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Pricing

2022
Flag → Flag
Exports $9.14MRnk 75 / 182
2022
Flag → Flag
Top Product $6.48MMachinery Having Individual Functions
2022
Flag → Flag
Exports $990MRnk 7 / 141
2022
Flag → Flag
Top Product $990MCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.8Rnk 34 / 133
2022
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Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag  
GDP$71BCURRENT US$
Rnk 80 / 186
2012-2022
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GDP GROWTH24%CURRENT US$
Rnk 113 / 186
2022
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 GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
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GDP PC $18,413CURRENT US$
Rnk 56 / 186
2012-2022
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GDP PC GROWTH37.3%CURRENT US$
Rnk 53 / 186
2022
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GDP PC$7,737CURRENT US$
Rnk 87 / 186
2012-2022
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GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186

About

Croatia-Azerbaijan Trade: In 2022, Croatia exported $9.14M to Azerbaijan. The main products that Croatia exported to Azerbaijan were Machinery Having Individual Functions ($6.48M), Shaving Products ($824k), and Nonaqueous Paints ($170k). Over the past 5 years the exports of Croatia to Azerbaijan have increased at an annualized rate of 44.9%, from $1.43M in 2017 to $9.14M in 2022.

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

Azerbaijan-Croatia Trade: In 2022, Azerbaijan exported $990M to Croatia. The main products that Azerbaijan exported to Croatia were Crude Petroleum ($990M), Other Women's Undergarments ($10.7k), and Perfume Plants ($9.95k). Over the past 5 years the exports of Azerbaijan to Croatia have increased at an annualized rate of 35.4%,  from $218M in 2017 to $990M in 2022.

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

Comparison: In 2022,  Croatia ranked 34 in the Economic Complexity Index (ECI 0.8), and 73 in total exports ($26B). 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, Croatia exported $9.14M to Azerbaijan. The main products exported from Croatia to Azerbaijan were Machinery Having Individual Functions ($6.48M), Shaving Products ($824k), and Nonaqueous Paints ($170k). During the last 5 years the exports of Croatia to Azerbaijan have increased at an annualized rate of 44.9%, from $1.43M in 2017 to $9.14M in 2022.

In 2017, Azerbaijan exported $990M to Croatia. The main products exported from Azerbaijan to Croatia were Crude Petroleum ($990M), Other Women's Undergarments ($10.7k), and Perfume Plants ($9.95k). During the last 5 years the exports of Azerbaijan to Croatia have increased at an annualized rate of 35.4%, from $218M in 2022 to $990M in 2017.

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

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

Latest Data

Trade between Croatia (Flag) and Azerbaijan (Flag)

Croatia Exports

Azerbaijan Exports

Market Competitiveness

Color
Croatia
Top DestinationItaly$3.44B
Azerbaijan
Top DestinationItaly$18.3B

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

In 2022, countries that imported more from Croatia than Azerbaijan included Slovenia ($2.87B), Hungary ($2.65B), and Bosnia and Herzegovina ($2.45B).

In 2022, countries that imported more from Azerbaijan than Croatia included Italy ($18.3B), Turkey ($3.57B), and India ($1.64B).

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

Comparative Advantage Croatia - Azerbaijan

Flow
Scale

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

During 2022, Croatia had a large net trade with Azerbaijan in the exports of Machines ($7.09M), Chemical Products ($1.15M), and Textiles ($228k).

During 2017, Azerbaijan had a large net trade with Croatia in the exports of Mineral Products ($990M), Textiles ($55.8k), and Vegetable Products ($9.96k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Croatia Azerbaijan+$679kPackaged Medicaments
Top Product Potential Azerbaijan Croatia+$16.1kPetroleum Gas

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

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

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