GDP$19.7BCURRENT US$Rnk 123 / 195 GDP GROWTH57.2%CURRENT US$Rnk 59 / 195
GDP$72.4BCURRENT US$Rnk 83 / 195 GDP GROWTH-2.43%CURRENT US$Rnk 173 / 195 GDP PC $1,394CURRENT US$Rnk 168 / 195GDP PC GROWTH19.3%CURRENT US$Rnk 104 / 195GDP PC$7,126CURRENT US$Rnk 103 / 196GDP PC GROWTH-9.52%CURRENT US$Rnk 168 / 195In N/A, Benin did not export any services to Azerbaijan.
Azerbaijan-Benin In N/A, Azerbaijan did not export any products to Benin.
In N/A, Azerbaijan did not export any services to Benin.
Comparison: In 2023, Benin ranked 83 in the Economic Complexity Index (ECI -0.43), and 146 in total exports ($1.93B). That same year, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B).
Benin does not register exports to Azerbaijan.
Azerbaijan does not register exports to Benin.
) to Azerbaijan () (2022)) to Benin () (2022)This map shows whether countries import more from Benin or Azerbaijan. Each country is colored based on the difference in imports they receive from Benin and Azerbaijan or the difference in the growth in imports.
In 2023, countries that imported more from Benin than Azerbaijan included United Arab Emirates ($803M), Bangladesh ($391M), and Togo ($53.9M).
In 2023, countries that imported more from Azerbaijan than Benin included Italy ($11.4B), Turkey ($5.85B), and Israel ($1.4B).
) and Benin () (2023)This chart compares trade between Benin and Azerbaijan by product, considering products traded by both, Benin and Azerbaijan.
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.
This visualization shows the product space at the HS4 level with the flags of Benin and Azerbaijan. This means that a dot/product with the flag of Benin indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Benin.
) and Azerbaijan () (2022)
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