2023
Exports
$227kWorld Rnk 87 / 205
Flag Rnk 318 / 841
2023
PRODUCT COMPLEXITY IN Gaskets
1.46Rnk 51 / 1025
2023
Imports
$9.3MWorld Rnk 73 / 224
Flag Rnk 299 / 1170
2023
ECONOMIC COMPLEXITY of Azerbaijan
-0.43Rnk 84 / 132

About

Exports In 2023, Azerbaijan exported $227k in Gaskets, making it the 87th largest exporter of Gaskets in the world. At the same year, Gaskets was the 318th most exported product in Azerbaijan. The main destination of Gaskets exports from Azerbaijan are: Russia ($82.6k), Belgium ($77.1k), Georgia ($33.1k), Finland ($15.5k), and Germany ($8.01k).

The fastest growing export markets for Gaskets of Azerbaijan between 2022 and 2023 were Belgium ($73.5k), Russia ($60.3k), and Georgia ($20k).

Imports In 2023, Azerbaijan imported $9.3M in Gaskets, becoming the 73rd largest importer of Gaskets in the world. At the same year, Gaskets was the 299th most imported product in Azerbaijan. Azerbaijan imports Gaskets primarily from: United States ($2.04M), United Kingdom ($1.45M), Turkey ($1M), Germany ($1M), and Italy ($468k).

The fastest growing import markets in Gaskets for Azerbaijan between 2022 and 2023 were United States ($1.5M), United Kingdom ($503k), and Finland ($248k).

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 Gaskets. 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)$227k
IMPORTS (2023)$9.3M
NET TRADE (2023)-$9.07M

In 2023, Azerbaijan exported $227k in Gaskets. The main destinations of Azerbaijan exports on Gaskets were Russia ($82.6k), Belgium ($77.1k), Georgia ($33.1k), Finland ($15.5k), and Germany ($8.01k).

In 2023, Azerbaijan imported $9.3M in Gaskets, mainly from United States ($2.04M), United Kingdom ($1.45M), Turkey ($1M), Germany ($1M), and Italy ($468k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gaskets EXPORT MARKETS FOR Azerbaijan WERE (2022 - 2023):
Belgium$73.5k (2.06k%)
Russia$60.3k (271%)
Georgia$20k (153%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gaskets BY Azerbaijan WERE (2022 - 2023):
United Kingdom-$2.25k (-57.7%)
Turkmenistan-$1.14k (-100%)
Dominican Republic-$51 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Gaskets by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALRussia+ $20.4k
TOP IMPORT POTENTIALGermany+ $679k

Gaskets’s highest export potential is Russia. With an export gap of $20.4k.   Gaskets’s highest import potential is Germany with an import gap of $679k.

See methodology.

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