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Pricing

2022
Flag → Flag
Exports $34.6MRnk 111 / 215
2022
Flag → Flag
Top Product $11.1MMachinery Having Individual Functions
2022
Flag → Flag
Exports $1.57MRnk 73 / 141
2022
Flag → Flag
Top Product $1MGas Turbines
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag  
GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
 GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
Flag
GDP PC $82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186

About

Singapore-Azerbaijan Trade: In 2022, Singapore exported $34.6M to Azerbaijan. The main products that Singapore exported to Azerbaijan were Machinery Having Individual Functions ($11.1M), Gas and Liquid Flow Measuring Instruments ($4.81M), and Calculators ($2.2M). Over the past 5 years the exports of Singapore to Azerbaijan have increased at an annualized rate of 2.19%, from $31.1M in 2017 to $34.6M in 2022.

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

Azerbaijan-Singapore Trade: 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). Over the past 5 years the exports of Azerbaijan to Singapore have increased at an annualized rate of 7.91%,  from $1.07M in 2017 to $1.57M in 2022.

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

Comparison: In 2022,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). 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, 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 5 years the exports of Singapore to Azerbaijan have increased at an annualized rate of 2.19%, from $31.1M in 2017 to $34.6M in 2022.

In 2017, 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 5 years the exports of Azerbaijan to Singapore have increased at an annualized rate of 7.91%, from $1.07M in 2022 to $1.57M in 2017.

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 DestinationHong Kong$51.6B
Azerbaijan
Top DestinationItaly$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 2022, countries that imported more from Singapore than Azerbaijan included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

In 2022, countries that imported more from Azerbaijan than Singapore included 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 2017, Azerbaijan had a large net trade with Singapore in the exports of Machines ($1.34M), Mineral Products ($122k), and Foodstuffs ($50.2k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Azerbaijan+$2.81MRefined Petroleum
Top Product Potential Azerbaijan Singapore+$1.16MGas Turbines

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

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

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

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