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Exports In 2022, Azerbaijan exported $19.9k in Hats, making it the 91st largest exporter of Hats in the world. At the same year, Hats was the 528th most exported product in Azerbaijan. The main destination of Hats exports from Azerbaijan are: Ukraine ($19.9k) and Lebanon ($5).

The fastest growing export markets for Hats of Azerbaijan between 2021 and 2022 were Ukraine ($19.9k) and Lebanon ($5).

Imports In 2022, Azerbaijan imported $336k in Hats, becoming the 84th largest importer of Hats in the world. At the same year, Hats was the 828th most imported product in Azerbaijan. Azerbaijan imports Hats primarily from: Turkey ($239k), China ($51.9k), Italy ($17.6k), Ukraine ($9.72k), and Germany ($6.6k).

The fastest growing import markets in Hats for Azerbaijan between 2021 and 2022 were Turkey ($219k), China ($35.9k), and Italy ($6.84k).

Latest Trends

Jul 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 Hats. 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)$19.9k
IMPORTS (2022)$336k
NET TRADE (2022)-$316k

In 2022, Azerbaijan exported $19.9k in Hats. The main destinations of Azerbaijan exports on Hats were Ukraine ($19.9k) and Lebanon ($5).

In 2022, Azerbaijan imported $336k in Hats, mainly from Turkey ($239k), China ($51.9k), Italy ($17.6k), Ukraine ($9.72k), and Germany ($6.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hats EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Ukraine$19.9k (1%)
Lebanon$5 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hats BY Azerbaijan WERE (2021 - 2022):
Jordan-$85 (-100%)
Turkey-$20 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Hats were:
China $298M
Italy $24.4M
In 2022, Azerbaijan's main importing competitors in Hats were:

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Trade Value of Hats by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $859
TOP IMPORT POTENTIALChina+ $53.3k

Hats’s highest export potential is United States. With an export gap of $859.   Hats’s highest import potential is China with an import gap of $53.3k.

See methodology.

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