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2022
Exports $208World Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2023
PRODUCT COMPLEXITY IN Iron Ore-1.87Rnk 987 / 1025
2022
Imports $118kWorld Rnk 79 / 125
Flag Rnk 937 / 1170
2023
ECONOMIC COMPLEXITY of Azerbaijan-0.43Rnk 84 / 132

About

Imports In 2023, Azerbaijan imported $118k in Iron Ore, becoming the 79th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 937th most imported product in Azerbaijan. Azerbaijan imports Iron Ore primarily from: India ($53.6k), Russia ($44.3k), Turkey ($18.5k), and Germany ($1.71k).

The fastest growing import markets in Iron Ore for Azerbaijan between 2022 and 2023 were India ($53.6k), Russia ($44.3k), and Turkey ($12.4k).

Latest Trends

Dec 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)$208
IMPORTS (2023)$118k
NET TRADE (2023)-$118k

In 2023, Azerbaijan imported $118k in Iron Ore, mainly from India ($53.6k), Russia ($44.3k), Turkey ($18.5k), and Germany ($1.71k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Azerbaijan WERE (N/A - 2022):China-$208 (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Azerbaijan's main exporting competitors in Iron Ore were:
Australia $85.4B
Brazil $34B
Canada $7.23B
In 2023, Azerbaijan's main importing competitors in Iron Ore were:
China $112B
Japan $9.3B
South Korea $7.07B

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
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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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