Azerbaijan (AZE) and Lithuania (LTU) Trade | The Observatory of Economic Complexity

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Azerbaijan-Lithuania Trade: In 2022, Azerbaijan exported $9.52M to Lithuania. The main products that Azerbaijan exported to Lithuania were Ethylene Polymers ($4.93M), Acyclic Alcohols ($2.93M), and Other Furniture ($828k). Over the past 5 years the exports of Azerbaijan to Lithuania have increased at an annualized rate of 23.4%, from $3.32M in 2017 to $9.52M in 2022.

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

Lithuania-Azerbaijan Trade: In 2022, Lithuania exported $52.7M to Azerbaijan. The main products that Lithuania exported to Azerbaijan were Tractors ($5.18M), Cheese ($4.3M), and Documents of title (bonds etc) and unused stamps ($4.11M). Over the past 5 years the exports of Lithuania to Azerbaijan have increased at an annualized rate of 4.31%, from $40.9M in 2017 to $52.7M in 2022.

In 2022, Lithuania 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, Lithuania ranked 30 in the Economic Complexity Index (ECI 0.93), and 62 in total exports ($46.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Azerbaijan exported $9.52M to Lithuania. The main products exported from Azerbaijan to Lithuania were Ethylene Polymers ($4.93M), Acyclic Alcohols ($2.93M), and Other Furniture ($828k). During the last 5 years the exports of Azerbaijan to Lithuania have increased at an annualized rate of 23.4%, from $3.32M in 2017 to $9.52M in 2022.

In 2017, Lithuania exported $52.7M to Azerbaijan. The main products exported from Lithuania to Azerbaijan were Tractors ($5.18M), Cheese ($4.3M), and Documents of title (bonds etc) and unused stamps ($4.11M). During the last 5 years the exports of Lithuania to Azerbaijan have increased at an annualized rate of 4.31%, from $40.9M in 2022 to $52.7M in 2017.

Exports from Azerbaijan () to Lithuania () (2022)

Exports from Lithuania () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Lithuania ()

Azerbaijan Exports

Date

Lithuania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$18.3B

Lithuania
Top DestinationLatvia$6.18B

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

In 2022, countries that imported more from Lithuania than Azerbaijan included Latvia ($6.18B), Poland ($3.91B), and Germany ($3.54B).

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

Comparative Advantage Azerbaijan - Lithuania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Azerbaijan had a large net trade with Lithuania in the exports of Plastics and Rubbers ($4.97M), Chemical Products ($2.93M), and Miscellaneous ($828k).

During 2017, Lithuania had a large net trade with Azerbaijan in the exports of Transportation ($10.7M), Machines ($10.4M), and Chemical Products ($6.68M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Azerbaijan Lithuania+$893kAcyclic Alcohols

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

Year

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.

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Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Lithuania () (2022)

Exports from Lithuania () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Lithuania ()

Azerbaijan Exports

Lithuania Exports

Market Competitiveness

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

Comparative Advantage Azerbaijan - Lithuania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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