Greece (GRC) and Azerbaijan (AZE) Trade | OEC - The Observatory of Economic Complexity

About

Greece-Azerbaijan In 2021, Greece exported $29.9M to Azerbaijan. The main products that Greece exported to Azerbaijan are Refined Petroleum ($9.08M), Aluminium Oxide ($4.75M), and Raw Tobacco ($4.66M). During the last 26 years the exports of Greece to Azerbaijan have increased at an annualized rate of 10.5%, from $2.24M in 1995 to $29.9M in 2021.

In 2021, Greece did not export any services to Azerbaijan.

Azerbaijan-Greece In 2021, Azerbaijan exported $501M to Greece. The main products that Azerbaijan exported to Greece were Petroleum Gas ($434M), Crude Petroleum ($63.2M), and Refined Petroleum ($2.89M). During the last 26 years the exports of Azerbaijan to Greece have increased at an annualized rate of 27.1%, from $977k in 1995 to $501M in 2021.

In 2021, Azerbaijan did not export any services to Greece.

Comparison In 2021, Greece ranked 50 in the Economic Complexity Index (ECI 0.32), and 44 in total exports ($82B). That same year, Azerbaijan ranked 85 in the Economic Complexity Index (ECI -0.52), and 71 in total exports ($22.8B).

Historical Data

Bilateral Trade by Products

Depth

Value

Year

In 2021, Greece exported $29.9M to Azerbaijan. The main products exported from Greece to Azerbaijan were Refined Petroleum ($9.08M), Aluminium Oxide ($4.75M), and Raw Tobacco ($4.66M). During the last 26 years the exports of Greece to Azerbaijan have increased at an annualized rate of 10.5%, from $2.24M in 1995 to $29.9M in 2021.

In 2021, Azerbaijan exported $501M to Greece. The main products exported from Azerbaijan to Greece were Petroleum Gas ($434M), Crude Petroleum ($63.2M), and Refined Petroleum ($2.89M). During the last 26 years the exports of Azerbaijan to Greece have increased at an annualized rate of 27.1%, from $977k in 1995 to $501M in 2021.

Latest Data

Greece Exports

Date

Azerbaijan Exports

Date

Market Competitiveness

Color

SectionYear

Greece
Top Destination: Italy, $6.8B

Azerbaijan
Top Destination: Italy, $9.46B

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 2021, countries that imported more from Greece than Azerbaijan were Germany ($6.09B), Cyprus ($4.47B), and France ($4.31B).

In 2021, countries that imported more from Azerbaijan than Greece were Italy ($9.46B), Georgia ($663M), and Russia ($931M).

Comparative Advantage Greece - Azerbaijan

Flow

Scale

Year

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

During 2021, Greece had a large net trade with Azerbaijan in the exports of Mineral Products ($9.14M), Chemical Products ($8.77M), and Foodstuffs ($5.31M).

During 2021, Azerbaijan had a large net trade with Greece in the exports of Mineral Products ($501M), Chemical Products ($63.2k), and Foodstuffs ($48.1k).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Greece has comparative advantage over Azerbaijan. Similarly, the more yellow a dot/product is, the more Azerbaijan has comparative advantage over Greece.

About

Historical Data

Bilateral Trade by Products

Latest Data

Greece Exports

Azerbaijan Exports

Market Competitiveness

Comparative Advantage Greece - Azerbaijan

Economic Complexity

Competitive Landscape

Related Profiles