Azerbaijan (AZE) and Argentina (ARG) Trade | The Observatory of Economic Complexity

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Azerbaijan-Argentina Trade: In 2023, Azerbaijan exported $30 to Argentina. The main products that Azerbaijan exported to Argentina were Centrifuges ($30). Over the past 5 years the exports of Azerbaijan to Argentina have decreased at an annualized rate of 72.8%, from $20.3k in 2018 to $30 in 2023.

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

Argentina-Azerbaijan Trade: In 2023, Argentina exported $52.4M to Azerbaijan. The main products that Argentina exported to Azerbaijan were Soybean Meal ($46.7M), Packaged Medicaments ($2.55M), and Ground Nuts ($1.02M). Over the past 5 years the exports of Argentina to Azerbaijan have increased at an annualized rate of 9.89%, from $22.4M in 2018 to $52.4M in 2023.

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

Comparison: In 2023, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B). That same year, Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Azerbaijan exported $30 to Argentina. The main products exported from Azerbaijan to Argentina were Centrifuges ($30). During the last 5 years the exports of Azerbaijan to Argentina have decreased at an annualized rate of 72.8%, from $20.3k in 2018 to $30 in 2023.

In 2018, Argentina exported $52.4M to Azerbaijan. The main products exported from Argentina to Azerbaijan were Soybean Meal ($46.7M), Packaged Medicaments ($2.55M), and Ground Nuts ($1.02M). During the last 5 years the exports of Argentina to Azerbaijan have increased at an annualized rate of 9.89%, from $22.4M in 2023 to $52.4M in 2018.

Exports from Azerbaijan () to Argentina () (2023)

Exports from Argentina () to Azerbaijan () (2023)

Latest Data

Trade between Azerbaijan () and Argentina ()

Azerbaijan Exports

Date

Argentina Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$11.4B

Argentina
Top DestinationBrazil$12.1B

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

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

In 2023, countries that imported more from Argentina than Azerbaijan included Brazil ($12.1B), United States ($6.27B), and Chile ($5.57B).

Difference in imports from Argentina () and Azerbaijan () (2023)

Comparative Advantage Azerbaijan - Argentina

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Azerbaijan had a large net trade with Argentina in the exports of Machines ($30).

During 2018, Argentina had a large net trade with Azerbaijan in the exports of Foodstuffs ($47M), Chemical Products ($2.62M), and Vegetable Products ($1.31M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Azerbaijan Argentina+$357kNitrogenous Fertilizers

Top Product Potential Argentina Azerbaijan+$1.67MPackaged Medicaments

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Argentina () (2023)

Exports from Argentina () to Azerbaijan () (2023)

Latest Data

Trade between Azerbaijan () and Argentina ()

Azerbaijan Exports

Argentina Exports

Market Competitiveness

Difference in imports from Argentina () and Azerbaijan () (2023)

Comparative Advantage Azerbaijan - Argentina

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Azerbaijan () and Argentina () (2023)

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