2022
Flag  
GDP
$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH
37%CURRENT US$
Rnk 89 / 186
2022
Flag
 GDP
$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 140 / 186
2022
Flag
GDP PC 
$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH
33.4%CURRENT US$
Rnk 58 / 186
2022
Flag
GDP PC
$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH
3.21%CURRENT US$
Rnk 134 / 186

About

Hong Kong-Azerbaijan In 2022, Hong Kong exported $14.7M to Azerbaijan. The main products that Hong Kong exported to Azerbaijan are Base Metal Watches ($3.34M), Computers ($2.6M), and Medical Instruments ($1.17M). During the last 27 years the exports of Hong Kong to Azerbaijan have increased at an annualized rate of 15.5%, from $300k in 1995 to $14.7M in 2022.

In 2022, Hong Kong did not export any services to Azerbaijan.

Azerbaijan-Hong Kong In 2022, Azerbaijan exported $3.93M to Hong Kong. The main products that Azerbaijan exported to Hong Kong were Animal Organs ($991k), Cars ($744k), and Liquid Dispersing Machines ($491k). During the last 27 years the exports of Azerbaijan to Hong Kong have increased at an annualized rate of 6.55%, from $708k in 1995 to $3.93M in 2022.

In 2022, Azerbaijan did not export any services to Hong Kong.

Comparison In 2022,  Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hong Kong exported $14.7M to Azerbaijan. The main products exported from Hong Kong to Azerbaijan were Base Metal Watches ($3.34M), Computers ($2.6M), and Medical Instruments ($1.17M). During the last 27 years the exports of Hong Kong to Azerbaijan have increased at an annualized rate of 15.5%, from $300k in 1995 to $14.7M in 2022.

In 2022, Azerbaijan exported $3.93M to Hong Kong. The main products exported from Azerbaijan to Hong Kong were Animal Organs ($991k), Cars ($744k), and Liquid Dispersing Machines ($491k). During the last 27 years the exports of Azerbaijan to Hong Kong have increased at an annualized rate of 6.55%, from $708k in 1995 to $3.93M in 2022.

Exports from Hong Kong (Flag) to Azerbaijan (Flag) (2022)

Exports from Azerbaijan (Flag) to Hong Kong (Flag) (2022)

Latest Data

Trade between Hong Kong (Flag) and Azerbaijan (Flag)

Hong Kong Exports

Azerbaijan Exports

Market Competitiveness

Color
Hong Kong
Top Destination
China$23.4B
Azerbaijan
Top Destination
Italy$18.3B

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

In 2021, countries that imported more from Hong Kong than Azerbaijan were China ($23.4B), India ($14.3B), and Netherlands ($6.56B).

In 2021, countries that imported more from Azerbaijan than Hong Kong were Italy ($18.3B), Turkey ($3.57B), and Greece ($1.51B).

Difference in imports from Azerbaijan (Flag) and Hong Kong (Flag) (2022)

Comparative Advantage Hong Kong - Azerbaijan

Flow
Scale

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

During 2022, Hong Kong had a large net trade with Azerbaijan in the exports of Instruments ($6.01M), Machines ($5.9M), and Textiles ($635k).

During 2022, Azerbaijan had a large net trade with Hong Kong in the exports of Animal Products ($1.07M), Machines ($911k), and Transportation ($860k).

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 Hong Kong has comparative advantage over Azerbaijan. Similarly, the more yellow a dot/product is, the more Azerbaijan has comparative advantage over Hong Kong.

Product Space of Hong Kong (Flag) and Azerbaijan (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with