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2022
Exports $188MWorld Rnk 82 / 176
Flag Rnk 5 / 848
2022
Destination $1.86M Switzerland
2021 - 2022
FASTEST GROWING MARKET $1.86MUnited Arab Emirates
2022
PRODUCT COMPLEXITY IN Gold-2.43Rnk 1016 / 1025
2022
Imports $15.1MWorld Rnk 92 / 178
Flag Rnk 205 / 1162
2022
Origin $9.8M Turkey
2021 - 2022
FASTEST GROWING ORIGIN $9.8MTurkey
2022
ECONOMIC COMPLEXITY of Azerbaijan-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $188M in Gold, making it the 82nd 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 ($186M), United Arab Emirates ($1.95M), and Turkey ($247k).

The fastest growing export markets for Gold of Azerbaijan between 2021 and 2022 were United Arab Emirates ($1.86M) and Turkey ($81.3k).

Imports In 2022, Azerbaijan imported $15.1M in Gold, becoming the 92nd largest importer of Gold in the world. At the same year, Gold was the 205th most imported product in Azerbaijan. Azerbaijan imports Gold primarily from: Turkey ($9.8M), United Arab Emirates ($4.92M), Switzerland ($349k), and United Kingdom ($43.8k).

The fastest growing import markets in Gold for Azerbaijan between 2021 and 2022 were Turkey ($9.8M) and United Arab Emirates ($3.61M).

Latest Trends

Sep 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 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

Trade Balance

Color
EXPORTS (2022)$188M
IMPORTS (2022)$15.1M
NET TRADE (2022)$173M

In 2022, Azerbaijan exported $188M in Gold. The main destinations of Azerbaijan exports on Gold were Switzerland ($186M), United Arab Emirates ($1.95M), and Turkey ($247k).

In 2022, Azerbaijan imported $15.1M in Gold, mainly from Turkey ($9.8M), United Arab Emirates ($4.92M), Switzerland ($349k), and United Kingdom ($43.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
United Arab Emirates$1.86M (1.98k%)
Turkey$81.3k (48.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Azerbaijan WERE (2021 - 2022):
Switzerland-$15.8M (-7.85%)
Senegal-$1.05k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Gold were:
Switzerland $101B
United States $37.5B
United Arab Emirates $32.8B
In 2022, Azerbaijan's main importing competitors in Gold were:
Switzerland $94.9B
China $67.6B
United Arab Emirates $57.1B

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Trade Value of Gold by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSwitzerland+ $26.9M
TOP IMPORT POTENTIALUnited Arab Emirates+ $2.42M

Gold’s highest export potential is Switzerland. With an export gap of $26.9M.   Gold’s highest import potential is United Arab Emirates with an import gap of $2.42M.

See methodology.

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