2023
Flag  
GDP
$17.4BCURRENT US$
Rnk 128 / 195
2013-2023
Flag
GDP GROWTH
28.9%CURRENT US$
Rnk 117 / 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 
$3,372CURRENT US$
Rnk 140 / 195
2013-2023
Flag
GDP PC GROWTH
1.72%CURRENT US$
Rnk 151 / 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

Palestine-Azerbaijan Trade: In 2023, Palestine exported $442k to Azerbaijan. The main products that Palestine exported to Azerbaijan were Tropical Fruits ($300k), Packaged Medicaments ($142k), and Electrical Power Accessories ($47). Over the past 5 years the exports of Palestine to Azerbaijan have increased at an annualized rate of 16.6%, from $205k in 2018 to $442k in 2023.

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

Azerbaijan-Palestine Trade: In 2023, Azerbaijan exported $211k to Palestine. The main products that Azerbaijan exported to Palestine were Chocolate ($111k), Insulated Wire ($50.7k), and Baked Goods ($48.9k). Over the past 5 years the exports of Azerbaijan to Palestine have increased at an annualized rate of 51.2%,  from $26.7k in 2018 to $211k in 2023.

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

Comparison In 2023,  Palestine ranked 189 in total exports ($189M), 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
Value

In 2023, Palestine exported $442k to Azerbaijan. The main products exported from Palestine to Azerbaijan were Tropical Fruits ($300k), Packaged Medicaments ($142k), and Electrical Power Accessories ($47). During the last 5 years the exports of Palestine to Azerbaijan have increased at an annualized rate of 16.6%, from $205k in 2018 to $442k in 2023.

In 2018, Azerbaijan exported $211k to Palestine. The main products exported from Azerbaijan to Palestine were Chocolate ($111k), Insulated Wire ($50.7k), and Baked Goods ($48.9k). During the last 5 years the exports of Azerbaijan to Palestine have increased at an annualized rate of 51.2%, from $26.7k in 2023 to $211k in 2018.

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

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

Latest Data

Trade between Palestine (Flag) and Azerbaijan (Flag)

Palestine Exports

Date

Azerbaijan Exports

Market Competitiveness

Color
Palestine
Top Destination
Jordan$96.6M
Azerbaijan
Top Destination
Italy$11.4B

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

In 2023, countries that imported more from Palestine than Azerbaijan included Jordan ($96.6M), Saudi Arabia ($8.53M), and Kuwait ($3.53M).

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

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

Comparative Advantage Palestine - Azerbaijan

Flow
Scale

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

During 2023, Palestine had a large net trade with Azerbaijan in the exports of Vegetable Products ($300k), Chemical Products ($142k), and Machines ($116).

During 2018, Azerbaijan had a large net trade with Palestine in the exports of Foodstuffs ($160k) and Machines ($50.7k).

Economic Complexity

Competitive Landscape

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

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

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