2022
Exports
$751kWorld Rnk 46 / 89
Flag Rnk 193 / 848
2022
PRODUCT COMPLEXITY IN Iron Reductions
-1.54Rnk 951 / 1025
2022
Imports
$1.89MWorld Rnk 49 / 144
Flag Rnk 552 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $751k in Iron Reductions, making it the 46th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 193rd most exported product in Azerbaijan. The main destination of Iron Reductions exports from Azerbaijan are: Turkey ($751k).

The fastest growing export markets for Iron Reductions of Azerbaijan between N/A and 2022 were Turkey ($751k).

Imports In 2022, Azerbaijan imported $1.89M in Iron Reductions, becoming the 49th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 552nd most imported product in Azerbaijan. Azerbaijan imports Iron Reductions primarily from: Russia ($1.85M) and United Kingdom ($43.8k).

The fastest growing import markets in Iron Reductions for Azerbaijan between 2021 and 2022 were Russia ($1.85M) and United Kingdom ($43.8k).

Latest Trends

Oct 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 Reductions. 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)$751k
IMPORTS (2022)$1.89M
NET TRADE (2022)-$1.14M

In 2022, Azerbaijan exported $751k in Iron Reductions. The main destinations of Azerbaijan exports on Iron Reductions were Turkey ($751k).

In 2022, Azerbaijan imported $1.89M in Iron Reductions, mainly from Russia ($1.85M) and United Kingdom ($43.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Azerbaijan WERE (N/A - 2022):Turkey$751k (1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Iron Reductions were:
In 2022, Azerbaijan's main importing competitors in Iron Reductions were:

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALTurkey+ $336k
TOP IMPORT POTENTIALRussia+ $340k

Iron Reductions’s highest export potential is Turkey. With an export gap of $336k.   Iron Reductions’s highest import potential is Russia with an import gap of $340k.

See methodology.

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