2023
Exports
$165World Rnk 100 / 107
Flag Rnk 780 / 841
2023
PRODUCT COMPLEXITY IN Iron Ingots
-1.38Rnk 922 / 1025
2023
Imports
$28.1kWorld Rnk 114 / 175
Flag Rnk 1026 / 1170
2023
ECONOMIC COMPLEXITY of Azerbaijan
-0.43Rnk 84 / 132

About

Exports In 2023, Azerbaijan exported $165 in Iron Ingots, making it the 100th largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 780th most exported product in Azerbaijan. The main destination of Iron Ingots exports from Azerbaijan are: Portugal ($165).

The fastest growing export markets for Iron Ingots of Azerbaijan between N/A and 2023 were Portugal ($165).

Imports In 2023, Azerbaijan imported $28.1k in Iron Ingots, becoming the 114th largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 1026th most imported product in Azerbaijan. Azerbaijan imports Iron Ingots primarily from: United States ($13.2k), Spain ($7.45k), Turkey ($7.34k), and Finland ($58).

The fastest growing import markets in Iron Ingots for Azerbaijan between 2022 and 2023 were United States ($13.2k), Spain ($7.45k), and Turkey ($5.26k).

Latest Trends

Jan 2025

Subnational Monthly Trade

View
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.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$165
IMPORTS (2023)$28.1k
NET TRADE (2023)-$27.9k

In 2023, Azerbaijan exported $165 in Iron Ingots. The main destinations of Azerbaijan exports on Iron Ingots were Portugal ($165).

In 2023, Azerbaijan imported $28.1k in Iron Ingots, mainly from United States ($13.2k), Spain ($7.45k), Turkey ($7.34k), and Finland ($58).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR Azerbaijan WERE (N/A - 2023):Portugal$165 (1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Azerbaijan's main exporting competitors in Iron Ingots were:
India $254M
China $65.3M
Italy $48.7M
In 2023, Azerbaijan's main importing competitors in Iron Ingots were:
Italy $238M
Jordan $67.8M
Spain $41.3M

Explore Visualizations

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with