Azerbaijan (AZE) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Azerbaijan-Ecuador Trade: In 2022, Azerbaijan exported $13.3k to Ecuador. The main products that Azerbaijan exported to Ecuador were Surveying Equipment ($12.6k) and Gas and Liquid Flow Measuring Instruments ($715). Over the past 5 years the exports of Azerbaijan to Ecuador have increased at an annualized rate of 36.7%, from $2.79k in 2017 to $13.3k in 2022.

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

Ecuador-Azerbaijan Trade: In 2022, Ecuador exported $6.51M to Azerbaijan. The main products that Ecuador exported to Azerbaijan were Bananas ($4.3M), Cut Flowers ($2.03M), and Plant foliage ($51.4k). Over the past 5 years the exports of Ecuador to Azerbaijan have decreased at an annualized rate of 4.71%, from $8.28M in 2017 to $6.51M in 2022.

In 2022, Ecuador 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, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Azerbaijan exported $13.3k to Ecuador. The main products exported from Azerbaijan to Ecuador were Surveying Equipment ($12.6k) and Gas and Liquid Flow Measuring Instruments ($715). During the last 5 years the exports of Azerbaijan to Ecuador have increased at an annualized rate of 36.7%, from $2.79k in 2017 to $13.3k in 2022.

In 2017, Ecuador exported $6.51M to Azerbaijan. The main products exported from Ecuador to Azerbaijan were Bananas ($4.3M), Cut Flowers ($2.03M), and Plant foliage ($51.4k). During the last 5 years the exports of Ecuador to Azerbaijan have decreased at an annualized rate of 4.71%, from $8.28M in 2022 to $6.51M in 2017.

Exports from Azerbaijan () to Ecuador () (2022)

Exports from Ecuador () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Ecuador ()

Azerbaijan Exports

Date

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$18.3B

Ecuador
Top DestinationUnited States$9.86B

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

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

In 2022, countries that imported more from Ecuador than Azerbaijan included United States ($9.86B), China ($6.17B), and Panama ($4.97B).

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

Comparative Advantage Azerbaijan - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Azerbaijan had a large net trade with Ecuador in the exports of Instruments ($13.3k).

During 2017, Ecuador had a large net trade with Azerbaijan in the exports of Vegetable Products ($6.4M), Machines ($61.3k), and Animal Products ($34.1k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Azerbaijan Ecuador+$14kSurveying Equipment

Top Product Potential Ecuador Azerbaijan+$105kCrustaceans

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

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Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Ecuador () (2022)

Exports from Ecuador () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Ecuador ()

Azerbaijan Exports

Ecuador Exports

Market Competitiveness

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

Comparative Advantage Azerbaijan - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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