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2022
Flag → Flag
Exports $51Rnk 140 / 141
2022
Flag → Flag
Top Product $51Gaskets
2022
Flag → Flag
Exports $345kRnk 118 / 163
2022
Flag → Flag
Top Product $225kSpecial Pharmaceuticals
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag  
GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
Flag
 GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
GDP PC $7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186
2022
Flag
GDP PC$10,121CURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 19 / 186

About

Azerbaijan-Dominican Republic Trade: In 2022, Azerbaijan exported $51 to Dominican Republic. The main products that Azerbaijan exported to Dominican Republic were Gaskets ($51). Over the past 17 years the exports of Azerbaijan to Dominican Republic have decreased at an annualized rate of 42.1%, from $545k in 2005 to $51 in 2022.

In 2022, Azerbaijan did not export any services to Dominican Republic.

Dominican Republic-Azerbaijan Trade: In 2022, Dominican Republic exported $345k to Azerbaijan. The main products that Dominican Republic exported to Azerbaijan were Special Pharmaceuticals ($225k), Medical Instruments ($38.9k), and Hard Liquor ($13.1k). Over the past 17 years the exports of Dominican Republic to Azerbaijan have increased at an annualized rate of 16.4%,  from $161k in 2005 to $345k in 2022.

In 2022, Dominican Republic 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, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.052), and 92 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Azerbaijan exported $51 to Dominican Republic. The main products exported from Azerbaijan to Dominican Republic were Gaskets ($51). During the last 17 years the exports of Azerbaijan to Dominican Republic have decreased at an annualized rate of 42.1%, from $545k in 2005 to $51 in 2022.

In 2017, Dominican Republic exported $345k to Azerbaijan. The main products exported from Dominican Republic to Azerbaijan were Special Pharmaceuticals ($225k), Medical Instruments ($38.9k), and Hard Liquor ($13.1k). During the last 5 years the exports of Dominican Republic to Azerbaijan have increased at an annualized rate of 16.4%, from $161k in 2022 to $345k in 2017.

Exports from Azerbaijan (Flag) to Dominican Republic (Flag) (2022)

Exports from Dominican Republic (Flag) to Azerbaijan (Flag) (2022)

Market Competitiveness

Color
Azerbaijan
Top DestinationItaly$18.3B
Dominican Republic
Top DestinationUnited States$6.85B

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

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

In 2022, countries that imported more from Dominican Republic than Azerbaijan included United States ($6.85B), Haiti ($1.02B), and Switzerland ($1.08B).

Difference in imports from Dominican Republic (Flag) and Azerbaijan (Flag) (2022)

Comparative Advantage Azerbaijan - Dominican Republic

Flow
Scale

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

During 2022, Azerbaijan had a large net trade with Dominican Republic in the exports of Machines ($51).

During 2017, Dominican Republic had a large net trade with Azerbaijan in the exports of Chemical Products ($225k), Instruments ($38.9k), and Textiles ($28.5k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Azerbaijan Dominican Republic+$6.29kPetroleum Gas
Top Product Potential Dominican Republic Azerbaijan+$168kMedical Instruments

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

Product Space of Azerbaijan (Flag) and Dominican Republic (Flag) (2022)

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