Azerbaijan (AZE) and Bangladesh (BGD) Trade | The Observatory of Economic Complexity

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Azerbaijan-Bangladesh Trade: In 2022, Azerbaijan exported $1.86M to Bangladesh. The main products that Azerbaijan exported to Bangladesh were Raw Cotton ($1.86M). Over the past 5 years the exports of Azerbaijan to Bangladesh have increased at an annualized rate of 44.5%, from $295k in 2017 to $1.86M in 2022.

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

Bangladesh-Azerbaijan Trade: In 2022, Bangladesh exported $17.4M to Azerbaijan. The main products that Bangladesh exported to Azerbaijan were Knit T-shirts ($3.01M), Knit Sweaters ($2.55M), and Non-Knit Women's Suits ($2.04M). Over the past 5 years the exports of Bangladesh to Azerbaijan have increased at an annualized rate of 13.2%, from $9.4M in 2017 to $17.4M in 2022.

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

Comparison: In 2022, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B). That same year, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Azerbaijan exported $1.86M to Bangladesh. The main products exported from Azerbaijan to Bangladesh were Raw Cotton ($1.86M). During the last 5 years the exports of Azerbaijan to Bangladesh have increased at an annualized rate of 44.5%, from $295k in 2017 to $1.86M in 2022.

In 2017, Bangladesh exported $17.4M to Azerbaijan. The main products exported from Bangladesh to Azerbaijan were Knit T-shirts ($3.01M), Knit Sweaters ($2.55M), and Non-Knit Women's Suits ($2.04M). During the last 5 years the exports of Bangladesh to Azerbaijan have increased at an annualized rate of 13.2%, from $9.4M in 2022 to $17.4M in 2017.

Exports from Azerbaijan () to Bangladesh () (2022)

Exports from Bangladesh () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Bangladesh ()

Azerbaijan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$18.3B

Bangladesh
Top DestinationUnited States$11.7B

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

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

In 2022, countries that imported more from Bangladesh than Azerbaijan included United States ($11.7B), Germany ($10.2B), and United Kingdom ($4.86B).

Difference in imports from Bangladesh () and Azerbaijan () (2022)

Comparative Advantage Azerbaijan - Bangladesh

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Azerbaijan had a large net trade with Bangladesh in the exports of Textiles ($1.86M).

During 2017, Bangladesh had a large net trade with Azerbaijan in the exports of Textiles ($15.8M), Chemical Products ($1.08M), and Foodstuffs ($273k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Azerbaijan Bangladesh+$2.66MRaw Cotton

Top Product Potential Bangladesh Azerbaijan+$3.71MKnit T-shirts

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

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Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Bangladesh () (2022)

Exports from Bangladesh () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Bangladesh ()

Azerbaijan Exports

Market Competitiveness

Difference in imports from Bangladesh () and Azerbaijan () (2022)

Comparative Advantage Azerbaijan - Bangladesh

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Azerbaijan () and Bangladesh () (2022)

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