2023
Exports
$5.81MWorld Rnk 72 / 126
Flag Rnk 73 / 841
2023
PRODUCT COMPLEXITY IN Ferroalloys
-1.33Rnk 905 / 1025
2023
Imports
$13MWorld Rnk 74 / 171
Flag Rnk 251 / 1170
2023
ECONOMIC COMPLEXITY of Azerbaijan
-0.43Rnk 84 / 132

About

Exports In 2023, Azerbaijan exported $5.81M in Ferroalloys, making it the 72nd largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 73rd most exported product in Azerbaijan. The main destination of Ferroalloys exports from Azerbaijan are: Italy ($1.89M), Netherlands ($925k), Germany ($821k), United States ($442k), and Cyprus ($323k).

The fastest growing export markets for Ferroalloys of Azerbaijan between 2022 and 2023 were Cyprus ($110k), Ukraine ($101k), and United Kingdom ($19.9k).

Imports In 2023, Azerbaijan imported $13M in Ferroalloys, becoming the 74th largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 251st most imported product in Azerbaijan. Azerbaijan imports Ferroalloys primarily from: Georgia ($7.24M), United Arab Emirates ($2.24M), Iran ($1.8M), Turkey ($604k), and Russia ($395k).

The fastest growing import markets in Ferroalloys for Azerbaijan between 2022 and 2023 were United Arab Emirates ($1.66M), Russia ($345k), and India ($277k).

Latest Trends

Dec 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 Ferroalloys. 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 (2023)$5.81M
IMPORTS (2023)$13M
NET TRADE (2023)-$7.17M

In 2023, Azerbaijan exported $5.81M in Ferroalloys. The main destinations of Azerbaijan exports on Ferroalloys were Italy ($1.89M), Netherlands ($925k), Germany ($821k), United States ($442k), and Cyprus ($323k).

In 2023, Azerbaijan imported $13M in Ferroalloys, mainly from Georgia ($7.24M), United Arab Emirates ($2.24M), Iran ($1.8M), Turkey ($604k), and Russia ($395k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR Azerbaijan WERE (2022 - 2023):
Cyprus$110k (51.5%)
Ukraine$101k (80.3%)
United Kingdom$19.9k (85.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY Azerbaijan WERE (2022 - 2023):
Italy-$7.35M (-79.6%)
Netherlands-$3.84M (-80.6%)
Russia-$1.85M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Azerbaijan's main exporting competitors in Ferroalloys were:
In 2023, Azerbaijan's main importing competitors in Ferroalloys were:

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Trade Value of Ferroalloys by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $3.39M
TOP IMPORT POTENTIALTurkey+ $810k

Ferroalloys’s highest export potential is Italy. With an export gap of $3.39M.   Ferroalloys’s highest import potential is Turkey with an import gap of $810k.

See methodology.

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