2023
Flag  
GDP
$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP GROWTH
-2.43%CURRENT US$
Rnk 173 / 195
2023
Flag
 GDP
$430BCURRENT US$
Rnk 34 / 195
2013-2023
Flag
GDP GROWTH
101%CURRENT US$
Rnk 13 / 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
$4,282CURRENT US$
Rnk 128 / 196
2013-2023
Flag
GDP PC GROWTH
81.5%CURRENT US$
Rnk 15 / 195

About

Azerbaijan-Vietnam Trade: In 2023, Azerbaijan exported $346M to Vietnam. The main products that Azerbaijan exported to Vietnam were N/A. Over the past 5 years the exports of Azerbaijan to Vietnam have increased at an annualized rate of 35.3%, from $76.2M in 2018 to $346M in 2023.

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

Vietnam-Azerbaijan Trade: In 2023, Vietnam exported $136M to Azerbaijan. The main products that Vietnam exported to Azerbaijan were Broadcasting Equipment ($70.3M), Video Displays ($25M), and Machinery Having Individual Functions ($5.13M). Over the past 5 years the exports of Vietnam to Azerbaijan have increased at an annualized rate of 17.9%,  from $59.8M in 2018 to $136M in 2023.

In 2023, Vietnam 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, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B).

Historical Data

Latest Data

Trade between Azerbaijan (Flag) and Vietnam (Flag)

Azerbaijan Exports

Market Competitiveness

Color
Azerbaijan
Top Destination
Italy$11.4B
Vietnam
Top Destination
United States$118B

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

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

In 2023, countries that imported more from Vietnam than Azerbaijan included United States ($118B), China ($85.7B), and Japan ($25.1B).

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

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Azerbaijan Vietnam+$35.9MCrude Petroleum
Top Product Potential Vietnam Azerbaijan+$29.1MTelephones

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

Product Space of Azerbaijan (Flag) and Vietnam (Flag) (NaN)

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