Bangladesh (BGD) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Bangladesh-Azerbaijan Trade: In 2022, Bangladesh exported $17.4M to Azerbaijan. The main products that Bangladesh exported to Azerbaijan were Knit T-shirts ($3.01M), Knit Sweaters ($2.55M), and Non-Knit Women's Suits ($2.04M). Over the past 5 years the exports of Bangladesh to Azerbaijan have increased at an annualized rate of 13.2%, from $9.4M in 2017 to $17.4M in 2022.

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

Azerbaijan-Bangladesh Trade: In 2022, Azerbaijan exported $1.86M to Bangladesh. The main products that Azerbaijan exported to Bangladesh were Raw Cotton ($1.86M). Over the past 5 years the exports of Azerbaijan to Bangladesh have increased at an annualized rate of 44.5%, from $295k in 2017 to $1.86M in 2022.

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

Comparison: In 2022, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bangladesh exported $17.4M to Azerbaijan. The main products exported from Bangladesh to Azerbaijan were Knit T-shirts ($3.01M), Knit Sweaters ($2.55M), and Non-Knit Women's Suits ($2.04M). During the last 5 years the exports of Bangladesh to Azerbaijan have increased at an annualized rate of 13.2%, from $9.4M in 2017 to $17.4M in 2022.

In 2017, Azerbaijan exported $1.86M to Bangladesh. The main products exported from Azerbaijan to Bangladesh were Raw Cotton ($1.86M). During the last 5 years the exports of Azerbaijan to Bangladesh have increased at an annualized rate of 44.5%, from $295k in 2022 to $1.86M in 2017.

Exports from Bangladesh () to Azerbaijan () (2022)

Exports from Azerbaijan () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Azerbaijan ()

Azerbaijan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$11.7B

Azerbaijan
Top DestinationItaly$18.3B

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

In 2022, countries that imported more from Bangladesh than Azerbaijan included United States ($11.7B), Germany ($10.2B), and United Kingdom ($4.86B).

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

Difference in imports from Azerbaijan () and Bangladesh () (2022)

Comparative Advantage Bangladesh - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bangladesh had a large net trade with Azerbaijan in the exports of Textiles ($15.8M), Chemical Products ($1.08M), and Foodstuffs ($273k).

During 2017, Azerbaijan had a large net trade with Bangladesh in the exports of Textiles ($1.86M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Azerbaijan+$3.71MKnit T-shirts

Top Product Potential Azerbaijan Bangladesh+$2.66MRaw Cotton

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Azerbaijan () (2022)

Exports from Azerbaijan () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Azerbaijan ()

Azerbaijan Exports

Market Competitiveness

Difference in imports from Azerbaijan () and Bangladesh () (2022)

Comparative Advantage Bangladesh - Azerbaijan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bangladesh () and Azerbaijan () (2022)

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