2022
Exports
$28.7kWorld Rnk 124 / 156
Flag Rnk 487 / 848
2022
PRODUCT COMPLEXITY IN Iron Wire
-0.35Rnk 661 / 1025
2022
Imports
$18.3MWorld Rnk 87 / 216
Flag Rnk 175 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $28.7k in Iron Wire, making it the 124th largest exporter of Iron Wire in the world. At the same year, Iron Wire was the 487th most exported product in Azerbaijan. The main destination of Iron Wire exports from Azerbaijan are: Turkey ($24.9k), South Korea ($3.84k), and Russia ($4).

The fastest growing export markets for Iron Wire of Azerbaijan between 2021 and 2022 were Turkey ($24.8k), South Korea ($3.84k), and Russia ($4).

Imports In 2022, Azerbaijan imported $18.3M in Iron Wire, becoming the 87th largest importer of Iron Wire in the world. At the same year, Iron Wire was the 175th most imported product in Azerbaijan. Azerbaijan imports Iron Wire primarily from: Iran ($7.44M), Turkey ($6.22M), Russia ($3.88M), Czechia ($325k), and China ($251k).

The fastest growing import markets in Iron Wire for Azerbaijan between 2021 and 2022 were Iran ($3.68M), China ($142k), and Czechia ($97.4k).

Historical Data

Trade Balance

Color
EXPORTS (2022)$28.7k
IMPORTS (2022)$18.3M
NET TRADE (2022)-$18.2M

In 2022, Azerbaijan exported $28.7k in Iron Wire. The main destinations of Azerbaijan exports on Iron Wire were Turkey ($24.9k), South Korea ($3.84k), and Russia ($4).

In 2022, Azerbaijan imported $18.3M in Iron Wire, mainly from Iran ($7.44M), Turkey ($6.22M), Russia ($3.88M), Czechia ($325k), and China ($251k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Wire EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Turkey$24.8k (62.1k%)
South Korea$3.84k (1%)
Russia$4 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Wire BY Azerbaijan WERE (2021 - 2022):Georgia-$7.73k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Iron Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $23k
TOP IMPORT POTENTIALChina+ $868k

Iron Wire’s highest export potential is Turkey. With an export gap of $23k.   Iron Wire’s highest import potential is China with an import gap of $868k.

See methodology.

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