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2022
Exports $402kWorld Rnk 80 / 195
Flag Rnk 259 / 848
2022
Destination $213k Lebanon
2021 - 2022
FASTEST GROWING MARKET $213kLebanon
2022
PRODUCT COMPLEXITY IN Lubricating Products1.61Rnk 36 / 1025
2022
Imports $12.5MWorld Rnk 77 / 224
Flag Rnk 235 / 1162
2022
Origin $1.6M Turkey
2021 - 2022
FASTEST GROWING ORIGIN $1.6MTurkey
2022
ECONOMIC COMPLEXITY of Azerbaijan-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $402k in Lubricating Products, making it the 80th largest exporter of Lubricating Products in the world. At the same year, Lubricating Products was the 259th most exported product in Azerbaijan. The main destination of Lubricating Products exports from Azerbaijan are: Lebanon ($267k), Russia ($63.8k), Moldova ($25.1k), Angola ($24.4k), and Turkey ($16.9k).

The fastest growing export markets for Lubricating Products of Azerbaijan between 2021 and 2022 were Lebanon ($213k), Russia ($63.8k), and Angola ($24.4k).

Imports In 2022, Azerbaijan imported $12.5M in Lubricating Products, becoming the 77th largest importer of Lubricating Products in the world. At the same year, Lubricating Products was the 235th most imported product in Azerbaijan. Azerbaijan imports Lubricating Products primarily from: Turkey ($4.03M), Germany ($1.97M), Belgium ($1.58M), United Kingdom ($971k), and United Arab Emirates ($692k).

The fastest growing import markets in Lubricating Products for Azerbaijan between 2021 and 2022 were Turkey ($1.6M), Belgium ($897k), and Germany ($803k).

Latest Trends

Jul 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 Lubricating Products. 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)$402k
IMPORTS (2022)$12.5M
NET TRADE (2022)-$12.1M

In 2022, Azerbaijan exported $402k in Lubricating Products. The main destinations of Azerbaijan exports on Lubricating Products were Lebanon ($267k), Russia ($63.8k), Moldova ($25.1k), Angola ($24.4k), and Turkey ($16.9k).

In 2022, Azerbaijan imported $12.5M in Lubricating Products, mainly from Turkey ($4.03M), Germany ($1.97M), Belgium ($1.58M), United Kingdom ($971k), and United Arab Emirates ($692k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lubricating Products EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Lebanon$213k (394%)
Russia$63.8k (1%)
Angola$24.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lubricating Products BY Azerbaijan WERE (2021 - 2022):
Iran-$494k (-100%)
Georgia-$21.4k (-99.7%)
Moldova-$13.7k (-35.3%)
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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 Lubricating Products were:
Germany $2.32B
United States $1.94B
Japan $1.24B
In 2022, Azerbaijan's main importing competitors in Lubricating Products were:
China $1.71B
Germany $676M
Mexico $433M

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Trade Value of Lubricating Products by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALRussia+ $53k
TOP IMPORT POTENTIALGermany+ $814k

Lubricating Products’s highest export potential is Russia. With an export gap of $53k.   Lubricating Products’s highest import potential is Germany with an import gap of $814k.

See methodology.

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