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2022
Flag → Flag
Exports $88.7MRnk 112 / 218
2022
Flag → Flag
Top Product $16.7MNavigation Equipment
2022
Flag → Flag
Exports $1.04BRnk 6 / 141
2022
Flag → Flag
Top Product $1.03BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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 GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186

About

Spain-Azerbaijan Trade: In 2022, Spain exported $88.7M to Azerbaijan. The main products that Spain exported to Azerbaijan were Navigation Equipment ($16.7M), Delivery Trucks ($7.94M), and Unglazed Ceramics ($4.04M). Over the past 5 years the exports of Spain to Azerbaijan have increased at an annualized rate of 7.39%, from $62.1M in 2017 to $88.7M in 2022.

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

Azerbaijan-Spain Trade: In 2022, Azerbaijan exported $1.04B to Spain. The main products that Azerbaijan exported to Spain were Crude Petroleum ($1.03B), Acyclic Alcohols ($7.2M), and Hard Liquor ($1.16M). Over the past 5 years the exports of Azerbaijan to Spain have increased at an annualized rate of 21.6%,  from $390M in 2017 to $1.04B in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €10M and imported €426k from Azerbaijan, resulting in a positive trade balance of €9.62M. Between August 2023 and August 2024 the exports of Spain have increased by €6.62M (193%) from €3.42M to €10M, while imports decreased by €-893k (-67.7%) from €1.32M to €426k.

Trade In August 2024, the top exports of Spain to Azerbaijan were Unglazed Ceramics (€494k), Navigation Equipment (€339k), Cars (€220k), Non-Knit Women's Suits (€192k), and Mixed Mineral or Chemical Fertilizers (€140k). In August 2024 the top imports of Spain from Azerbaijan were Crude Petroleum (€154M), Other Nuts (€593k), Refined Petroleum (€21.8k), Commodities not elsewhere specified (€9.25k), and Other Meat (€2.62k).

Origins In August 2024 the exports of Spain were mainly from Valencia (€4.83M), Girona (€961k), Barcelona (€960k), Madrid (€738k), and Castellón (€659k), while imports destinations were mainly Valencia (€387k), Barcelona (€17.4k), Cantabria (Santander) (€15.8k), Zamora (€4.41k), and Baleares (€562).

Growth In August 2024, the increase in Spain's year-by-year exports to Azerbaijan was explained primarily by an increase in product exports in Navigation Equipment (€305k or 881%), Unglazed Ceramics (€282k or 133%), and Cars (€88.8k or 67.5%). In August 2024, the decrease in Spain's year-by-year imports  from Azerbaijan was explained primarily by an decrease in product imports  in Other Nuts (€-31.2k or -5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€6.62M(193%)
IMPORT GROWTH (August 2023 - August 2024)€-893k(-67.7%)
MAIN EXPORTER (August 2024)Valencia€4.83M

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Azerbaijan and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Azerbaijan and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $88.7M to Azerbaijan. The main products exported from Spain to Azerbaijan were Navigation Equipment ($16.7M), Delivery Trucks ($7.94M), and Unglazed Ceramics ($4.04M). During the last 5 years the exports of Spain to Azerbaijan have increased at an annualized rate of 7.39%, from $62.1M in 2017 to $88.7M in 2022.

In 2017, Azerbaijan exported $1.04B to Spain. The main products exported from Azerbaijan to Spain were Crude Petroleum ($1.03B), Acyclic Alcohols ($7.2M), and Hard Liquor ($1.16M). During the last 5 years the exports of Azerbaijan to Spain have increased at an annualized rate of 21.6%, from $390M in 2022 to $1.04B in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Azerbaijan
Top DestinationItaly$18.3B

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

In 2022, countries that imported more from Spain than Azerbaijan included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, countries that imported more from Azerbaijan than Spain included Georgia ($645M), Croatia ($990M), and Indonesia ($612M).

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

Comparative Advantage Spain - Azerbaijan

Flow
Scale

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

During 2022, Spain had a large net trade with Azerbaijan in the exports of Machines ($25.7M), Transportation ($11.4M), and Textiles ($11.1M).

During 2017, Azerbaijan had a large net trade with Spain in the exports of Mineral Products ($1.03B), Chemical Products ($7.62M), and Foodstuffs ($1.16M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Azerbaijan+$9.91MPackaged Medicaments
Top Product Potential Azerbaijan Spain+$209MCrude Petroleum

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

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

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