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2020
Flag → Flag
Exports $29.2kRnk 4 / 0
2020
Flag → Flag
Exports $492Rnk 29 / 0
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
Flag
Economic Complexity (ECI) ECI -2.18Rnk 131 / 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$22.2BCURRENT US$
Rnk 117 / 195
2013-2023
Flag
GDP GROWTH165%CURRENT US$
Rnk 4 / 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$1,541CURRENT US$
Rnk 166 / 196
2013-2023
Flag
GDP PC GROWTH106%CURRENT US$
Rnk 7 / 195

About

Azerbaijan-Guinea Trade: In 2020, Azerbaijan exported $29.2k to Guinea. The main products that Azerbaijan exported to Guinea were N/A. Over the past 7 years the exports of Azerbaijan to Guinea have increased at an annualized rate of 17.2%, from $9.64k in 2013 to $29.2k in 2020.

In 2020, Azerbaijan did not export any services to Guinea.

Guinea-Azerbaijan Trade: In 2020, Guinea exported $492 to Azerbaijan. The main products that Guinea exported to Azerbaijan were N/A. Over the past 7 years the exports of Guinea to Azerbaijan have decreased at an annualized rate of 88.3%,  from $22.2M in 2013 to $492 in 2020.

In 2020, Guinea 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, Guinea ranked 131 in the Economic Complexity Index (ECI -2.18), and 83 in total exports ($18B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2020, Azerbaijan exported $29.2k to Guinea. There were not main exports from Azerbaijan to Guinea in 2020. During the last 7 years the exports of Azerbaijan to Guinea have increased at an annualized rate of 17.2%, from $9.64k in 2013 to $29.2k in 2020.

In 2008, Guinea exported $492 to Azerbaijan. There were not main exports from Guinea to Azerbaijan in 2008. During the last 5 years the exports of Guinea to Azerbaijan have decreased at an annualized rate of 88.3%, from $22.2M in 2013 to $492 in 2008.

Exports from Azerbaijan (Flag) to Guinea (Flag) (2020)

Exports from Guinea (Flag) to Azerbaijan (Flag) (2020)

Latest Data

Trade between Azerbaijan (Flag) and Guinea (Flag)

Azerbaijan Exports

Market Competitiveness

Color
Azerbaijan
Top DestinationItaly$11.4B
Guinea
Top DestinationUnited Arab Emirates$9.05B

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

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

In 2023, countries that imported more from Guinea than Azerbaijan included United Arab Emirates ($9.05B), China ($6.41B), and India ($1.45B).

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

Comparative Advantage Azerbaijan - Guinea

Flow
Scale

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

During 2020, Azerbaijan had a large net trade with Guinea in the exports of .

During 2008, Guinea had a large net trade with Azerbaijan in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Azerbaijan Guinea+$2.96kRefined Petroleum
Top Product Potential Guinea Azerbaijan+$2.91kGold

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

Product Space of Azerbaijan (Flag) and Guinea (Flag) (2020)

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