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Pricing

2022
Flag → Flag
Exports $40.6kRnk 105 / 141
2022
Flag → Flag
Top Product $22.5kNavigation Equipment
2022
Flag → Flag
Exports $4.47MRnk 105 / 205
2022
Flag → Flag
Top Product $1.92MOffice Machine Parts
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag  
GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
Flag
 GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC $7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186
2022
Flag
GDP PC$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Azerbaijan-Philippines Trade: In 2022, Azerbaijan exported $40.6k to Philippines. The main products that Azerbaijan exported to Philippines were Navigation Equipment ($22.5k), Refined Petroleum ($15.6k), and Other Plastic Products ($1.23k). Over the past 6 years the exports of Azerbaijan to Philippines have decreased at an annualized rate of 41.5%, from $1.02M in 2016 to $40.6k in 2022.

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

Philippines-Azerbaijan Trade: In 2022, Philippines exported $4.47M to Azerbaijan. The main products that Philippines exported to Azerbaijan were Office Machine Parts ($1.92M), Packaged Medicaments ($706k), and Blank Audio Media ($393k). Over the past 6 years the exports of Philippines to Azerbaijan have increased at an annualized rate of 18%,  from $1.96M in 2016 to $4.47M in 2022.

In 2022, Philippines 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, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Azerbaijan exported $40.6k to Philippines. The main products exported from Azerbaijan to Philippines were Navigation Equipment ($22.5k), Refined Petroleum ($15.6k), and Other Plastic Products ($1.23k). During the last 6 years the exports of Azerbaijan to Philippines have decreased at an annualized rate of 41.5%, from $1.02M in 2016 to $40.6k in 2022.

In 2017, Philippines exported $4.47M to Azerbaijan. The main products exported from Philippines to Azerbaijan were Office Machine Parts ($1.92M), Packaged Medicaments ($706k), and Blank Audio Media ($393k). During the last 5 years the exports of Philippines to Azerbaijan have increased at an annualized rate of 18%, from $1.96M in 2022 to $4.47M in 2017.

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

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

Latest Data

Trade between Azerbaijan (Flag) and Philippines (Flag)

Azerbaijan Exports

Philippines Exports

Market Competitiveness

Color
Azerbaijan
Top DestinationItaly$18.3B
Philippines
Top DestinationUnited States$15.5B

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

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

In 2022, countries that imported more from Philippines than Azerbaijan included United States ($15.5B), China ($15.3B), and Hong Kong ($12.6B).

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

Comparative Advantage Azerbaijan - Philippines

Flow
Scale

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

During 2022, Azerbaijan had a large net trade with Philippines in the exports of Machines ($22.6k), Mineral Products ($15.6k), and Plastics and Rubbers ($1.23k).

During 2017, Philippines had a large net trade with Azerbaijan in the exports of Machines ($3.07M), Chemical Products ($852k), and Instruments ($175k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Azerbaijan Philippines+$202kRefined Petroleum
Top Product Potential Philippines Azerbaijan+$1.21MIndustrial Printers

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

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

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