Azerbaijan (AZE) and Peru (PER) Trade | The Observatory of Economic Complexity

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Azerbaijan-Peru Trade: In 2022, Azerbaijan exported $710k to Peru. The main products that Azerbaijan exported to Peru were Ethylene Polymers ($656k), Ferroalloys ($37k), and Other Heating Machinery ($16.2k). Over the past 5 years the exports of Azerbaijan to Peru have increased at an annualized rate of 129%, from $11.2k in 2017 to $710k in 2022.

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

Peru-Azerbaijan Trade: In 2022, Peru exported $1.77M to Azerbaijan. The main products that Peru exported to Azerbaijan were Sowing Seeds ($1.3M), Other Fruits ($165k), and Tropical Fruits ($143k). Over the past 5 years the exports of Peru to Azerbaijan have increased at an annualized rate of 27.3%, from $529k in 2017 to $1.77M in 2022.

In 2022, Peru 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, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Azerbaijan exported $710k to Peru. The main products exported from Azerbaijan to Peru were Ethylene Polymers ($656k), Ferroalloys ($37k), and Other Heating Machinery ($16.2k). During the last 5 years the exports of Azerbaijan to Peru have increased at an annualized rate of 129%, from $11.2k in 2017 to $710k in 2022.

In 2017, Peru exported $1.77M to Azerbaijan. The main products exported from Peru to Azerbaijan were Sowing Seeds ($1.3M), Other Fruits ($165k), and Tropical Fruits ($143k). During the last 5 years the exports of Peru to Azerbaijan have increased at an annualized rate of 27.3%, from $529k in 2022 to $1.77M in 2017.

Exports from Azerbaijan () to Peru () (2022)

Exports from Peru () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Peru ()

Azerbaijan Exports

Date

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$18.3B

Peru
Top DestinationChina$17.6B

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

In 2022, countries that imported more from Azerbaijan than Peru included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

In 2022, countries that imported more from Peru than Azerbaijan included China ($17.6B), United States ($8.69B), and Japan ($2.83B).

Difference in imports from Peru () and Azerbaijan () (2022)

Comparative Advantage Azerbaijan - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Azerbaijan had a large net trade with Peru in the exports of Plastics and Rubbers ($656k), Metals ($37k), and Machines ($16.5k).

During 2017, Peru had a large net trade with Azerbaijan in the exports of Vegetable Products ($1.69M), Textiles ($56k), and Miscellaneous ($18.2k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Azerbaijan Peru+$718kEthylene Polymers

Top Product Potential Peru Azerbaijan+$262kTropical Fruits

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Peru () (2022)

Exports from Peru () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Peru ()

Azerbaijan Exports

Peru Exports

Market Competitiveness

Difference in imports from Peru () and Azerbaijan () (2022)

Comparative Advantage Azerbaijan - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Azerbaijan () and Peru () (2022)

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