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2022
Flag → Flag
Exports $104Rnk 126 / 126
2022
Flag → Flag
Top Product $104Hard Liquor
2022
Flag → Flag
Exports $23.7kRnk 112 / 141
2022
Flag → Flag
Top Product $23.7kRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag
 GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
Flag
GDP PC$7,737CURRENT US$
Rnk 87 / 186
2012-2022
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GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186

About

Venezuela-Azerbaijan Trade: In 2022, Venezuela exported $104 to Azerbaijan. The main products that Venezuela exported to Azerbaijan were Hard Liquor ($104). Over the past 7 years the exports of Venezuela to Azerbaijan have decreased at an annualized rate of 79.6%, from $7.03M in 2015 to $104 in 2022.

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

Azerbaijan-Venezuela Trade: In 2022, Azerbaijan exported $23.7k to Venezuela. The main products that Azerbaijan exported to Venezuela were Refined Petroleum ($23.7k). Over the past 7 years the exports of Azerbaijan to Venezuela have decreased at an annualized rate of 26.1%,  from $108k in 2015 to $23.7k in 2022.

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

Comparison: In 2022,  Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B). 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, Venezuela exported $104 to Azerbaijan. The main products exported from Venezuela to Azerbaijan were Hard Liquor ($104). During the last 7 years the exports of Venezuela to Azerbaijan have decreased at an annualized rate of 79.6%, from $7.03M in 2015 to $104 in 2022.

In 2017, Azerbaijan exported $23.7k to Venezuela. The main products exported from Azerbaijan to Venezuela were Refined Petroleum ($23.7k). During the last 5 years the exports of Azerbaijan to Venezuela have decreased at an annualized rate of 26.1%, from $108k in 2022 to $23.7k in 2017.

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

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

Latest Data

Trade between Venezuela (Flag) and Azerbaijan (Flag)

Azerbaijan Exports

Market Competitiveness

Color
Venezuela
Top DestinationChina$703M
Azerbaijan
Top DestinationItaly$18.3B

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

In 2022, countries that imported more from Venezuela than Azerbaijan included China ($703M), Brazil ($361M), and United States ($438M).

In 2022, countries that imported more from Azerbaijan than Venezuela included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

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

Comparative Advantage Venezuela - Azerbaijan

Flow
Scale

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

During 2022, Venezuela had a large net trade with Azerbaijan in the exports of Foodstuffs ($104).

During 2017, Azerbaijan had a large net trade with Venezuela in the exports of Mineral Products ($23.7k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Venezuela and Azerbaijan. This means that a dot/product with the flag of Venezuela indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Venezuela.

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

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