GDP$72.4BCURRENT US$Rnk 83 / 195 GDP GROWTH-2.43%CURRENT US$Rnk 173 / 195
GDP$19.7BCURRENT US$Rnk 123 / 195 GDP GROWTH57.2%CURRENT US$Rnk 59 / 195 GDP PC $7,126CURRENT US$Rnk 103 / 195GDP PC GROWTH-9.52%CURRENT US$Rnk 168 / 195GDP PC$1,394CURRENT US$Rnk 168 / 196GDP PC GROWTH19.3%CURRENT US$Rnk 104 / 195In N/A, Azerbaijan did not export any services to Benin.
Benin-Azerbaijan In N/A, Benin did not export any products to Azerbaijan.
In N/A, Benin 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, Benin ranked 83 in the Economic Complexity Index (ECI -0.43), and 146 in total exports ($1.93B).
Azerbaijan does not register exports to Benin.
Benin does not register exports to Azerbaijan.
) to Benin () (2022)) to Azerbaijan () (2022)This map shows whether countries import more from Azerbaijan or Benin. Each country is colored based on the difference in imports they receive from Azerbaijan and Benin or the difference in the growth in imports.
In 2023, countries that imported more from Azerbaijan than Benin included Italy ($11.4B), Turkey ($5.85B), and Israel ($1.4B).
In 2023, countries that imported more from Benin than Azerbaijan included United Arab Emirates ($803M), Bangladesh ($391M), and Togo ($53.9M).
) and Azerbaijan () (2023)This chart compares trade between Azerbaijan and Benin by product, considering products traded by both, Azerbaijan and Benin.
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.
This visualization shows the product space at the HS4 level with the flags of Azerbaijan and Benin. This means that a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Benin. Similarly, a dot/product with the flag of Benin indicates it has a comparative advantage over Azerbaijan.
) and Benin () (2022)
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