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Pricing

2023
Flag → Flag
Exports $2.36kRnk 124 / 137
2023
Flag → Flag
Top Product $1.11kMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag → Flag
Exports $4.81MRnk 98 / 183
2023
Flag → Flag
Top Product $2.46MNon-fillet Frozen Fish
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.2Rnk 72 / 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$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH21%CURRENT US$
Rnk 139 / 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$17,068CURRENT US$
Rnk 68 / 196
2013-2023
Flag
GDP PC GROWTH8.83%CURRENT US$
Rnk 137 / 195

About

Azerbaijan-Chile Trade: In 2023, Azerbaijan exported $2.36k to Chile. The main products that Azerbaijan exported to Chile were Motor vehicles; parts and accessories (8701 to 8705) ($1.11k), Documents of title (bonds etc) and unused stamps ($735), and Felt Carpets ($400). Over the past 6 years the exports of Azerbaijan to Chile have increased at an annualized rate of 27.9%, from $537 in 2017 to $2.36k in 2023.

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

Chile-Azerbaijan Trade: In 2023, Chile exported $4.81M to Azerbaijan. The main products that Chile exported to Azerbaijan were Non-fillet Frozen Fish ($2.46M), Nitrites and Nitrates ($718k), and Sowing Seeds ($347k). Over the past 6 years the exports of Chile to Azerbaijan have increased at an annualized rate of 10.8%,  from $2.88M in 2017 to $4.81M in 2023.

In 2023, Chile 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, Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Azerbaijan exported $2.36k to Chile. The main products exported from Azerbaijan to Chile were Motor vehicles; parts and accessories (8701 to 8705) ($1.11k), Documents of title (bonds etc) and unused stamps ($735), and Felt Carpets ($400). During the last 6 years the exports of Azerbaijan to Chile have increased at an annualized rate of 27.9%, from $537 in 2017 to $2.36k in 2023.

In 2018, Chile exported $4.81M to Azerbaijan. The main products exported from Chile to Azerbaijan were Non-fillet Frozen Fish ($2.46M), Nitrites and Nitrates ($718k), and Sowing Seeds ($347k). During the last 5 years the exports of Chile to Azerbaijan have increased at an annualized rate of 10.8%, from $2.88M in 2023 to $4.81M in 2018.

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

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

Latest Data

Trade between Azerbaijan (Flag) and Chile (Flag)

Chile Exports

Market Competitiveness

Color
Azerbaijan
Top DestinationItaly$11.4B
Chile
Top DestinationChina$38.2B

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

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

In 2023, countries that imported more from Chile than Azerbaijan included China ($38.2B), United States ($15.7B), and Japan ($7.1B).

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

Comparative Advantage Azerbaijan - Chile

Flow
Scale

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

During 2023, Azerbaijan had a large net trade with Chile in the exports of Transportation ($1.11k), Paper Goods ($735), and Textiles ($400).

During 2018, Chile had a large net trade with Azerbaijan in the exports of Animal Products ($2.49M), Chemical Products ($956k), and Vegetable Products ($908k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Azerbaijan Chile+$200kCars
Top Product Potential Chile Azerbaijan+$446kOther Nuts

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

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

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