British Virgin Islands (VGB) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

About

British Virgin Islands-Azerbaijan Trade: In 2023, British Virgin Islands exported $793 to Azerbaijan. The main products that British Virgin Islands exported to Azerbaijan were Electrical Transformers ($793). Over the past 8 years the exports of British Virgin Islands to Azerbaijan have decreased at an annualized rate of 55.9%, from $550k in 2015 to $793 in 2023.

In 2023, British Virgin Islands did not export any services to Azerbaijan.

Azerbaijan-British Virgin Islands In N/A, Azerbaijan did not export any products to British Virgin Islands.

In 2023, Azerbaijan did not export any services to British Virgin Islands.

Comparison In 2023, British Virgin Islands ranked 178 in total exports ($281M), 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, British Virgin Islands exported $793 to Azerbaijan. The main products exported from British Virgin Islands to Azerbaijan were Electrical Transformers ($793). During the last 8 years the exports of British Virgin Islands to Azerbaijan have decreased at an annualized rate of 55.9%, from $550k in 2015 to $793 in 2023.

Azerbaijan does not register exports to British Virgin Islands.

Exports from British Virgin Islands () to Azerbaijan () (2023)

Exports from Azerbaijan () to British Virgin Islands () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

British Virgin Islands
Top DestinationMalta$93.7M

Azerbaijan
Top DestinationItaly$11.4B

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

In 2023, countries that imported more from British Virgin Islands than Azerbaijan included Malta ($93.7M), Guyana ($61.6M), and Barbados ($4.1M).

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

Difference in imports from Azerbaijan () and British Virgin Islands () (2023)

Comparative Advantage British Virgin Islands - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between British Virgin Islands and Azerbaijan by product, considering products traded by both, British Virgin Islands and Azerbaijan.

During 2023, British Virgin Islands had a large net trade with Azerbaijan in the exports of Machines ($793).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from British Virgin Islands () to Azerbaijan () (2023)

Exports from Azerbaijan () to British Virgin Islands () (2023)

Market Competitiveness

Difference in imports from Azerbaijan () and British Virgin Islands () (2023)

Comparative Advantage British Virgin Islands - Azerbaijan

Economic Complexity

Competitive Landscape

Product Space of British Virgin Islands () and Azerbaijan () (2023)

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