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2023
Flag → Flag
Exports $311MRnk 17 / 137
2023
Flag → Flag
Top Product $299MPetroleum Gas
2023
Flag → Flag
Exports $35.9MRnk 76 / 200
2023
Flag → Flag
Top Product $6.81MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.69Rnk 38 / 132
2023
Flag  
GDP$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP GROWTH-2.43%CURRENT US$
Rnk 173 / 195
2023
Flag
 GDP$102BCURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP GROWTH83.4%CURRENT US$
Rnk 30 / 195
2023
Flag
GDP PC $7,126CURRENT US$
Rnk 103 / 195
2013-2023
Flag
GDP PC GROWTH-9.52%CURRENT US$
Rnk 168 / 195
2023
Flag
GDP PC$15,886CURRENT US$
Rnk 72 / 196
2013-2023
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GDP PC GROWTH107%CURRENT US$
Rnk 6 / 195

About

Azerbaijan-Bulgaria Trade: In 2023, Azerbaijan exported $311M to Bulgaria. The main products that Azerbaijan exported to Bulgaria were Petroleum Gas ($299M), Refined Petroleum ($5.72M), and Nitrogenous Fertilizers ($3.45M). Over the past 5 years the exports of Azerbaijan to Bulgaria have increased at an annualized rate of 51.1%, from $39.5M in 2018 to $311M in 2023.

In 2008, Azerbaijan exported services to Bulgaria worth $140k, with Travel ($140k) being the largest in terms of value.

Bulgaria-Azerbaijan Trade: In 2023, Bulgaria exported $35.9M to Azerbaijan. The main products that Bulgaria exported to Azerbaijan were Packaged Medicaments ($6.81M), Wadding ($2.57M), and Baked Goods ($2.12M). Over the past 5 years the exports of Bulgaria to Azerbaijan have increased at an annualized rate of 2.67%,  from $31.4M in 2018 to $35.9M in 2023.

In 2023, Bulgaria 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, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69), and 59 in total exports ($50.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Azerbaijan exported $311M to Bulgaria. The main products exported from Azerbaijan to Bulgaria were Petroleum Gas ($299M), Refined Petroleum ($5.72M), and Nitrogenous Fertilizers ($3.45M). During the last 5 years the exports of Azerbaijan to Bulgaria have increased at an annualized rate of 51.1%, from $39.5M in 2018 to $311M in 2023.

In 2018, Bulgaria exported $35.9M to Azerbaijan. The main products exported from Bulgaria to Azerbaijan were Packaged Medicaments ($6.81M), Wadding ($2.57M), and Baked Goods ($2.12M). During the last 5 years the exports of Bulgaria to Azerbaijan have increased at an annualized rate of 2.67%, from $31.4M in 2023 to $35.9M in 2018.

Exports from Azerbaijan (Flag) to Bulgaria (Flag) (2023)

Exports from Bulgaria (Flag) to Azerbaijan (Flag) (2023)

Latest Data

Trade between Azerbaijan (Flag) and Bulgaria (Flag)

Azerbaijan Exports

Bulgaria Exports

Market Competitiveness

Color
Azerbaijan
Top DestinationItaly$11.4B
Bulgaria
Top DestinationGermany$6.84B

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

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

In 2023, countries that imported more from Bulgaria than Azerbaijan included Germany ($6.84B), Romania ($5.63B), and Poland ($2.11B).

Difference in imports from Bulgaria (Flag) and Azerbaijan (Flag) (2023)

Comparative Advantage Azerbaijan - Bulgaria

Flow
Scale

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

During 2023, Azerbaijan had a large net trade with Bulgaria in the exports of Mineral Products ($304M), Chemical Products ($4.6M), and Foodstuffs ($1.54M).

During 2018, Bulgaria had a large net trade with Azerbaijan in the exports of Chemical Products ($10.9M), Machines ($4.81M), and Textiles ($3.97M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Azerbaijan Bulgaria+$2.8MCrude Petroleum
Top Product Potential Bulgaria Azerbaijan+$5.54MRefined Petroleum

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

Product Space of Azerbaijan (Flag) and Bulgaria (Flag) (2023)

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