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Pricing

2022
Flag → Flag
Exports $10.1MRnk 121 / 208
2022
Flag → Flag
Top Product $2MIntegrated Circuits
2022
Flag → Flag
Exports $757MRnk 10 / 141
2022
Flag → Flag
Top Product $756MCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
Flag
GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186

About

Portugal-Azerbaijan Trade: In 2022, Portugal exported $10.1M to Azerbaijan. The main products that Portugal exported to Azerbaijan were Integrated Circuits ($2M), Agglomerated Cork ($1.51M), and Packaged Medicaments ($868k). Over the past 5 years the exports of Portugal to Azerbaijan have increased at an annualized rate of 4.28%, from $8.17M in 2017 to $10.1M in 2022.

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

Azerbaijan-Portugal Trade: In 2022, Azerbaijan exported $757M to Portugal. The main products that Azerbaijan exported to Portugal were Crude Petroleum ($756M), Electric Soldering Equipment ($303k), and Tanned Equine and Bovine Hides ($164k). Over the past 5 years the exports of Azerbaijan to Portugal have increased at an annualized rate of 7.27%,  from $533M in 2017 to $757M in 2022.

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

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Latest Trends

July, 2024

About

Overview In July 2024, Portugal exported €238k and imported €87.3M from Azerbaijan, resulting in a negative trade balance of €87M. Between July 2023 and July 2024 the exports of Portugal have decreased by €-116k (-32.9%) from €354k to €238k, while imports increased by €7.18M (8.97%) from €80.1M to €87.3M.

Trade In July 2024, the top exports of Portugal to Azerbaijan were Electrical machinery and electronics (€142k), Furniture, bedding, lamps, & prefab buildings (€56.6k), Cork & cork articles (€37.8k), Meat & edible offal (€30k), and Knitted clothing accesories (€21.3k). In July 2024 the top imports of Portugal from Azerbaijan were Mineral fuels, mineral oils and products... (€77M), Knitted clothing accesories (€3.64k), Leather articles (€440), Books, newspapers, & other prints (€426), and Perfumery & cosmetics (€282).

Growth In July 2024, the decrease in Portugal's year-by-year exports to Azerbaijan was explained primarily by an decrease in product exports in Perfumery & cosmetics (€-12.8k or -94.3%), Salt, sulphur, cement, lime, stone, &... (€-12.2k or -100%), and Miscellaneous edible preparations (€-11.2k or -100%). In July 2024, the increase in Portugal's year-by-year imports  from Azerbaijan was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)€-116k(-32.9%)
IMPORT GROWTH (July 2023 - July 2024)€7.18M(8.97%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Azerbaijan and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Azerbaijan and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $10.1M to Azerbaijan. The main products exported from Portugal to Azerbaijan were Integrated Circuits ($2M), Agglomerated Cork ($1.51M), and Packaged Medicaments ($868k). During the last 5 years the exports of Portugal to Azerbaijan have increased at an annualized rate of 4.28%, from $8.17M in 2017 to $10.1M in 2022.

In 2017, Azerbaijan exported $757M to Portugal. The main products exported from Azerbaijan to Portugal were Crude Petroleum ($756M), Electric Soldering Equipment ($303k), and Tanned Equine and Bovine Hides ($164k). During the last 5 years the exports of Azerbaijan to Portugal have increased at an annualized rate of 7.27%, from $533M in 2022 to $757M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Azerbaijan
Top DestinationItaly$18.3B

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

In 2022, countries that imported more from Portugal than Azerbaijan included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

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

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

Comparative Advantage Portugal - Azerbaijan

Flow
Scale

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

During 2022, Portugal had a large net trade with Azerbaijan in the exports of Machines ($3.65M), Wood Products ($1.81M), and Chemical Products ($959k).

During 2017, Azerbaijan had a large net trade with Portugal in the exports of Mineral Products ($756M), Machines ($632k), and Animal Hides ($165k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Azerbaijan+$2.07MPackaged Medicaments
Top Product Potential Azerbaijan Portugal+$882kRefined 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 Portugal and Azerbaijan. This means that a dot/product with the flag of Portugal indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Portugal.

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

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