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Pricing

2023
Flag → Flag
Exports $6.29MRnk 58 / 137
2023
Flag → Flag
Top Product $2.87MMilitary Weapons
2023
Flag → Flag
Exports $21.1kRnk 147 / 159
2023
Flag → Flag
Top Product $8.06kPerfume Plants
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 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$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 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$1,597CURRENT US$
Rnk 164 / 196
2013-2023
Flag
GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195

About

Azerbaijan-Nigeria Trade: In 2023, Azerbaijan exported $6.29M to Nigeria. The main products that Azerbaijan exported to Nigeria were Military Weapons ($2.87M), Other Firearms ($2.34M), and Excavation Machinery ($617k). Over the past 5 years the exports of Azerbaijan to Nigeria have increased at an annualized rate of 116%, from $132k in 2018 to $6.29M in 2023.

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

Nigeria-Azerbaijan Trade: In 2023, Nigeria exported $21.1k to Azerbaijan. The main products that Nigeria exported to Azerbaijan were Perfume Plants ($8.06k), Lifting Machinery ($7.62k), and Other Rubber Products ($2.81k). Over the past 5 years the exports of Nigeria to Azerbaijan have decreased at an annualized rate of 12.6%,  from $41.2k in 2018 to $21.1k in 2023.

In 2023, Nigeria 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, Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Azerbaijan exported $6.29M to Nigeria. The main products exported from Azerbaijan to Nigeria were Military Weapons ($2.87M), Other Firearms ($2.34M), and Excavation Machinery ($617k). During the last 5 years the exports of Azerbaijan to Nigeria have increased at an annualized rate of 116%, from $132k in 2018 to $6.29M in 2023.

In 2018, Nigeria exported $21.1k to Azerbaijan. The main products exported from Nigeria to Azerbaijan were Perfume Plants ($8.06k), Lifting Machinery ($7.62k), and Other Rubber Products ($2.81k). During the last 5 years the exports of Nigeria to Azerbaijan have decreased at an annualized rate of 12.6%, from $41.2k in 2023 to $21.1k in 2018.

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

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

Latest Data

Trade between Azerbaijan (Flag) and Nigeria (Flag)

Azerbaijan Exports

Market Competitiveness

Color
Azerbaijan
Top DestinationItaly$11.4B
Nigeria
Top DestinationUnited States$6.29B

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

In 2023, countries that imported more from Azerbaijan than Nigeria included Italy ($11.4B), Turkey ($5.85B), and Russia ($1.2B).

In 2023, countries that imported more from Nigeria than Azerbaijan included United States ($6.29B), Spain ($5.76B), and France ($4.76B).

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

Comparative Advantage Azerbaijan - Nigeria

Flow
Scale

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

During 2023, Azerbaijan had a large net trade with Nigeria in the exports of N/A.

During 2018, Nigeria had a large net trade with Azerbaijan in the exports of Vegetable Products ($8.98k), Machines ($7.62k), and Plastics and Rubbers ($2.84k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Azerbaijan Nigeria+$758kEthylene Polymers
Top Product Potential Nigeria Azerbaijan+$60.2kOther Oily Seeds

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

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

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