2021
Exports
$86.6kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Iron Ingots
-1.39Rnk 930 / 1025
2021
Imports
$2.75kWorld Rnk 156 / 172
Flag Rnk 1104 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Imports In 2022, Azerbaijan imported $2.75k in Iron Ingots, becoming the 156th largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 1104th most imported product in Azerbaijan. Azerbaijan imports Iron Ingots primarily from: Turkey ($2.08k) and China ($672).

The fastest growing import markets in Iron Ingots for Azerbaijan between 2021 and 2022 were Turkey ($1.66k) and China ($273).

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 Iron Ingots. 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 (2021)$86.6k
IMPORTS (2022)$2.75k
NET TRADE (2022)-$2.75k

In 2022, Azerbaijan imported $2.75k in Iron Ingots, mainly from Turkey ($2.08k) and China ($672).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY Azerbaijan WERE (N/A - 2021):Turkey-$86.6k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Iron Ingots were:
India $189M
China $107M
Iran $76.9M
In 2022, Azerbaijan's main importing competitors in Iron Ingots were:

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Trade Value of Iron Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $359
TOP IMPORT POTENTIALChina+ $1.49k

Iron Ingots’s highest export potential is Italy. With an export gap of $359.   Iron Ingots’s highest import potential is China with an import gap of $1.49k.

See methodology.

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