2022
Flag  
GDP
$301BCURRENT US$
Rnk 45 / 186
2012-2022
Flag
GDP GROWTH
12.7%CURRENT US$
Rnk 142 / 186
2022
Flag
 GDP
$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 140 / 186
2022
Flag
GDP PC 
$15,356CURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP PC GROWTH
-0.33%CURRENT US$
Rnk 144 / 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

Chile-Azerbaijan Trade: In 2022, Chile exported $6.33M to Azerbaijan. The main products that Chile exported to Azerbaijan were Non-fillet Frozen Fish ($2.54M), Nitrites and Nitrates ($2.12M), and Sowing Seeds ($582k). Over the past 5 years the exports of Chile to Azerbaijan have increased at an annualized rate of 24.3%, from $2.14M in 2017 to $6.33M in 2022.

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

Azerbaijan-Chile Trade: In 2022, Azerbaijan exported $70.4k to Chile. The main products that Azerbaijan exported to Chile were Cars ($56.3k), Electric Batteries ($9.09k), and Other Rubber Products ($2.98k). Over the past 5 years the exports of Azerbaijan to Chile have increased at an annualized rate of 101%,  from $537 in 2017 to $70.4k in 2022.

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

Comparison: In 2022,  Chile ranked 74 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($99B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Chile exported $6.33M to Azerbaijan. The main products exported from Chile to Azerbaijan were Non-fillet Frozen Fish ($2.54M), Nitrites and Nitrates ($2.12M), and Sowing Seeds ($582k). During the last 5 years the exports of Chile to Azerbaijan have increased at an annualized rate of 24.3%, from $2.14M in 2017 to $6.33M in 2022.

In 2017, Azerbaijan exported $70.4k to Chile. The main products exported from Azerbaijan to Chile were Cars ($56.3k), Electric Batteries ($9.09k), and Other Rubber Products ($2.98k). During the last 5 years the exports of Azerbaijan to Chile have increased at an annualized rate of 101%, from $537 in 2022 to $70.4k in 2017.

Exports from Chile (Flag) to Azerbaijan (Flag) (2022)

Exports from Azerbaijan (Flag) to Chile (Flag) (2022)

Market Competitiveness

Color
Chile
Top Destination
China$38.5B
Azerbaijan
Top Destination
Italy$18.3B

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

In 2022, countries that imported more from Chile than Azerbaijan included China ($38.5B), United States ($13.9B), and Japan ($7.43B).

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

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

Comparative Advantage Chile - Azerbaijan

Flow
Scale

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

During 2022, Chile had a large net trade with Azerbaijan in the exports of Animal Products ($2.54M), Chemical Products ($2.25M), and Vegetable Products ($1.23M).

During 2017, Azerbaijan had a large net trade with Chile in the exports of Transportation ($58k), Machines ($9.4k), and Plastics and Rubbers ($2.98k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Azerbaijan+$446kOther Nuts
Top Product Potential Azerbaijan Chile+$200kCars

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

Product Space of Chile (Flag) and Azerbaijan (Flag) (2022)

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