HS Icon Gold in  Flag Azerbaijan

2021
Exports | Imports
: $202M | $99.8M, World Rnk 81 / 172
Flag Rnk 5 / 822 | World Rnk 56 / 176
Flag Rnk 19 / 1158

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $3.72M | $87.4M, Switzerland |  United Kingdom

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

2021
PRODUCT COMPLEXITY IN Gold
: -2.3, Rnk 1021 / 1029

Exports In 2021, Azerbaijan exported $202M in Gold, making it the 81st largest exporter of Gold in the world. At the same year, Gold was the 5th most exported product in Azerbaijan. The main destination of Gold exports from Azerbaijan are: Switzerland ($202M), Turkey ($166k), United Arab Emirates ($94k), and Senegal ($1.05k).

The fastest growing export markets for Gold of Azerbaijan between 2020 and 2021 were Switzerland ($3.72M), United Arab Emirates ($94k), and Senegal ($1.05k).

Imports In 2021, Azerbaijan imported $99.8M in Gold, becoming the 56th largest importer of Gold in the world. At the same year, Gold was the 19th most imported product in Azerbaijan. Azerbaijan imports Gold primarily from: United Kingdom ($87.4M), Switzerland ($11.2M), United Arab Emirates ($1.31M), Turkey ($434), and Italy ($380).

The fastest growing import markets in Gold for Azerbaijan between 2020 and 2021 were United Kingdom ($87.4M), Switzerland ($10.7M), and Italy ($380).

Tariffs In 2015, the average tariff for Azerbaijan in Gold was 14.4%. The countries with the highest import tariffs for Gold were Angola (Most Favoured Nation duty rate treatment, 15%), Burundi (Most Favoured Nation duty rate treatment, 15%), Benin (Most Favoured Nation duty rate treatment, 15%), Burkina Faso (Most Favoured Nation duty rate treatment, 15%), and Botswana (Most Favoured Nation duty rate treatment, 15%).

Mar 2023

Subnational Monthly Trade

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Y-AXIS SCALE

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The following visualization shows the latest trends on Gold. 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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Color

EXPORTS (2021): $202M

IMPORTS (2021): $99.8M

NET TRADE (2021): $102M

In 2021, Azerbaijan exported $202M in Gold. The main destinations of Azerbaijan exports on Gold were Switzerland ($202M), Turkey ($166k), United Arab Emirates ($94k), and Senegal ($1.05k).

In 2021, Azerbaijan imported $99.8M in Gold, mainly from United Kingdom ($87.4M), Switzerland ($11.2M), United Arab Emirates ($1.31M), Turkey ($434), and Italy ($380).

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

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Azerbaijan WERE (2020 - 2021):: Turkey, -$4.95M (-96.8%)

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Market Concentration

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

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

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