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Pricing

2023
Flag → Flag
Exports $29.6MRnk 73 / 199
2023
Flag → Flag
Top Product $16.7MPackaged Medicaments
2023
Flag → Flag
Exports $11.5MRnk 54 / 137
2023
Flag → Flag
Top Product $9.64MAcyclic alcohol derivatives (halogenated, sulphonated, nitrated)
2023
Flag
Economic Complexity (ECI) ECI 1.48Rnk 12 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
Flag  
GDP$69.1BCURRENT US$
Rnk 85 / 195
2013-2023
Flag
GDP GROWTH44.5%CURRENT US$
Rnk 88 / 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 $32,610CURRENT US$
Rnk 43 / 195
2013-2023
Flag
GDP PC GROWTH40.3%CURRENT US$
Rnk 61 / 195
2023
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GDP PC$7,126CURRENT US$
Rnk 103 / 196
2013-2023
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GDP PC GROWTH-9.52%CURRENT US$
Rnk 168 / 195

About

Slovenia-Azerbaijan Trade: In 2023, Slovenia exported $29.6M to Azerbaijan. The main products that Slovenia exported to Azerbaijan were Packaged Medicaments ($16.7M), Hair Products ($2.51M), and Refrigerators ($2M). Over the past 5 years the exports of Slovenia to Azerbaijan have increased at an annualized rate of 10.3%, from $18.1M in 2018 to $29.6M in 2023.

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

Azerbaijan-Slovenia Trade: In 2023, Azerbaijan exported $11.5M to Slovenia. The main products that Azerbaijan exported to Slovenia were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($9.64M), Nitrogenous Fertilizers ($1.75M), and Ferroalloys ($75.6k). Over the past 5 years the exports of Azerbaijan to Slovenia have increased at an annualized rate of 6.59%,  from $8.35M in 2018 to $11.5M in 2023.

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

Comparison: In 2023,  Slovenia ranked 12 in the Economic Complexity Index (ECI 1.48), and 53 in total exports ($60.8B). 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, Slovenia exported $29.6M to Azerbaijan. The main products exported from Slovenia to Azerbaijan were Packaged Medicaments ($16.7M), Hair Products ($2.51M), and Refrigerators ($2M). During the last 5 years the exports of Slovenia to Azerbaijan have increased at an annualized rate of 10.3%, from $18.1M in 2018 to $29.6M in 2023.

In 2018, Azerbaijan exported $11.5M to Slovenia. The main products exported from Azerbaijan to Slovenia were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($9.64M), Nitrogenous Fertilizers ($1.75M), and Ferroalloys ($75.6k). During the last 5 years the exports of Azerbaijan to Slovenia have increased at an annualized rate of 6.59%, from $8.35M in 2023 to $11.5M in 2018.

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

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

Latest Data

Trade between Slovenia (Flag) and Azerbaijan (Flag)

Slovenia Exports

Azerbaijan Exports

Market Competitiveness

Color
Slovenia
Top DestinationSwitzerland$13.5B
Azerbaijan
Top DestinationItaly$11.4B

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

In 2023, countries that imported more from Slovenia than Azerbaijan included Switzerland ($13.5B), Germany ($7.21B), and Croatia ($4.85B).

In 2023, countries that imported more from Azerbaijan than Slovenia included Turkey ($5.85B), Italy ($11.4B), and Israel ($1.4B).

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

Comparative Advantage Slovenia - Azerbaijan

Flow
Scale

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

During 2023, Slovenia had a large net trade with Azerbaijan in the exports of Chemical Products ($20.7M), Machines ($6.56M), and Foodstuffs ($746k).

During 2018, Azerbaijan had a large net trade with Slovenia in the exports of Chemical Products ($11.4M), Metals ($78.2k), and Foodstuffs ($14.9k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Slovenia Azerbaijan+$6.89MPackaged Medicaments
Top Product Potential Azerbaijan Slovenia+$226kAcyclic alcohol derivatives (halogenated, sulphonated, nitrated)

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

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

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