to Azerbaijan were Broadcasting Equipment ($2.03M), Metal Lathes ($1.24M), and Blank Audio Media ($1.03M). Over the past 5 years the exports of Chinese Taipei to Azerbaijan have increased at an annualized rate of 12.6%,  from $10.7M in 2017 to $19.4M in 2022.

In 2022, Chinese Taipei 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, Chinese Taipei ranked 3 in the Economic Complexity Index (ECI 1.94), and 11 in total exports ($542B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Azerbaijan exported $209M to Chinese Taipei. The main products exported from Azerbaijan to Chinese Taipei were Crude Petroleum ($209M), Fruit Juice ($11.9k), and Electric Motors ($2.16k). During the last 5 years the exports of Azerbaijan to Chinese Taipei have decreased at an annualized rate of 4.84%, from $267M in 2017 to $209M in 2022.

In 2017, Chinese Taipei exported $19.4M to Azerbaijan. The main products exported from Chinese Taipei to Azerbaijan were Broadcasting Equipment ($2.03M), Metal Lathes ($1.24M), and Blank Audio Media ($1.03M). During the last 5 years the exports of Chinese Taipei to Azerbaijan have increased at an annualized rate of 12.6%, from $10.7M in 2022 to $19.4M in 2017.

Exports from Azerbaijan (Flag) to Chinese Taipei (Flag) (2022)

Exports from Chinese Taipei (Flag) to Azerbaijan (Flag) (2022)

Market Competitiveness

Color
Azerbaijan
Top Destination
Italy$18.3B
Chinese Taipei
Top Destination
China$121B

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

In 2022, countries that imported more from Azerbaijan than Chinese Taipei included Italy ($18.3B), Turkey ($3.57B), and Greece ($1.51B).

In 2022, countries that imported more from Chinese Taipei than Azerbaijan included China ($121B), United States ($82.6B), and Hong Kong ($65.8B).

Difference in imports from Chinese Taipei (Flag) and Azerbaijan (Flag) (2022)

Comparative Advantage Azerbaijan - Chinese Taipei

Flow
Scale

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

During 2022, Azerbaijan had a large net trade with Chinese Taipei in the exports of Mineral Products ($209M), Foodstuffs ($11.9k), and Machines ($3.49k).

During 2017, Chinese Taipei had a large net trade with Azerbaijan in the exports of Machines ($10.4M), Plastics and Rubbers ($2.13M), and Metals ($1.93M).

Economic Complexity

Competitive Landscape

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

Product Space of Azerbaijan (Flag) and Chinese Taipei (Flag) (2022)

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