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2022
Flag → Flag
Exports $15.4MRnk 73 / 188
2022
Flag → Flag
Top Product $5.05MHarvesting Machinery
2022
Flag → Flag
Exports $4.41MRnk 60 / 141
2022
Flag → Flag
Top Product $2.02MScrap Iron
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag  
GDP$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
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GDP GROWTH65.5%CURRENT US$
Rnk 34 / 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
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GDP PC $28,333CURRENT US$
Rnk 41 / 186
2012-2022
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GDP PC GROWTH62.8%CURRENT US$
Rnk 23 / 186
2022
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GDP PC$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186

About

Estonia-Azerbaijan Trade: In 2022, Estonia exported $15.4M to Azerbaijan. The main products that Estonia exported to Azerbaijan were Harvesting Machinery ($5.05M), Bovine ($3.68M), and Ethylene Polymers ($1.02M). Over the past 5 years the exports of Estonia to Azerbaijan have increased at an annualized rate of 23.2%, from $5.43M in 2017 to $15.4M in 2022.

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

Azerbaijan-Estonia Trade: 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). Over the past 5 years the exports of Azerbaijan to Estonia have increased at an annualized rate of 19.1%,  from $1.84M in 2017 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 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, 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 5 years the exports of Estonia to Azerbaijan have increased at an annualized rate of 23.2%, from $5.43M in 2017 to $15.4M in 2022.

In 2017, 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 5 years the exports of Azerbaijan to Estonia have increased at an annualized rate of 19.1%, from $1.84M in 2022 to $4.41M in 2017.

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 DestinationFinland$3B
Azerbaijan
Top DestinationItaly$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 2022, countries that imported more from Estonia than Azerbaijan included Finland ($3B), Latvia ($2.77B), and Sweden ($1.9B).

In 2022, countries that imported more from Azerbaijan than Estonia included 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 2017, 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 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) (2022)

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