2023
Flag  
GDP
$809BCURRENT US$
Rnk 21 / 195
2013-2023
Flag
GDP GROWTH
56.2%CURRENT US$
Rnk 62 / 195
2023
Flag
 GDP
$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP GROWTH
-2.43%CURRENT US$
Rnk 173 / 195
2023
Flag
GDP PC 
$22,057CURRENT US$
Rnk 59 / 195
2013-2023
Flag
GDP PC GROWTH
61.9%CURRENT US$
Rnk 28 / 195
2023
Flag
GDP PC
$7,126CURRENT US$
Rnk 103 / 196
2013-2023
Flag
GDP PC GROWTH
-9.52%CURRENT US$
Rnk 168 / 195

About

Poland-Azerbaijan Trade: In 2023, Poland exported $160M to Azerbaijan. The main products that Poland exported to Azerbaijan were Packaged Medicaments ($10.2M), Video Displays ($7.35M), and Chocolate ($7.01M). Over the past 5 years the exports of Poland to Azerbaijan have increased at an annualized rate of 10.3%, from $98M in 2018 to $160M in 2023.

In 2023, Poland did not export any services to Azerbaijan.

Azerbaijan-Poland Trade: In 2023, Azerbaijan exported $77.9M to Poland. The main products that Azerbaijan exported to Poland were Crude Petroleum ($63.4M), Other Nuts ($2.83M), and Refined Petroleum ($2.33M). Over the past 5 years the exports of Azerbaijan to Poland have increased at an annualized rate of 42.1%,  from $13.4M in 2018 to $77.9M in 2023.

In 2008, Azerbaijan exported services to Poland worth $7.11M, with Services not allocated ($7.11M) being the largest in terms of value.

Comparison: In 2023,  Poland ranked 24 in the Economic Complexity Index (ECI 1.09), and 23 in total exports ($339B). That same year, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Poland exported $160M to Azerbaijan. The main products exported from Poland to Azerbaijan were Packaged Medicaments ($10.2M), Video Displays ($7.35M), and Chocolate ($7.01M). During the last 5 years the exports of Poland to Azerbaijan have increased at an annualized rate of 10.3%, from $98M in 2018 to $160M in 2023.

In 2018, Azerbaijan exported $77.9M to Poland. The main products exported from Azerbaijan to Poland were Crude Petroleum ($63.4M), Other Nuts ($2.83M), and Refined Petroleum ($2.33M). During the last 5 years the exports of Azerbaijan to Poland have increased at an annualized rate of 42.1%, from $13.4M in 2023 to $77.9M in 2018.

Exports from Poland (Flag) to Azerbaijan (Flag) (2023)

Exports from Azerbaijan (Flag) to Poland (Flag) (2023)

Latest Data

Trade between Poland (Flag) and Azerbaijan (Flag)

Poland Exports

Azerbaijan Exports

Market Competitiveness

Color
Poland
Top Destination
Germany$84B
Azerbaijan
Top Destination
Italy$11.4B

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

In 2023, countries that imported more from Poland than Azerbaijan included Germany ($84B), United Kingdom ($19.4B), and France ($19.1B).

In 2023, countries that imported more from Azerbaijan than Poland included Turkey ($5.85B), Georgia ($654M), and Israel ($1.4B).

Difference in imports from Azerbaijan (Flag) and Poland (Flag) (2023)

Comparative Advantage Poland - Azerbaijan

Flow
Scale

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

During 2023, Poland had a large net trade with Azerbaijan in the exports of Machines ($48.8M), Chemical Products ($29.4M), and Foodstuffs ($26.2M).

During 2018, Azerbaijan had a large net trade with Poland in the exports of Mineral Products ($66.5M), Vegetable Products ($4.74M), and Chemical Products ($3.14M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Poland Azerbaijan+$6.97MCars
Top Product Potential Azerbaijan Poland+$6.2MRefined Petroleum

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

Product Space of Poland (Flag) and Azerbaijan (Flag) (2023)

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