HS Icon Gas Turbines in  Flag Azerbaijan

2021
Exports | Imports
: $2.65M | $164M, World Rnk 95 / 193
Flag Rnk 85 / 822 | World Rnk 58 / 210
Flag Rnk 8 / 1158

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $513k | $15.7M, Slovakia |  Norway

2021
ECONOMIC COMPLEXITY of Azerbaijan
: -0.52, Rnk 85 / 131

2021
PRODUCT COMPLEXITY IN Gas Turbines
: 0.71, Rnk 271 / 1029

Exports In 2021, Azerbaijan exported $2.65M in Gas Turbines, making it the 95th largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 85th most exported product in Azerbaijan. The main destination of Gas Turbines exports from Azerbaijan are: Lithuania ($875k), Russia ($542k), Slovakia ($513k), United States ($478k), and Italy ($111k).

The fastest growing export markets for Gas Turbines of Azerbaijan between 2020 and 2021 were Slovakia ($513k), Russia ($398k), and Italy ($111k).

Imports In 2021, Azerbaijan imported $164M in Gas Turbines, becoming the 58th largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 8th most imported product in Azerbaijan. Azerbaijan imports Gas Turbines primarily from: United Kingdom ($95.1M), United States ($16.2M), Norway ($15.7M), Netherlands ($7.27M), and United Arab Emirates ($6.21M).

The fastest growing import markets in Gas Turbines for Azerbaijan between 2020 and 2021 were Norway ($15.7M), Netherlands ($6.94M), and Russia ($4.37M).

Tariffs In 2015, the average tariff for Azerbaijan in Gas Turbines was 0.48%. The countries with the highest import tariffs for Gas Turbines were Angola (Most Favoured Nation duty rate treatment, 0.5%), Burundi (Most Favoured Nation duty rate treatment, 0.5%), Benin (Most Favoured Nation duty rate treatment, 0.5%), Burkina Faso (Most Favoured Nation duty rate treatment, 0.5%), and Botswana (Most Favoured Nation duty rate treatment, 0.5%).

Mar 2023

Subnational Monthly Trade

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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

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EXPORTS (2021): $2.65M

IMPORTS (2021): $164M

NET TRADE (2021): -$161M

In 2021, Azerbaijan exported $2.65M in Gas Turbines. The main destinations of Azerbaijan exports on Gas Turbines were Lithuania ($875k), Russia ($542k), Slovakia ($513k), United States ($478k), and Italy ($111k).

In 2021, Azerbaijan imported $164M in Gas Turbines, mainly from United Kingdom ($95.1M), United States ($16.2M), Norway ($15.7M), Netherlands ($7.27M), and United Arab Emirates ($6.21M).

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THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR Azerbaijan WERE (2020 - 2021):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY Azerbaijan WERE (2020 - 2021):

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Market Concentration

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In 2021, Azerbaijan's main exporting competitors in Gas Turbines were:

In 2021, Azerbaijan's main importing competitors in Gas Turbines were:

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