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Pricing

2022
Flag → Flag
Exports $2.02kRnk 157 / 173
2022
Flag → Flag
Top Product $1.53kBeauty Products
2022
Flag → Flag
Exports $180kRnk 93 / 141
2022
Flag → Flag
Top Product $75.6kInterchangeable Tool Parts
2022
Flag
Economic Complexity (ECI) ECI -0.63Rnk 94 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag  
GDP$12.6BCURRENT US$
Rnk 141 / 186
2012-2022
Flag
GDP GROWTH-3.33%CURRENT US$
Rnk 168 / 186
2022
Flag
 GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
Flag
GDP PC $4,911CURRENT US$
Rnk 113 / 186
2012-2022
Flag
GDP PC GROWTH-18.4%CURRENT US$
Rnk 170 / 186
2022
Flag
GDP PC$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186

About

Namibia-Azerbaijan Trade: In 2022, Namibia exported $2.02k to Azerbaijan. The main products that Namibia exported to Azerbaijan were Beauty Products ($1.53k) and Other Furniture ($491). Over the past 5 years the exports of Namibia to Azerbaijan have decreased at an annualized rate of 34.2%, from $16.3k in 2017 to $2.02k in 2022.

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

Azerbaijan-Namibia Trade: In 2022, Azerbaijan exported $180k to Namibia. The main products that Azerbaijan exported to Namibia were Interchangeable Tool Parts ($75.6k), Metal-Rolling Mills ($55.1k), and Forging Machines ($11.5k). Over the past 5 years the exports of Azerbaijan to Namibia have increased at an annualized rate of 9.05%,  from $31.9k in 2017 to $180k in 2022.

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

Comparison: In 2022,  Namibia ranked 94 in the Economic Complexity Index (ECI -0.63), and 121 in total exports ($6.18B). 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, Namibia exported $2.02k to Azerbaijan. The main products exported from Namibia to Azerbaijan were Beauty Products ($1.53k) and Other Furniture ($491). During the last 5 years the exports of Namibia to Azerbaijan have decreased at an annualized rate of 34.2%, from $16.3k in 2017 to $2.02k in 2022.

In 2017, Azerbaijan exported $180k to Namibia. The main products exported from Azerbaijan to Namibia were Interchangeable Tool Parts ($75.6k), Metal-Rolling Mills ($55.1k), and Forging Machines ($11.5k). During the last 5 years the exports of Azerbaijan to Namibia have increased at an annualized rate of 9.05%, from $31.9k in 2022 to $180k in 2017.

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

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

Latest Data

Trade between Namibia (Flag) and Azerbaijan (Flag)

Namibia Exports

Market Competitiveness

Color
Namibia
Top DestinationSouth Africa$1.75B
Azerbaijan
Top DestinationItaly$18.3B

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

In 2022, countries that imported more from Namibia than Azerbaijan included South Africa ($1.75B), Botswana ($672M), and China ($628M).

In 2022, countries that imported more from Azerbaijan than Namibia included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

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

Comparative Advantage Namibia - Azerbaijan

Flow
Scale

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

During 2022, Namibia had a large net trade with Azerbaijan in the exports of Chemical Products ($1.53k) and Miscellaneous ($491).

During 2017, Azerbaijan had a large net trade with Namibia in the exports of Machines ($93.3k), Metals ($80.9k), and Textiles ($3k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Namibia Azerbaijan+$3.08kRefined Petroleum
Top Product Potential Azerbaijan Namibia+$4.02kRubberworking Machinery

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

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

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