2022
Exports | Imports
$12M | $137MWorld Rnk 76 / 192
Flag Rnk 47 / 848
World Rnk 66 / 207
Flag Rnk 11 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.47Rnk 82 / 124
2022
PRODUCT COMPLEXITY IN Gas Turbines
0.76Rnk 261 / 1025

About

Exports In 2022, Azerbaijan exported $12M in Gas Turbines, making it the 76th largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 47th most exported product in Azerbaijan. The main destination of Gas Turbines exports from Azerbaijan are: Malaysia ($5M), Russia ($3.13M), United States ($2.44M), Singapore ($1M), and Netherlands ($147k).

The fastest growing export markets for Gas Turbines of Azerbaijan between 2021 and 2022 were Malaysia ($5M), Russia ($2.58M), and United States ($1.96M).

Imports In 2022, Azerbaijan imported $137M in Gas Turbines, becoming the 66th largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 11th most imported product in Azerbaijan. Azerbaijan imports Gas Turbines primarily from: United Kingdom ($79.6M), United States ($21.8M), South Korea ($18M), United Arab Emirates ($7.78M), and Russia ($6.97M).

The fastest growing import markets in Gas Turbines for Azerbaijan between 2021 and 2022 were South Korea ($18M), United States ($5.53M), and Russia ($2.39M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Gas Turbines from Azerbaijan to the United States.

Latest Trends

Feb 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 Gas Turbines. 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)$12M
IMPORTS (2022)$137M
NET TRADE (2022)-$125M

In 2022, Azerbaijan exported $12M in Gas Turbines. The main destinations of Azerbaijan exports on Gas Turbines were Malaysia ($5M), Russia ($3.13M), United States ($2.44M), Singapore ($1M), and Netherlands ($147k).

In 2022, Azerbaijan imported $137M in Gas Turbines, mainly from United Kingdom ($79.6M), United States ($21.8M), South Korea ($18M), United Arab Emirates ($7.78M), and Russia ($6.97M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Malaysia$5M (1%)
Russia$2.58M (477%)
United States$1.96M (411%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY Azerbaijan WERE (2021 - 2022):
Lithuania-$855k (-97.8%)
Slovakia-$513k (-100%)
Italy-$111k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Gas Turbines by Exporters

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