Nepal (NPL) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Nepal-Azerbaijan Trade: In 2023, Nepal exported $7.03k to Azerbaijan. The main products that Nepal exported to Azerbaijan were Knotted Carpets ($6.42k), Paper Containers ($399), and Motor vehicles; parts and accessories (8701 to 8705) ($208). Over the past 5 years the exports of Nepal to Azerbaijan have decreased at an annualized rate of 35.4%, from $62.5k in 2018 to $7.03k in 2023.

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

Azerbaijan-Nepal Trade: In 2023, Azerbaijan exported $51 to Nepal. The main products that Azerbaijan exported to Nepal were N/A. Over the past 5 years the exports of Azerbaijan to Nepal have decreased at an annualized rate of 62.8%, from $7.12k in 2018 to $51 in 2023.

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

Comparison In 2023, Nepal ranked 156 in total exports ($1.21B), 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Nepal exported $7.03k to Azerbaijan. The main products exported from Nepal to Azerbaijan were Knotted Carpets ($6.42k), Paper Containers ($399), and Motor vehicles; parts and accessories (8701 to 8705) ($208). During the last 5 years the exports of Nepal to Azerbaijan have decreased at an annualized rate of 35.4%, from $62.5k in 2018 to $7.03k in 2023.

In 2017, Azerbaijan exported $51 to Nepal. There were not main exports from Azerbaijan to Nepal in 2017. During the last 5 years the exports of Azerbaijan to Nepal have decreased at an annualized rate of 62.8%, from $7.12k in 2022 to $51 in 2017.

Exports from Nepal () to Azerbaijan () (2023)

Exports from Azerbaijan () to Nepal () (2023)

Latest Data

Trade between Nepal () and Azerbaijan ()

Azerbaijan Exports

Date

Aug 2017

Dec 2016

Apr 2015

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$811M

Azerbaijan
Top DestinationItaly$11.4B

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

In 2023, countries that imported more from Nepal than Azerbaijan included United States ($140M), Canada ($11.1M), and Denmark ($7.42M).

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

Difference in imports from Azerbaijan () and Nepal () (2023)

Comparative Advantage Nepal - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nepal had a large net trade with Azerbaijan in the exports of Textiles ($6.42k), Paper Goods ($399), and Transportation ($208).

During 2017, Azerbaijan had a large net trade with Nepal in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Azerbaijan+$33.8kPackaged Medicaments

Top Product Potential Azerbaijan Nepal+$6.07kPetroleum Gas

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Nepal () to Azerbaijan () (2023)

Exports from Azerbaijan () to Nepal () (2023)

Latest Data

Trade between Nepal () and Azerbaijan ()

Azerbaijan Exports

Market Competitiveness

Difference in imports from Azerbaijan () and Nepal () (2023)

Comparative Advantage Nepal - Azerbaijan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Nepal () and Azerbaijan () (2023)

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