2022
Exports
$3.48kWorld Rnk 122 / 158
Flag Rnk 662 / 848
2022
PRODUCT COMPLEXITY IN Industrial Furnaces
0.84Rnk 229 / 1025
2022
Imports
$10.1MWorld Rnk 70 / 213
Flag Rnk 266 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $3.48k in Industrial Furnaces, making it the 122nd largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 662nd most exported product in Azerbaijan. The main destination of Industrial Furnaces exports from Azerbaijan are: United Kingdom ($3.05k) and Romania ($432).

The fastest growing export markets for Industrial Furnaces of Azerbaijan between 2021 and 2022 were United Kingdom ($3.05k) and Romania ($432).

Imports In 2022, Azerbaijan imported $10.1M in Industrial Furnaces, becoming the 70th largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 266th most imported product in Azerbaijan. Azerbaijan imports Industrial Furnaces primarily from: China ($5.05M), Germany ($2.2M), Italy ($1.03M), France ($570k), and Turkey ($472k).

The fastest growing import markets in Industrial Furnaces for Azerbaijan between 2021 and 2022 were China ($4.17M), France ($548k), and Romania ($266k).

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 Industrial Furnaces. 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)$3.48k
IMPORTS (2022)$10.1M
NET TRADE (2022)-$10.1M

In 2022, Azerbaijan exported $3.48k in Industrial Furnaces. The main destinations of Azerbaijan exports on Industrial Furnaces were United Kingdom ($3.05k) and Romania ($432).

In 2022, Azerbaijan imported $10.1M in Industrial Furnaces, mainly from China ($5.05M), Germany ($2.2M), Italy ($1.03M), France ($570k), and Turkey ($472k).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
United Kingdom$3.05k (1%)
Romania$432 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Azerbaijan WERE (2021 - 2022):
Germany-$107k (-100%)
Georgia-$60 (-100%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Industrial Furnaces were:
China $1.77B
Italy $645M
In 2022, Azerbaijan's main importing competitors in Industrial Furnaces were:

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Trade Value of Industrial Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $2.5k
TOP IMPORT POTENTIALChina+ $840k

Industrial Furnaces’s highest export potential is United Kingdom. With an export gap of $2.5k.   Industrial Furnaces’s highest import potential is China with an import gap of $840k.

See methodology.

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