Peru (PER) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Peru-Azerbaijan Trade: In 2023, Peru exported $2.04M to Azerbaijan. The main products that Peru exported to Azerbaijan were Sowing Seeds ($1.23M), Tropical Fruits ($326k), and Other Fruits ($251k). Over the past 5 years the exports of Peru to Azerbaijan have increased at an annualized rate of 14.1%, from $1.06M in 2018 to $2.04M in 2023.

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

Azerbaijan-Peru Trade: In 2023, Azerbaijan exported $88.4k to Peru. The main products that Azerbaijan exported to Peru were Propylene Polymers ($87.9k) and Clays ($506). Over the past 5 years the exports of Azerbaijan to Peru have increased at an annualized rate of 45.7%, from $13.5k in 2018 to $88.4k in 2023.

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

Comparison: In 2023, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B). 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, Peru exported $2.04M to Azerbaijan. The main products exported from Peru to Azerbaijan were Sowing Seeds ($1.23M), Tropical Fruits ($326k), and Other Fruits ($251k). During the last 5 years the exports of Peru to Azerbaijan have increased at an annualized rate of 14.1%, from $1.06M in 2018 to $2.04M in 2023.

In 2018, Azerbaijan exported $88.4k to Peru. The main products exported from Azerbaijan to Peru were Propylene Polymers ($87.9k) and Clays ($506). During the last 5 years the exports of Azerbaijan to Peru have increased at an annualized rate of 45.7%, from $13.5k in 2023 to $88.4k in 2018.

Exports from Peru () to Azerbaijan () (2023)

Exports from Azerbaijan () to Peru () (2023)

Latest Data

Trade between Peru () and Azerbaijan ()

Peru Exports

Date

Azerbaijan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$22.5B

Azerbaijan
Top DestinationItaly$11.4B

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

In 2023, countries that imported more from Peru than Azerbaijan included China ($22.5B), United States ($9.3B), and Canada ($3.24B).

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

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

Comparative Advantage Peru - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Peru had a large net trade with Azerbaijan in the exports of Vegetable Products ($1.94M), Textiles ($76k), and Miscellaneous ($22.1k).

During 2018, Azerbaijan had a large net trade with Peru in the exports of Plastics and Rubbers ($87.9k) and Mineral Products ($506).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru Azerbaijan+$262kTropical Fruits

Top Product Potential Azerbaijan Peru+$718kEthylene 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to Azerbaijan () (2023)

Exports from Azerbaijan () to Peru () (2023)

Latest Data

Trade between Peru () and Azerbaijan ()

Peru Exports

Azerbaijan Exports

Market Competitiveness

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

Comparative Advantage Peru - Azerbaijan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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