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2023
Flag → Flag
Exports $241kRnk 88 / 137
2023
Flag → Flag
Top Product $137kBlank Audio Media
2023
Flag → Flag
Exports $25.8MRnk 115 / 212
2023
Flag → Flag
Top Product $5.61MBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
Flag
Economic Complexity (ECI) ECI 2Rnk 2 / 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 PC $7,126CURRENT US$
Rnk 103 / 195
2013-2023
Flag
GDP PC GROWTH-9.52%CURRENT US$
Rnk 168 / 195

About

Azerbaijan-Chinese Taipei Trade: In 2023, Azerbaijan exported $241k to Chinese Taipei. The main products that Azerbaijan exported to Chinese Taipei were Blank Audio Media ($137k), Refined Petroleum ($78.9k), and Fruit Juice ($22.8k). Over the past 5 years the exports of Azerbaijan to Chinese Taipei have decreased at an annualized rate of 80.8%, from $922M in 2018 to $241k in 2023.

In 2023, Azerbaijan did not export any services to Chinese Taipei.

Chinese Taipei-Azerbaijan Trade: In 2023, Chinese Taipei exported $25.8M to Azerbaijan. The main products that Chinese Taipei exported to Azerbaijan were Broadcasting Equipment ($5.61M), Other Plastic Products ($2.48M), and Metalworking Transfer Machines ($2.13M). Over the past 5 years the exports of Chinese Taipei to Azerbaijan have increased at an annualized rate of 5.99%,  from $19.3M in 2018 to $25.8M in 2023.

In 2023, Chinese Taipei 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, Chinese Taipei ranked 2 in the Economic Complexity Index (ECI 2), and 11 in total exports ($509B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Azerbaijan exported $241k to Chinese Taipei. The main products exported from Azerbaijan to Chinese Taipei were Blank Audio Media ($137k), Refined Petroleum ($78.9k), and Fruit Juice ($22.8k). During the last 5 years the exports of Azerbaijan to Chinese Taipei have decreased at an annualized rate of 80.8%, from $922M in 2018 to $241k in 2023.

In 2018, Chinese Taipei exported $25.8M to Azerbaijan. The main products exported from Chinese Taipei to Azerbaijan were Broadcasting Equipment ($5.61M), Other Plastic Products ($2.48M), and Metalworking Transfer Machines ($2.13M). During the last 5 years the exports of Chinese Taipei to Azerbaijan have increased at an annualized rate of 5.99%, from $19.3M in 2023 to $25.8M in 2018.

Exports from Azerbaijan (Flag) to Chinese Taipei (Flag) (2023)

Exports from Chinese Taipei (Flag) to Azerbaijan (Flag) (2023)

Market Competitiveness

Color
Azerbaijan
Top DestinationItaly$11.4B
Chinese Taipei
Top DestinationChina$101B

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

In 2023, countries that imported more from Azerbaijan than Chinese Taipei included Italy ($11.4B), Turkey ($5.85B), and Greece ($1.27B).

In 2023, countries that imported more from Chinese Taipei than Azerbaijan included China ($101B), United States ($85.6B), and Hong Kong ($66.1B).

Difference in imports from Chinese Taipei (Flag) and Azerbaijan (Flag) (2023)

Comparative Advantage Azerbaijan - Chinese Taipei

Flow
Scale

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

During 2023, Azerbaijan had a large net trade with Chinese Taipei in the exports of Machines ($137k), Mineral Products ($78.9k), and Foodstuffs ($22.8k).

During 2018, Chinese Taipei had a large net trade with Azerbaijan in the exports of Machines ($16.5M), Plastics and Rubbers ($3.31M), and Instruments ($1.52M).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Azerbaijan and Chinese Taipei. This means that a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Chinese Taipei. Similarly, a dot/product with the flag of Chinese Taipei indicates it has a comparative advantage over Azerbaijan.

Product Space of Azerbaijan (Flag) and Chinese Taipei (Flag) (2023)

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