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2022
Exports $1.04MWorld Rnk 95 / 196
Flag Rnk 168 / 848
2022
Destination $430k Poland
2021 - 2022
FASTEST GROWING MARKET $430kPoland
2022
PRODUCT COMPLEXITY IN Essential Oils-1.09Rnk 855 / 1025
2022
Imports $914kWorld Rnk 108 / 214
Flag Rnk 694 / 1162
2022
Origin $253k Russia
2021 - 2022
FASTEST GROWING ORIGIN $253kRussia
2022
ECONOMIC COMPLEXITY of Azerbaijan-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $1.04M in Essential Oils, making it the 95th largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 168th most exported product in Azerbaijan. The main destination of Essential Oils exports from Azerbaijan are: Poland ($430k), Bulgaria ($218k), Turkey ($187k), France ($163k), and Iran ($19.8k).

The fastest growing export markets for Essential Oils of Azerbaijan between 2021 and 2022 were Poland ($430k), Bulgaria ($218k), and France ($162k).

Imports In 2022, Azerbaijan imported $914k in Essential Oils, becoming the 108th largest importer of Essential Oils in the world. At the same year, Essential Oils was the 694th most imported product in Azerbaijan. Azerbaijan imports Essential Oils primarily from: Russia ($466k), Switzerland ($96.1k), Lithuania ($90.5k), Italy ($64.7k), and Turkey ($45.5k).

The fastest growing import markets in Essential Oils for Azerbaijan between 2021 and 2022 were Russia ($253k), Lithuania ($90.5k), and Italy ($51.6k).

Latest Trends

Jul 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 Essential Oils. 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)$1.04M
IMPORTS (2022)$914k
NET TRADE (2022)$129k

In 2022, Azerbaijan exported $1.04M in Essential Oils. The main destinations of Azerbaijan exports on Essential Oils were Poland ($430k), Bulgaria ($218k), Turkey ($187k), France ($163k), and Iran ($19.8k).

In 2022, Azerbaijan imported $914k in Essential Oils, mainly from Russia ($466k), Switzerland ($96.1k), Lithuania ($90.5k), Italy ($64.7k), and Turkey ($45.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Poland$430k (1%)
Bulgaria$218k (1%)
France$162k (75.5k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY Azerbaijan WERE (2021 - 2022):
United States-$127k (-88.4%)
Russia-$4.19k (-89.4%)
Japan-$3.98k (-61.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Essential Oils were:
India $879M
United States $693M
Brazil $425M
In 2022, Azerbaijan's main importing competitors in Essential Oils were:
United States $1.25B
France $440M
Germany $357M

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Trade Value of Essential Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $144k
TOP IMPORT POTENTIALIndia+ $98.4k

Essential Oils’s highest export potential is France. With an export gap of $144k.   Essential Oils’s highest import potential is India with an import gap of $98.4k.

See methodology.

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