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Pricing

2023
Flag → Flag
Exports $5.75MRnk 59 / 137
2023
Flag → Flag
Top Product $3.1MAcyclic alcohol derivatives (halogenated, sulphonated, nitrated)
2023
Flag → Flag
Exports $77.5MRnk 55 / 196
2023
Flag → Flag
Top Product $18.8MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.85Rnk 32 / 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$79.8BCURRENT US$
Rnk 78 / 195
2013-2023
Flag
GDP GROWTH72.3%CURRENT US$
Rnk 39 / 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
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GDP PC$27,786CURRENT US$
Rnk 49 / 196
2013-2023
Flag
GDP PC GROWTH77.5%CURRENT US$
Rnk 18 / 195

About

Azerbaijan-Lithuania Trade: In 2023, Azerbaijan exported $5.75M to Lithuania. The main products that Azerbaijan exported to Lithuania were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($3.1M), Ethylene Polymers ($774k), and Other Nuts ($418k). Over the past 5 years the exports of Azerbaijan to Lithuania have increased at an annualized rate of 9%, from $3.74M in 2018 to $5.75M in 2023.

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

Lithuania-Azerbaijan Trade: In 2023, Lithuania exported $77.5M to Azerbaijan. The main products that Lithuania exported to Azerbaijan were Refined Petroleum ($18.8M), Wadding ($9.66M), and Cheese ($6.51M). Over the past 5 years the exports of Lithuania to Azerbaijan have increased at an annualized rate of 6.04%,  from $34.1M in 2018 to $77.5M in 2023.

In 2023, Lithuania 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, Lithuania ranked 32 in the Economic Complexity Index (ECI 0.85), and 63 in total exports ($41B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Azerbaijan exported $5.75M to Lithuania. The main products exported from Azerbaijan to Lithuania were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($3.1M), Ethylene Polymers ($774k), and Other Nuts ($418k). During the last 5 years the exports of Azerbaijan to Lithuania have increased at an annualized rate of 9%, from $3.74M in 2018 to $5.75M in 2023.

In 2018, Lithuania exported $77.5M to Azerbaijan. The main products exported from Lithuania to Azerbaijan were Refined Petroleum ($18.8M), Wadding ($9.66M), and Cheese ($6.51M). During the last 5 years the exports of Lithuania to Azerbaijan have increased at an annualized rate of 6.04%, from $34.1M in 2023 to $77.5M in 2018.

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

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

Latest Data

Trade between Azerbaijan (Flag) and Lithuania (Flag)

Azerbaijan Exports

Lithuania Exports

Market Competitiveness

Color
Azerbaijan
Top DestinationItaly$11.4B
Lithuania
Top DestinationLatvia$4.44B

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

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

In 2023, countries that imported more from Lithuania than Azerbaijan included Latvia ($4.44B), Poland ($3.37B), and Netherlands ($2.39B).

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

Comparative Advantage Azerbaijan - Lithuania

Flow
Scale

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

During 2023, Azerbaijan had a large net trade with Lithuania in the exports of Chemical Products ($3.1M), Plastics and Rubbers ($774k), and Vegetable Products ($468k).

During 2018, Lithuania had a large net trade with Azerbaijan in the exports of Mineral Products ($19M), Machines ($13.3M), and Textiles ($10.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Azerbaijan Lithuania+$893kAcyclic alcohol derivatives (halogenated, sulphonated, nitrated)
Top Product Potential Lithuania Azerbaijan+$2.02MRefined Petroleum

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

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

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