2022
Flag  
GDP
$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP GROWTH
-22.1%CURRENT US$
Rnk 180 / 186
2022
Flag
 GDP
$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 140 / 186
2022
Flag
GDP PC 
$8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH
-27.7%CURRENT US$
Rnk 177 / 186
2022
Flag
GDP PC
$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH
3.21%CURRENT US$
Rnk 134 / 186

About

Brazil-Azerbaijan Trade: In 2022, Brazil exported $188M to Azerbaijan. The main products that Brazil exported to Azerbaijan were Raw Sugar ($130M), Raw Tobacco ($19.1M), and Soybean Meal ($10.3M). Over the past 5 years the exports of Brazil to Azerbaijan have increased at an annualized rate of 5.47%, from $144M in 2017 to $188M in 2022.

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

Azerbaijan-Brazil Trade: In 2022, Azerbaijan exported $19.7M to Brazil. The main products that Azerbaijan exported to Brazil were Nitrogenous Fertilizers ($18.5M), Industrial Fatty Acids, Oils and Alcohols ($828k), and Propylene Polymers ($316k). Over the past 5 years the exports of Azerbaijan to Brazil have increased at an annualized rate of 171%,  from $135k in 2017 to $19.7M in 2022.

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

Comparison: In 2022,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B). 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
Value

In 2022, Brazil exported $188M to Azerbaijan. The main products exported from Brazil to Azerbaijan were Raw Sugar ($130M), Raw Tobacco ($19.1M), and Soybean Meal ($10.3M). During the last 5 years the exports of Brazil to Azerbaijan have increased at an annualized rate of 5.47%, from $144M in 2017 to $188M in 2022.

In 2017, Azerbaijan exported $19.7M to Brazil. The main products exported from Azerbaijan to Brazil were Nitrogenous Fertilizers ($18.5M), Industrial Fatty Acids, Oils and Alcohols ($828k), and Propylene Polymers ($316k). During the last 5 years the exports of Azerbaijan to Brazil have increased at an annualized rate of 171%, from $135k in 2022 to $19.7M in 2017.

Exports from Brazil (Flag) to Azerbaijan (Flag) (2022)

Exports from Azerbaijan (Flag) to Brazil (Flag) (2022)

Market Competitiveness

Color
Brazil
Top Destination
China$90.1B
Azerbaijan
Top Destination
Italy$18.3B

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

In 2022, countries that imported more from Brazil than Azerbaijan included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

In 2022, countries that imported more from Azerbaijan than Brazil included Italy ($18.3B), Greece ($1.51B), and Croatia ($990M).

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

Comparative Advantage Brazil - Azerbaijan

Flow
Scale

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

During 2022, Brazil had a large net trade with Azerbaijan in the exports of Foodstuffs ($166M), Vegetable Products ($11.3M), and Machines ($3.62M).

During 2017, Azerbaijan had a large net trade with Brazil in the exports of Chemical Products ($19.3M), Plastics and Rubbers ($319k), and Metals ($44.5k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Azerbaijan+$5.39MSoybean Meal
Top Product Potential Azerbaijan Brazil+$8.91MNitrogenous Fertilizers

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

Product Space of Brazil (Flag) and Azerbaijan (Flag) (2022)

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