2022
Flag  
GDP
$219BCURRENT US$
Rnk 54 / 186
2012-2022
Flag
GDP GROWTH
-9.49%CURRENT US$
Rnk 174 / 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 
$20,732CURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP PC GROWTH
-5.39%CURRENT US$
Rnk 154 / 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

Greece-Azerbaijan Trade: In 2022, Greece exported $12.7M to Azerbaijan. The main products that Greece exported to Azerbaijan were Aluminium Oxide ($9.79M), Raw Tobacco ($6.92M), and Packaged Medicaments ($1.56M). Over the past 5 years the exports of Greece to Azerbaijan have increased at an annualized rate of 41.4%, from $2.24M in 2017 to $12.7M in 2022.

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

Azerbaijan-Greece Trade: In 2022, Azerbaijan exported $156M to Greece. The main products that Azerbaijan exported to Greece were Petroleum Gas ($1.24B), Crude Petroleum ($267M), and Nitrogenous Fertilizers ($1.92M). Over the past 5 years the exports of Azerbaijan to Greece have increased at an annualized rate of 175%,  from $984k in 2017 to $156M in 2022.

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

Comparison: In 2022,  Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B). 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, Greece exported $12.7M to Azerbaijan. The main products exported from Greece to Azerbaijan were Aluminium Oxide ($9.79M), Raw Tobacco ($6.92M), and Packaged Medicaments ($1.56M). During the last 5 years the exports of Greece to Azerbaijan have increased at an annualized rate of 41.4%, from $2.24M in 2017 to $12.7M in 2022.

In 2017, Azerbaijan exported $156M to Greece. The main products exported from Azerbaijan to Greece were Petroleum Gas ($1.24B), Crude Petroleum ($267M), and Nitrogenous Fertilizers ($1.92M). During the last 22 years the exports of Azerbaijan to Greece have increased at an annualized rate of 175%, from $984k in 1995 to $156M in 2017.

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

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

Latest Data

Trade between Greece (Flag) and Azerbaijan (Flag)

Greece Exports

Azerbaijan Exports

Market Competitiveness

Color
Greece
Top Destination
Italy$5.82B
Azerbaijan
Top Destination
Italy$18.3B

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

In 2022, countries that imported more from Greece than Azerbaijan included Bulgaria ($3.62B), Cyprus ($2.92B), and Germany ($3.45B).

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

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

Comparative Advantage Greece - Azerbaijan

Flow
Scale

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

During 2022, Greece had a large net trade with Azerbaijan in the exports of Chemical Products ($12.5M), Foodstuffs ($7.31M), and Metals ($1.32M).

During 2017, Azerbaijan had a large net trade with Greece in the exports of Mineral Products ($1.51B), Chemical Products ($1.93M), and Plastics and Rubbers ($349k).

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with