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2022
Exports $168World Rnk 119 / 128
Flag Rnk 787 / 848
2022
Destination $168 China
2021 - 2022
FASTEST GROWING MARKET $168China
2022
PRODUCT COMPLEXITY IN Iron Ore-1.79Rnk 980 / 1025
2022
Imports $6.13kWorld Rnk 112 / 130
Flag Rnk 1086 / 1162
2022
Origin $2.97k Turkey
2021 - 2022
FASTEST GROWING ORIGIN $2.97kTurkey
2022
ECONOMIC COMPLEXITY of Azerbaijan-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $168 in Iron Ore, making it the 119th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 787th most exported product in Azerbaijan. The main destination of Iron Ore exports from Azerbaijan are: China ($168).

The fastest growing export markets for Iron Ore of Azerbaijan between 2021 and 2022 were China ($168).

Imports In 2022, Azerbaijan imported $6.13k in Iron Ore, becoming the 112th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 1086th most imported product in Azerbaijan. Azerbaijan imports Iron Ore primarily from: Turkey ($6.13k).

The fastest growing import markets in Iron Ore for Azerbaijan between 2021 and 2022 were Turkey ($2.97k).

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 Ore. 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)$168
IMPORTS (2022)$6.13k
NET TRADE (2022)-$5.96k

In 2022, Azerbaijan exported $168 in Iron Ore. The main destinations of Azerbaijan exports on Iron Ore were China ($168).

In 2022, Azerbaijan imported $6.13k in Iron Ore, mainly from Turkey ($6.13k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):China$168 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Azerbaijan WERE (2021 - 2022):
Georgia-$53k (-100%)
Turkmenistan-$29.4k (-100%)
Ukraine-$908 (-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 Iron Ore were:
Australia $87.9B
Brazil $30.1B
Canada $6.81B
In 2022, Azerbaijan's main importing competitors in Iron Ore were:
China $103B
Japan $11.3B
South Korea $7.58B

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.62k
TOP IMPORT POTENTIALTurkey+ $7.8k

Iron Ore’s highest export potential is China. With an export gap of $2.62k.   Iron Ore’s highest import potential is Turkey with an import gap of $7.8k.

See methodology.

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