2022
Flag  
GDP
$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 140 / 186
2022
Flag
 GDP
$15.4BCURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP GROWTH
278%CURRENT US$
Rnk 1 / 186
2022
Flag
GDP PC 
$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH
3.21%CURRENT US$
Rnk 134 / 186
2022
Flag
GDP PC
$18,990CURRENT US$
Rnk 53 / 186
2012-2022
Flag
GDP PC GROWTH
248%CURRENT US$
Rnk 1 / 186

About

Azerbaijan-Guyana In 2022, Azerbaijan exported $18.6k to Guyana. The main products that Azerbaijan exported to Guyana are Excavation Machinery ($9.37k), Insulated Wire ($2.28k), and Other Iron Products ($1.97k). During the last 18 years the exports of Azerbaijan to Guyana have increased at an annualized rate of 1.96%, from $13.1k in 2004 to $18.6k in 2022.

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

Guyana-Azerbaijan In 2022, Guyana exported $3.37k to Azerbaijan. The main products that Guyana exported to Azerbaijan were Excavation Machinery ($3.37k). During the last 18 years the exports of Guyana to Azerbaijan have increased at an annualized rate of 6.98%, from $1k in 2004 to $3.37k in 2022.

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

Comparison In 2022,  Azerbaijan ranked 82 in the Economic Complexity Index (ECI -0.47),  and 65 in total exports ($38.9B). That same year, Guyana ranked 80 in total exports ($18.5B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Azerbaijan exported $18.6k to Guyana. The main products exported from Azerbaijan to Guyana were Excavation Machinery ($9.37k), Insulated Wire ($2.28k), and Other Iron Products ($1.97k). During the last 18 years the exports of Azerbaijan to Guyana have increased at an annualized rate of 1.96%, from $13.1k in 2004 to $18.6k in 2022.

In 2022, Guyana exported $3.37k to Azerbaijan. The main products exported from Guyana to Azerbaijan were Excavation Machinery ($3.37k). During the last 24 years the exports of Guyana to Azerbaijan have increased at an annualized rate of 6.98%, from $1k in 1998 to $3.37k in 2022.

Exports from Azerbaijan (Flag) to Guyana (Flag) (2022)

Exports from Guyana (Flag) to Azerbaijan (Flag) (2022)

Latest Data

Trade between Azerbaijan (Flag) and Guyana (Flag)

Azerbaijan Exports

Date

Market Competitiveness

Color
Azerbaijan
Top Destination
Italy$18.3B
Guyana
Top Destination
Panama$5.84B

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

In 2021, countries that imported more from Azerbaijan than Guyana were Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

In 2021, countries that imported more from Guyana than Azerbaijan were Panama ($5.84B), Netherlands ($2.86B), and United States ($2.37B).

Difference in imports from Guyana (Flag) and Azerbaijan (Flag) (2022)

Comparative Advantage Azerbaijan - Guyana

Flow
Scale

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

During 2022, Azerbaijan had a large net trade with Guyana in the exports of Machines ($12.9k), Metals ($3.47k), and Transportation ($1.34k).

During 2022, Guyana had a large net trade with Azerbaijan in the exports of Machines ($3.37k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Azerbaijan has comparative advantage over Guyana. Similarly, the more yellow a dot/product is, the more Guyana has comparative advantage over Azerbaijan.

Product Space of Azerbaijan (Flag) and Guyana (Flag) (2022)

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