GDP$17.4BCURRENT US$Rnk 124 / 186 GDP GROWTH56.2%CURRENT US$Rnk 48 / 186
GDP$78.7BCURRENT US$Rnk 73 / 186 GDP GROWTH13%CURRENT US$Rnk 140 / 186 GDP PC $1,303CURRENT US$Rnk 161 / 186GDP PC GROWTH17.1%CURRENT US$Rnk 95 / 186GDP PC$7,737CURRENT US$Rnk 87 / 186GDP PC GROWTH3.21%CURRENT US$Rnk 134 / 186In N/A, Benin did not export any services to Azerbaijan.
Azerbaijan-Benin In N/A, Azerbaijan did not export any products to Benin.
In N/A, Azerbaijan did not export any services to Benin.
Comparison: In 2022, Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).
Benin does not register exports to Azerbaijan.
Azerbaijan does not register exports to Benin. The main products exported from Azerbaijan to Benin were Flavored Water ($52.3k) and Hard Liquor ($40.9k).
) to Azerbaijan () (2022)) to Benin () (2022)This map shows whether countries import more from Benin or Azerbaijan. Each country is colored based on the difference in imports they receive from Benin and Azerbaijan or the difference in the growth in imports.
In 2022, countries that imported more from Benin than Azerbaijan included Bangladesh ($406M), United Arab Emirates ($382M), and Egypt ($41.7M).
In 2022, countries that imported more from Azerbaijan than Benin included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).
) and Benin () (2022)This chart compares trade between Benin and Azerbaijan by product, considering products traded by both, Benin and Azerbaijan.
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.
This visualization shows the product space at the HS4 level with the flags of Benin and Azerbaijan. This means that a dot/product with the flag of Benin indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Benin.
) and Azerbaijan () (2022)
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