2022
Flag  
GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
Rnk 42 / 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 
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
Rnk 37 / 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

Singapore-Azerbaijan In 2022, Singapore exported $34.6M to Azerbaijan. The main products that Singapore exported to Azerbaijan are Machinery Having Individual Functions ($11.1M), Gas and Liquid Flow Measuring Instruments ($4.81M), and Calculators ($2.2M). During the last 26 years the exports of Singapore to Azerbaijan have increased at an annualized rate of 21.8%, from $206k in 1996 to $34.6M in 2022.

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

Azerbaijan-Singapore In 2022, Azerbaijan exported $1.57M to Singapore. The main products that Azerbaijan exported to Singapore were Gas Turbines ($1M), Broadcasting Equipment ($131k), and Refined Petroleum ($122k). During the last 26 years the exports of Azerbaijan to Singapore have increased at an annualized rate of 18%, from $21.4k in 1996 to $1.57M in 2022.

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

Comparison In 2022,  Singapore ranked 5 in the Economic Complexity Index (ECI 1.53), and 21 in total exports ($379B). That same year, Azerbaijan ranked 82 in the Economic Complexity Index (ECI -0.47), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $34.6M to Azerbaijan. The main products exported from Singapore to Azerbaijan were Machinery Having Individual Functions ($11.1M), Gas and Liquid Flow Measuring Instruments ($4.81M), and Calculators ($2.2M). During the last 26 years the exports of Singapore to Azerbaijan have increased at an annualized rate of 21.8%, from $206k in 1996 to $34.6M in 2022.

In 2022, Azerbaijan exported $1.57M to Singapore. The main products exported from Azerbaijan to Singapore were Gas Turbines ($1M), Broadcasting Equipment ($131k), and Refined Petroleum ($122k). During the last 26 years the exports of Azerbaijan to Singapore have increased at an annualized rate of 18%, from $21.4k in 1996 to $1.57M in 2022.

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

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

Latest Data

Trade between Singapore (Flag) and Azerbaijan (Flag)

Singapore Exports

Azerbaijan Exports

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$51.6B
Azerbaijan
Top Destination
Italy$18.3B

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

In 2021, countries that imported more from Singapore than Azerbaijan were Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

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

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

Comparative Advantage Singapore - Azerbaijan

Flow
Scale

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

During 2022, Singapore had a large net trade with Azerbaijan in the exports of Machines ($21M), Instruments ($7.02M), and Metals ($2.77M).

During 2022, Azerbaijan had a large net trade with Singapore in the exports of Machines ($1.34M), Mineral Products ($122k), and Foodstuffs ($50.2k).

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

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

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