2022
Exports
$16.5kWorld Rnk 106 / 182
Flag Rnk 548 / 848
2022
PRODUCT COMPLEXITY IN Electromagnets
1.02Rnk 163 / 1025
2022
Imports
$1.41MWorld Rnk 91 / 216
Flag Rnk 606 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $16.5k in Electromagnets, making it the 106th largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 548th most exported product in Azerbaijan. The main destination of Electromagnets exports from Azerbaijan are: United Kingdom ($10.7k), Russia ($3.75k), United Arab Emirates ($632), Finland ($571), and Georgia ($311).

The fastest growing export markets for Electromagnets of Azerbaijan between 2021 and 2022 were United Kingdom ($10.7k), United Arab Emirates ($632), and Finland ($571).

Imports In 2022, Azerbaijan imported $1.41M in Electromagnets, becoming the 91st largest importer of Electromagnets in the world. At the same year, Electromagnets was the 606th most imported product in Azerbaijan. Azerbaijan imports Electromagnets primarily from: Turkey ($681k), China ($186k), United Arab Emirates ($116k), Germany ($93.3k), and France ($66.4k).

The fastest growing import markets in Electromagnets for Azerbaijan between 2021 and 2022 were Turkey ($342k), China ($122k), and Egypt ($45.3k).

Latest Trends

Nov 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Electromagnets. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$16.5k
IMPORTS (2022)$1.41M
NET TRADE (2022)-$1.39M

In 2022, Azerbaijan exported $16.5k in Electromagnets. The main destinations of Azerbaijan exports on Electromagnets were United Kingdom ($10.7k), Russia ($3.75k), United Arab Emirates ($632), Finland ($571), and Georgia ($311).

In 2022, Azerbaijan imported $1.41M in Electromagnets, mainly from Turkey ($681k), China ($186k), United Arab Emirates ($116k), Germany ($93.3k), and France ($66.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electromagnets EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
United Kingdom$10.7k (1%)
Finland$571 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electromagnets BY Azerbaijan WERE (2021 - 2022):
Russia-$1.28k (-25.4%)
China-$329 (-100%)
Czechia-$62 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Electromagnets were:
China $6.28B
Germany $1.24B
Japan $1.18B
In 2022, Azerbaijan's main importing competitors in Electromagnets were:

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Trade Value of Electromagnets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $8.26k
TOP IMPORT POTENTIALChina+ $336k

Electromagnets’s highest export potential is United Kingdom. With an export gap of $8.26k.   Electromagnets’s highest import potential is China with an import gap of $336k.

See methodology.

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