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undefined
Flag → Flag
Exports $213Rnk 29 / 0
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag  
GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
Flag
 GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 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$462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186

About

In N/A, Azerbaijan did not export any services to Somalia.

Somalia-Azerbaijan Trade: In N/A, Somalia exported $213 to Azerbaijan. The main products that Somalia exported to Azerbaijan were N/A. Over the past N/A years the exports of Somalia to Azerbaijan have decreased at an annualized rate of 27%,  from $1.03k in N/A to $213 in N/A.

In N/A, Somalia 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, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

Azerbaijan does not register exports to Somalia.

In 2016, Somalia exported $213 to Azerbaijan. There were not main exports from Somalia to Azerbaijan in 2016. During the last 5 years the exports of Somalia to Azerbaijan have decreased at an annualized rate of 27%, from $1.03k in 2021 to $213 in 2016.

Exports from Azerbaijan (Flag) to Somalia (Flag) (2021)

Exports from Somalia (Flag) to Azerbaijan (Flag) (2021)

Market Competitiveness

Color
Azerbaijan
Top DestinationItaly$18.3B
Somalia
Top DestinationUnited Arab Emirates$283M

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

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

In 2022, countries that imported more from Somalia than Azerbaijan included United Arab Emirates ($283M), Oman ($173M), and Kuwait ($13.5M).

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

Comparative Advantage Azerbaijan - Somalia

Flow
Scale

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

During 2016, Somalia had a large net trade with Azerbaijan in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Azerbaijan Somalia+$3.06kPetroleum Gas
Top Product Potential Somalia Azerbaijan+$1.96kGold

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

Product Space of Azerbaijan (Flag) and Somalia (Flag) (2021)

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