2022
Flag  
GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 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 
$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH
14.5%CURRENT US$
Rnk 99 / 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

Denmark-Azerbaijan Trade: In 2022, Denmark exported $27.8M to Azerbaijan. The main products that Denmark exported to Azerbaijan were Packaged Medicaments ($6.52M), Malt Extract ($2.82M), and Enzymes ($1.46M). Over the past 5 years the exports of Denmark to Azerbaijan have increased at an annualized rate of 4.94%, from $21.8M in 2017 to $27.8M in 2022.

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

Azerbaijan-Denmark Trade: In 2022, Azerbaijan exported $533k to Denmark. The main products that Azerbaijan exported to Denmark were Machinery Having Individual Functions ($83.7k), Air Pumps ($58.4k), and Chemical Analysis Instruments ($55.6k). Over the past 5 years the exports of Azerbaijan to Denmark have decreased at an annualized rate of 14.5%,  from $1.17M in 2017 to $533k in 2022.

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

Comparison: In 2022,  Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B). 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, Denmark exported $27.8M to Azerbaijan. The main products exported from Denmark to Azerbaijan were Packaged Medicaments ($6.52M), Malt Extract ($2.82M), and Enzymes ($1.46M). During the last 5 years the exports of Denmark to Azerbaijan have increased at an annualized rate of 4.94%, from $21.8M in 2017 to $27.8M in 2022.

In 2017, Azerbaijan exported $533k to Denmark. The main products exported from Azerbaijan to Denmark were Machinery Having Individual Functions ($83.7k), Air Pumps ($58.4k), and Chemical Analysis Instruments ($55.6k). During the last 5 years the exports of Azerbaijan to Denmark have decreased at an annualized rate of 14.5%, from $1.17M in 2022 to $533k in 2017.

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

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

Latest Data

Trade between Denmark (Flag) and Azerbaijan (Flag)

Denmark Exports

Azerbaijan Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$18.9B
Azerbaijan
Top Destination
Italy$18.3B

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

In 2022, countries that imported more from Denmark than Azerbaijan included Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

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

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

Comparative Advantage Denmark - Azerbaijan

Flow
Scale

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

During 2022, Denmark had a large net trade with Azerbaijan in the exports of Chemical Products ($10.3M), Machines ($6.23M), and Foodstuffs ($4.14M).

During 2017, Azerbaijan had a large net trade with Denmark in the exports of Machines ($263k), Instruments ($126k), and Metals ($65.2k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Azerbaijan+$6.94MPackaged Medicaments
Top Product Potential Azerbaijan Denmark+$264kRefined Petroleum

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 Denmark and Azerbaijan. This means that a dot/product with the flag of Denmark indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Denmark.

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

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