2022
Exports
$18.3MWorld Rnk 70 / 129
Flag Rnk 35 / 848
2022
PRODUCT COMPLEXITY IN Ferroalloys
-1.24Rnk 892 / 1025
2022
Imports
$16.6MWorld Rnk 76 / 172
Flag Rnk 189 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $18.3M in Ferroalloys, making it the 70th largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 35th most exported product in Azerbaijan. The main destination of Ferroalloys exports from Azerbaijan are: Italy ($5.9M), Netherlands ($4.77M), Russia ($1.85M), Romania ($1.07M), and Germany ($822k).

The fastest growing export markets for Ferroalloys of Azerbaijan between 2021 and 2022 were Italy ($4.36M), Russia ($1.44M), and Netherlands ($1.07M).

Imports In 2022, Azerbaijan imported $16.6M in Ferroalloys, becoming the 76th largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 189th most imported product in Azerbaijan. Azerbaijan imports Ferroalloys primarily from: Georgia ($12.6M), Iran ($1.55M), Turkey ($959k), United Arab Emirates ($584k), and China ($538k).

The fastest growing import markets in Ferroalloys for Azerbaijan between 2021 and 2022 were Georgia ($2.79M), Iran ($863k), and China ($472k).

Latest Trends

Oct 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 (2022)$18.3M
IMPORTS (2022)$16.6M
NET TRADE (2022)$1.68M

In 2022, Azerbaijan exported $18.3M in Ferroalloys. The main destinations of Azerbaijan exports on Ferroalloys were Italy ($5.9M), Netherlands ($4.77M), Russia ($1.85M), Romania ($1.07M), and Germany ($822k).

In 2022, Azerbaijan imported $16.6M in Ferroalloys, mainly from Georgia ($12.6M), Iran ($1.55M), Turkey ($959k), United Arab Emirates ($584k), and China ($538k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Italy$4.36M (283%)
Russia$1.44M (352%)
Netherlands$1.07M (28.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY Azerbaijan WERE (2021 - 2022):
Turkey-$3.74M (-96.7%)
Austria-$2.36M (-87.4%)
Georgia-$1.43M (-64.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Ferroalloys were:
In 2022, Azerbaijan's main importing competitors in Ferroalloys were:

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Trade Value of Ferroalloys by Exporters

Potential Exports

Potential Exports

Flow
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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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