2022
Flag  
GDP
$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH
37%CURRENT US$
Rnk 89 / 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 
$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH
33.4%CURRENT US$
Rnk 58 / 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

Hong Kong-Azerbaijan Trade: In 2022, Hong Kong exported $14.7M to Azerbaijan. The main products that Hong Kong exported to Azerbaijan were Base Metal Watches ($3.34M), Computers ($2.6M), and Medical Instruments ($1.17M). Over the past 5 years the exports of Hong Kong to Azerbaijan have decreased at an annualized rate of 2.62%, from $16.8M in 2017 to $14.7M in 2022.

In 2022, Hong Kong did not export any services to Azerbaijan.

Azerbaijan-Hong Kong Trade: In 2022, Azerbaijan exported $3.93M to Hong Kong. The main products that Azerbaijan exported to Hong Kong were Animal Organs ($991k), Cars ($744k), and Liquid Dispersing Machines ($491k). Over the past 5 years the exports of Azerbaijan to Hong Kong have increased at an annualized rate of 27.9%,  from $1.15M in 2017 to $3.93M in 2022.

In 2022, Azerbaijan did not export any services to Hong Kong.

Comparison: In 2022,  Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B). 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, Hong Kong exported $14.7M to Azerbaijan. The main products exported from Hong Kong to Azerbaijan were Base Metal Watches ($3.34M), Computers ($2.6M), and Medical Instruments ($1.17M). During the last 5 years the exports of Hong Kong to Azerbaijan have decreased at an annualized rate of 2.62%, from $16.8M in 2017 to $14.7M in 2022.

In 2017, Azerbaijan exported $3.93M to Hong Kong. The main products exported from Azerbaijan to Hong Kong were Animal Organs ($991k), Cars ($744k), and Liquid Dispersing Machines ($491k). During the last 5 years the exports of Azerbaijan to Hong Kong have increased at an annualized rate of 27.9%, from $1.15M in 2022 to $3.93M in 2017.

Exports from Hong Kong (Flag) to Azerbaijan (Flag) (2022)

Exports from Azerbaijan (Flag) to Hong Kong (Flag) (2022)

Latest Data

Trade between Hong Kong (Flag) and Azerbaijan (Flag)

Hong Kong Exports

Azerbaijan Exports

Market Competitiveness

Color
Hong Kong
Top Destination
China$23.4B
Azerbaijan
Top Destination
Italy$18.3B

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

In 2022, countries that imported more from Hong Kong than Azerbaijan included China ($23.4B), India ($14.3B), and Netherlands ($6.56B).

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

Difference in imports from Azerbaijan (Flag) and Hong Kong (Flag) (2022)

Comparative Advantage Hong Kong - Azerbaijan

Flow
Scale

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

During 2022, Hong Kong had a large net trade with Azerbaijan in the exports of Instruments ($6.01M), Machines ($5.9M), and Textiles ($635k).

During 2017, Azerbaijan had a large net trade with Hong Kong in the exports of Animal Products ($1.07M), Machines ($911k), and Transportation ($860k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hong Kong Azerbaijan+$2.8MComputers
Top Product Potential Azerbaijan Hong Kong+$836kCars

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

Product Space of Hong Kong (Flag) and Azerbaijan (Flag) (2022)

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