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2023
Flag → Flag
Exports $12.7MRnk 118 / 211
2023
Flag → Flag
Top Product $1.83MIntegrated Circuits
2023
Flag → Flag
Exports $427MRnk 13 / 137
2023
Flag → Flag
Top Product $427MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP GROWTH-2.43%CURRENT US$
Rnk 173 / 195
2023
Flag
GDP PC $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
Flag
GDP PC$7,126CURRENT US$
Rnk 103 / 196
2013-2023
Flag
GDP PC GROWTH-9.52%CURRENT US$
Rnk 168 / 195

About

Portugal-Azerbaijan Trade: In 2023, Portugal exported $12.7M to Azerbaijan. The main products that Portugal exported to Azerbaijan were Integrated Circuits ($1.83M), Packaged Medicaments ($1.6M), and Knit T-shirts ($746k). Over the past 5 years the exports of Portugal to Azerbaijan have decreased at an annualized rate of 1.84%, from $13.9M in 2018 to $12.7M in 2023.

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

Azerbaijan-Portugal Trade: In 2023, Azerbaijan exported $427M to Portugal. The main products that Azerbaijan exported to Portugal were Crude Petroleum ($427M), Tanned Equine and Bovine Hides ($415k), and Antiques ($51.7k). Over the past 5 years the exports of Azerbaijan to Portugal have decreased at an annualized rate of 14.1%,  from $912M in 2018 to $427M in 2023.

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

Comparison: In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B).

Latest Trends

December, 2024

About

Overview In December 2024, Portugal exported €1.94M and imported €50.4M from Azerbaijan, resulting in a negative trade balance of €48.5M. Between December 2023 and December 2024 the exports of Portugal have increased by €1.78M (1.09k%) from €163k to €1.94M, while imports increased by €50.4M (2.13M%) from €2.36k to €50.4M.

Trade In December 2024, the top exports of Portugal to Azerbaijan were Machinery, mechanical appliances, & parts (€40.6k), Animal or vegetable fats, oils, &... (€38.7k), Furniture, bedding, lamps, & prefab buildings (€35.8k), Paper articles (€30.3k), and Optical, photo, & film equipment; medical... (€12.1k). In December 2024 the top imports of Portugal from Azerbaijan were Mineral fuels, mineral oils and products... (€82.7M), Leather articles (€125), Toys, games, & sports (€110), Non-knitted clothing accesories (€70), and Live animals (€0).

Growth In December 2024, the increase in Portugal's year-by-year exports to Azerbaijan was explained primarily by an increase in product exports in Optical, photo, & film equipment; medical... (€12.1k or 86.6k%), Iron/Steel Articles (€4.65k or 8.01k%), and Perfumery & cosmetics (€2.37k or 307%). In December 2024, the increase in Portugal's year-by-year imports  from Azerbaijan was explained primarily by an increase in product imports  in Mineral fuels, mineral oils and products... (€5.66M or 7.35%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)€1.78M(1.09k%)
IMPORT GROWTH (December 2023 - December 2024)€50.4M(2.13M%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Azerbaijan and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Azerbaijan and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $12.7M to Azerbaijan. The main products exported from Portugal to Azerbaijan were Integrated Circuits ($1.83M), Packaged Medicaments ($1.6M), and Knit T-shirts ($746k). During the last 5 years the exports of Portugal to Azerbaijan have decreased at an annualized rate of 1.84%, from $13.9M in 2018 to $12.7M in 2023.

In 2018, Azerbaijan exported $427M to Portugal. The main products exported from Azerbaijan to Portugal were Crude Petroleum ($427M), Tanned Equine and Bovine Hides ($415k), and Antiques ($51.7k). During the last 5 years the exports of Azerbaijan to Portugal have decreased at an annualized rate of 14.1%, from $912M in 2023 to $427M in 2018.

Exports from Portugal (Flag) to Azerbaijan (Flag) (2023)

Exports from Azerbaijan (Flag) to Portugal (Flag) (2023)

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Azerbaijan
Top DestinationItaly$11.4B

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

In 2023, countries that imported more from Portugal than Azerbaijan included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

In 2023, countries that imported more from Azerbaijan than Portugal included Italy ($11.4B), Turkey ($5.85B), and Russia ($1.2B).

Difference in imports from Azerbaijan (Flag) and Portugal (Flag) (2023)

Comparative Advantage Portugal - Azerbaijan

Flow
Scale

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

During 2023, Portugal had a large net trade with Azerbaijan in the exports of Machines ($3.06M), Textiles ($2.5M), and Chemical Products ($1.76M).

During 2018, Azerbaijan had a large net trade with Portugal in the exports of Mineral Products ($427M), Animal Hides ($416k), and Arts and Antiques ($51.7k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Azerbaijan+$2.07MPackaged Medicaments
Top Product Potential Azerbaijan Portugal+$882kRefined Petroleum

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

Product Space of Portugal (Flag) and Azerbaijan (Flag) (2023)

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