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Pricing

2022
Flag → Flag
Exports $51.2MRnk 92 / 168
2022
Flag → Flag
Top Product $33.2MSoybean Meal
2022
Flag → Flag
Exports $11.4MRnk 53 / 141
2022
Flag → Flag
Top Product $11.3MNitrogenous Fertilizers
2022
Flag
Economic Complexity (ECI) ECI 0.064Rnk 61 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag  
GDP$633BCURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP GROWTH15.9%CURRENT US$
Rnk 134 / 186
2022
Flag
 GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
Flag
GDP PC $13,686CURRENT US$
Rnk 65 / 186
2012-2022
Flag
GDP PC GROWTH4.61%CURRENT US$
Rnk 129 / 186
2022
Flag
GDP PC$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186

About

Argentina-Azerbaijan Trade: In 2022, Argentina exported $51.2M to Azerbaijan. The main products that Argentina exported to Azerbaijan were Soybean Meal ($33.2M), Other Pure Vegetable Oils ($12.3M), and Packaged Medicaments ($2.04M). Over the past 5 years the exports of Argentina to Azerbaijan have increased at an annualized rate of 22.2%, from $18.8M in 2017 to $51.2M in 2022.

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

Azerbaijan-Argentina Trade: In 2022, Azerbaijan exported $11.4M to Argentina. The main products that Azerbaijan exported to Argentina were Nitrogenous Fertilizers ($11.3M), Industrial Fatty Acids, Oils and Alcohols ($67k), and Acyclic Alcohols ($31.9k). Over the past 5 years the exports of Azerbaijan to Argentina have increased at an annualized rate of 258%,  from $19.4k in 2017 to $11.4M in 2022.

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

Comparison: In 2022,  Argentina ranked 61 in the Economic Complexity Index (ECI 0.064), and 47 in total exports ($87.2B). 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, Argentina exported $51.2M to Azerbaijan. The main products exported from Argentina to Azerbaijan were Soybean Meal ($33.2M), Other Pure Vegetable Oils ($12.3M), and Packaged Medicaments ($2.04M). During the last 5 years the exports of Argentina to Azerbaijan have increased at an annualized rate of 22.2%, from $18.8M in 2017 to $51.2M in 2022.

In 2017, Azerbaijan exported $11.4M to Argentina. The main products exported from Azerbaijan to Argentina were Nitrogenous Fertilizers ($11.3M), Industrial Fatty Acids, Oils and Alcohols ($67k), and Acyclic Alcohols ($31.9k). During the last 5 years the exports of Azerbaijan to Argentina have increased at an annualized rate of 258%, from $19.4k in 2022 to $11.4M in 2017.

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

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

Latest Data

Trade between Argentina (Flag) and Azerbaijan (Flag)

Argentina Exports

Azerbaijan Exports

Market Competitiveness

Color
Argentina
Top DestinationBrazil$12.6B
Azerbaijan
Top DestinationItaly$18.3B

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

In 2022, countries that imported more from Argentina than Azerbaijan included Brazil ($12.6B), China ($8B), and United States ($6.99B).

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

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

Comparative Advantage Argentina - Azerbaijan

Flow
Scale

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

During 2022, Argentina had a large net trade with Azerbaijan in the exports of Foodstuffs ($33.4M), Animal and Vegetable Bi-Products ($12.3M), and Vegetable Products ($2.28M).

During 2017, Azerbaijan had a large net trade with Argentina in the exports of Chemical Products ($11.4M), Machines ($4.67k), and Instruments ($68).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Argentina Azerbaijan+$1.67MPackaged Medicaments
Top Product Potential Azerbaijan Argentina+$357kNitrogenous Fertilizers

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

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

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