2022
Flag  
GDP
$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP GROWTH
65.5%CURRENT US$
Rnk 34 / 186
2022
Flag
 GDP
$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 140 / 186
2022
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GDP PC 
$28,333CURRENT US$
Rnk 41 / 186
2012-2022
Flag
GDP PC GROWTH
62.8%CURRENT US$
Rnk 23 / 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

Estonia-Azerbaijan In 2022, Estonia exported $15.4M to Azerbaijan. The main products that Estonia exported to Azerbaijan are Harvesting Machinery ($5.05M), Bovine ($3.68M), and Ethylene Polymers ($1.02M). During the last 27 years the exports of Estonia to Azerbaijan have increased at an annualized rate of 8.48%, from $1.71M in 1995 to $15.4M in 2022.

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

Azerbaijan-Estonia In 2022, Azerbaijan exported $4.41M to Estonia. The main products that Azerbaijan exported to Estonia were Scrap Iron ($2.02M), Stainless Steel Ingots ($1.23M), and Petroleum Resins ($265k). During the last 27 years the exports of Azerbaijan to Estonia have increased at an annualized rate of 9.18%, from $411k in 1995 to $4.41M in 2022.

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

Comparison In 2022,  Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index. That same year, Azerbaijan ranked 82 in the Economic Complexity Index (ECI -0.47), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Estonia exported $15.4M to Azerbaijan. The main products exported from Estonia to Azerbaijan were Harvesting Machinery ($5.05M), Bovine ($3.68M), and Ethylene Polymers ($1.02M). During the last 27 years the exports of Estonia to Azerbaijan have increased at an annualized rate of 8.48%, from $1.71M in 1995 to $15.4M in 2022.

In 2022, Azerbaijan exported $4.41M to Estonia. The main products exported from Azerbaijan to Estonia were Scrap Iron ($2.02M), Stainless Steel Ingots ($1.23M), and Petroleum Resins ($265k). During the last 27 years the exports of Azerbaijan to Estonia have increased at an annualized rate of 9.18%, from $411k in 1995 to $4.41M in 2022.

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

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

Latest Data

Trade between Estonia (Flag) and Azerbaijan (Flag)

Estonia Exports

Azerbaijan Exports

Market Competitiveness

Color
Estonia
Top Destination
Finland$3B
Azerbaijan
Top Destination
Italy$18.3B

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 2021, countries that imported more from Estonia than Azerbaijan were Finland ($3B), Latvia ($2.77B), and Sweden ($1.9B).

In 2021, countries that imported more from Azerbaijan than Estonia were Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

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

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 2022, Estonia had a large net trade with Azerbaijan in the exports of Machines ($6.78M), Animal Products ($4.32M), and Plastics and Rubbers ($1.11M).

During 2022, Azerbaijan had a large net trade with Estonia in the exports of Metals ($3.49M), Foodstuffs ($367k), and Plastics and Rubbers ($265k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Estonia has comparative advantage over Azerbaijan. Similarly, the more yellow a dot/product is, the more Azerbaijan has comparative advantage over Estonia.

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

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