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2023
Flag → Flag
Exports $14.3MRnk 65 / 192
2023
Flag → Flag
Top Product $2.85MBovine
2023
Flag → Flag
Exports $17.9MRnk 51 / 137
2023
Flag → Flag
Top Product $11.1MCoal Tar Oil
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
Flag  
GDP$41.3BCURRENT US$
Rnk 101 / 195
2013-2023
Flag
GDP GROWTH62.2%CURRENT US$
Rnk 49 / 195
2023
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 GDP$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP GROWTH-2.43%CURRENT US$
Rnk 173 / 195
2023
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GDP PC $30,133CURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP PC GROWTH56%CURRENT US$
Rnk 35 / 195
2023
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GDP PC$7,126CURRENT US$
Rnk 103 / 196
2013-2023
Flag
GDP PC GROWTH-9.52%CURRENT US$
Rnk 168 / 195

About

Estonia-Azerbaijan Trade: In 2023, Estonia exported $14.3M to Azerbaijan. The main products that Estonia exported to Azerbaijan were Bovine ($2.85M), Excavation Machinery ($2.33M), and Ethylene Polymers ($1.71M). Over the past 5 years the exports of Estonia to Azerbaijan have increased at an annualized rate of 17.9%, from $6.29M in 2018 to $14.3M in 2023.

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

Azerbaijan-Estonia Trade: In 2023, Azerbaijan exported $17.9M to Estonia. The main products that Azerbaijan exported to Estonia were Coal Tar Oil ($11.1M), Petroleum Resins ($5.08M), and Stainless Steel Ingots ($494k). Over the past 5 years the exports of Azerbaijan to Estonia have increased at an annualized rate of 49.1%,  from $2.43M in 2018 to $17.9M in 2023.

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

Comparison In 2023,  Estonia ranked 79 in total exports ($20B), and does not have data regarding Economic Complexity Index. That same year, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Estonia exported $14.3M to Azerbaijan. The main products exported from Estonia to Azerbaijan were Bovine ($2.85M), Excavation Machinery ($2.33M), and Ethylene Polymers ($1.71M). During the last 5 years the exports of Estonia to Azerbaijan have increased at an annualized rate of 17.9%, from $6.29M in 2018 to $14.3M in 2023.

In 2018, Azerbaijan exported $17.9M to Estonia. The main products exported from Azerbaijan to Estonia were Coal Tar Oil ($11.1M), Petroleum Resins ($5.08M), and Stainless Steel Ingots ($494k). During the last 5 years the exports of Azerbaijan to Estonia have increased at an annualized rate of 49.1%, from $2.43M in 2023 to $17.9M in 2018.

Exports from Estonia (Flag) to Azerbaijan (Flag) (2023)

Exports from Azerbaijan (Flag) to Estonia (Flag) (2023)

Latest Data

Trade between Estonia (Flag) and Azerbaijan (Flag)

Estonia Exports

Azerbaijan Exports

Market Competitiveness

Color
Estonia
Top DestinationFinland$2.71B
Azerbaijan
Top DestinationItaly$11.4B

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

In 2023, countries that imported more from Estonia than Azerbaijan included Finland ($2.71B), Latvia ($1.91B), and Lithuania ($1.74B).

In 2023, countries that imported more from Azerbaijan than Estonia included Italy ($11.4B), Turkey ($5.85B), and Israel ($1.4B).

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

Comparative Advantage Estonia - Azerbaijan

Flow
Scale

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

During 2023, Estonia had a large net trade with Azerbaijan in the exports of Machines ($6.55M), Animal Products ($3.22M), and Plastics and Rubbers ($1.87M).

During 2018, Azerbaijan had a large net trade with Estonia in the exports of Mineral Products ($11.1M), Plastics and Rubbers ($5.08M), and Metals ($494k).

Economic Complexity

Competitive Landscape

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

Product Space of Estonia (Flag) and Azerbaijan (Flag) (2023)

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