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Pricing

2022
Flag → Flag
Exports $36.7kRnk 147 / 166
2022
Flag → Flag
Top Product $18kOther Oily Seeds
2022
Flag → Flag
Exports $2.34MRnk 66 / 141
2022
Flag → Flag
Top Product $1.86MMilitary Weapons
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
Flag
GDP PC $2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186
2022
Flag
GDP PC$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186

About

Nigeria-Azerbaijan Trade: In 2022, Nigeria exported $36.7k to Azerbaijan. The main products that Nigeria exported to Azerbaijan were Other Oily Seeds ($18k), Wood Charcoal ($17.6k), and Spices ($1.17k). Over the past 5 years the exports of Nigeria to Azerbaijan have decreased at an annualized rate of 2.25%, from $41.2k in 2017 to $36.7k in 2022.

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

Azerbaijan-Nigeria Trade: In 2022, Azerbaijan exported $2.34M to Nigeria. The main products that Azerbaijan exported to Nigeria were Military Weapons ($1.86M), Ethylene Polymers ($385k), and Computers ($18.9k). Over the past 5 years the exports of Azerbaijan to Nigeria have increased at an annualized rate of 30.9%,  from $609k in 2017 to $2.34M in 2022.

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

Comparison: In 2022,  Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). 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, Nigeria exported $36.7k to Azerbaijan. The main products exported from Nigeria to Azerbaijan were Other Oily Seeds ($18k), Wood Charcoal ($17.6k), and Spices ($1.17k). During the last 5 years the exports of Nigeria to Azerbaijan have decreased at an annualized rate of 2.25%, from $41.2k in 2017 to $36.7k in 2022.

In 2017, Azerbaijan exported $2.34M to Nigeria. The main products exported from Azerbaijan to Nigeria were Military Weapons ($1.86M), Ethylene Polymers ($385k), and Computers ($18.9k). During the last 5 years the exports of Azerbaijan to Nigeria have increased at an annualized rate of 30.9%, from $609k in 2022 to $2.34M in 2017.

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

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

Latest Data

Trade between Nigeria (Flag) and Azerbaijan (Flag)

Azerbaijan Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Azerbaijan
Top DestinationItaly$18.3B

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

In 2022, countries that imported more from Nigeria than Azerbaijan included Spain ($9.41B), India ($8.2B), and France ($4.95B).

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

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

Comparative Advantage Nigeria - Azerbaijan

Flow
Scale

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

During 2022, Nigeria had a large net trade with Azerbaijan in the exports of Vegetable Products ($19.2k) and Wood Products ($17.6k).

During 2017, Azerbaijan had a large net trade with Nigeria in the exports of Weapons ($1.86M), Plastics and Rubbers ($385k), and Machines ($48.5k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Azerbaijan+$60.2kOther Oily Seeds
Top Product Potential Azerbaijan Nigeria+$758kEthylene Polymers

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

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

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