2022
Exports
$1.23MWorld Rnk 132 / 226
Flag Rnk 62 / 95
2022
PRODUCT COMPLEXITY IN Knitted clothing accesories
-0.71Rnk 761 / 1025
2022
Imports
$126MWorld Rnk 100 / 224
Flag Rnk 28 / 96
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $1.23M in Knitted clothing accesories, making it the 132nd largest exporter of Knitted clothing accesories in the world. At the same year, Knitted clothing accesories was the 62nd most exported product in Azerbaijan. The main destination of Knitted clothing accesories exports from Azerbaijan are: Georgia ($291k), Russia ($220k), Turkey ($206k), Ukraine ($120k), and Italy ($92.1k).

The fastest growing export markets for Knitted clothing accesories of Azerbaijan between 2021 and 2022 were Turkey ($178k), Russia ($174k), and Georgia ($160k).

Imports In 2022, Azerbaijan imported $126M in Knitted clothing accesories, becoming the 100th largest importer of Knitted clothing accesories in the world. At the same year, Knitted clothing accesories was the 28th most imported product in Azerbaijan. Azerbaijan imports Knitted clothing accesories primarily from: China ($37.8M), Turkey ($36M), Italy ($9.74M), Bangladesh ($9.33M), and Germany ($6.68M).

The fastest growing import markets in Knitted clothing accesories for Azerbaijan between 2021 and 2022 were China ($3.29M), Bangladesh ($3.24M), and Germany ($1.71M).

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 Knitted clothing accesories. 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)$1.23M
IMPORTS (2022)$126M
NET TRADE (2022)-$125M

In 2022, Azerbaijan exported $1.23M in Knitted clothing accesories. The main destinations of Azerbaijan exports on Knitted clothing accesories were Georgia ($291k), Russia ($220k), Turkey ($206k), Ukraine ($120k), and Italy ($92.1k).

In 2022, Azerbaijan imported $126M in Knitted clothing accesories, mainly from China ($37.8M), Turkey ($36M), Italy ($9.74M), Bangladesh ($9.33M), and Germany ($6.68M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitted clothing accesories EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Turkey$178k (628%)
Russia$174k (371%)
Georgia$160k (122%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted clothing accesories BY Azerbaijan WERE (2021 - 2022):
Jordan-$184k (-100%)
United Kingdom-$30.5k (-69.4%)
Spain-$16.6k (-43.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Knitted clothing accesories were:
In 2022, Azerbaijan's main importing competitors in Knitted clothing accesories were:

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Trade Value of Knitted clothing accesories by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALRussia+ $223k
TOP IMPORT POTENTIALChina+ $21.2M

Knitted clothing accesories’s highest export potential is Russia. With an export gap of $223k.   Knitted clothing accesories’s highest import potential is China with an import gap of $21.2M.

See methodology.

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