2022
Flag  
GDP
$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
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GDP GROWTH
13%CURRENT US$
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2022
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 GDP
$1.4TCURRENT US$
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2012-2022
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GDP GROWTH
5.49%CURRENT US$
Rnk 154 / 186
2022
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GDP PC 
$7,737CURRENT US$
Rnk 87 / 186
2012-2022
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GDP PC GROWTH
3.21%CURRENT US$
Rnk 134 / 186
2022
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GDP PC
$29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH
3.63%CURRENT US$
Rnk 132 / 186

About

Azerbaijan-Spain In 2022, Azerbaijan exported $1.04B to Spain. The main products that Azerbaijan exported to Spain are Crude Petroleum ($1.03B), Acyclic Alcohols ($7.2M), and Hard Liquor ($1.16M). During the last 27 years the exports of Azerbaijan to Spain have increased at an annualized rate of 22.7%, from $4.12M in 1995 to $1.04B in 2022.

In 2022, Azerbaijan did not export any services to Spain.

Spain-Azerbaijan In 2022, Spain exported $88.7M to Azerbaijan. The main products that Spain exported to Azerbaijan were Navigation Equipment ($16.7M), Delivery Trucks ($7.94M), and Unglazed Ceramics ($4.04M). During the last 27 years the exports of Spain to Azerbaijan have increased at an annualized rate of 20.4%, from $586k in 1995 to $88.7M in 2022.

In 2022, Spain did not export any services to Azerbaijan.

Comparison In 2022,  Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Azerbaijan exported $1.04B to Spain. The main products exported from Azerbaijan to Spain were Crude Petroleum ($1.03B), Acyclic Alcohols ($7.2M), and Hard Liquor ($1.16M). During the last 27 years the exports of Azerbaijan to Spain have increased at an annualized rate of 22.7%, from $4.12M in 1995 to $1.04B in 2022.

In 2022, Spain exported $88.7M to Azerbaijan. The main products exported from Spain to Azerbaijan were Navigation Equipment ($16.7M), Delivery Trucks ($7.94M), and Unglazed Ceramics ($4.04M). During the last 27 years the exports of Spain to Azerbaijan have increased at an annualized rate of 20.4%, from $586k in 1995 to $88.7M in 2022.

Exports from Azerbaijan (Flag) to Spain (Flag) (2022)

Exports from Spain (Flag) to Azerbaijan (Flag) (2022)

Latest Data

Trade between Azerbaijan (Flag) and Spain (Flag)

Azerbaijan Exports

Spain Exports

Market Competitiveness

Color
Azerbaijan
Top Destination
Italy$18.3B
Spain
Top Destination
France$65.2B

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

In 2021, countries that imported more from Azerbaijan than Spain were Georgia ($645M), Croatia ($990M), and Indonesia ($612M).

In 2021, countries that imported more from Spain than Azerbaijan were France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

Difference in imports from Spain (Flag) and Azerbaijan (Flag) (2022)

Comparative Advantage Azerbaijan - Spain

Flow
Scale

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

During 2022, Azerbaijan had a large net trade with Spain in the exports of Mineral Products ($1.03B), Chemical Products ($7.62M), and Foodstuffs ($1.16M).

During 2022, Spain had a large net trade with Azerbaijan in the exports of Machines ($25.7M), Transportation ($11.4M), and Textiles ($11.1M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Azerbaijan has comparative advantage over Spain. Similarly, the more yellow a dot/product is, the more Spain has comparative advantage over Azerbaijan.

Product Space of Azerbaijan (Flag) and Spain (Flag) (2022)

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