2022
Exports
$62.6kWorld Rnk 82 / 160
Flag Rnk 421 / 848
2022
PRODUCT COMPLEXITY IN Metalworking Machines
1.92Rnk 9 / 1025
2022
Imports
$1.28MWorld Rnk 89 / 212
Flag Rnk 627 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $62.6k in Metalworking Machines, making it the 82nd largest exporter of Metalworking Machines in the world. At the same year, Metalworking Machines was the 421st most exported product in Azerbaijan. The main destination of Metalworking Machines exports from Azerbaijan are: United Arab Emirates ($43.1k), Iraq ($9.16k), Iran ($5.6k), Singapore ($2.87k), and Italy ($1.33k).

The fastest growing export markets for Metalworking Machines of Azerbaijan between 2021 and 2022 were United Arab Emirates ($43.1k), Iraq ($9.16k), and Singapore ($2.87k).

Imports In 2022, Azerbaijan imported $1.28M in Metalworking Machines, becoming the 89th largest importer of Metalworking Machines in the world. At the same year, Metalworking Machines was the 627th most imported product in Azerbaijan. Azerbaijan imports Metalworking Machines primarily from: China ($681k), Turkey ($264k), Australia ($113k), United States ($42.7k), and Chinese Taipei ($36.9k).

The fastest growing import markets in Metalworking Machines for Azerbaijan between 2021 and 2022 were China ($334k), Australia ($113k), and Chinese Taipei ($36.9k).

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 Metalworking Machines. 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)$62.6k
IMPORTS (2022)$1.28M
NET TRADE (2022)-$1.22M

In 2022, Azerbaijan exported $62.6k in Metalworking Machines. The main destinations of Azerbaijan exports on Metalworking Machines were United Arab Emirates ($43.1k), Iraq ($9.16k), Iran ($5.6k), Singapore ($2.87k), and Italy ($1.33k).

In 2022, Azerbaijan imported $1.28M in Metalworking Machines, mainly from China ($681k), Turkey ($264k), Australia ($113k), United States ($42.7k), and Chinese Taipei ($36.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machines EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Iraq$9.16k (1%)
Singapore$2.87k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machines BY Azerbaijan WERE (2021 - 2022):
Iran-$1.1M (-99.5%)
Russia-$44k (-100%)
United States-$16.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Metalworking Machines were:
In 2022, Azerbaijan's main importing competitors in Metalworking Machines were:

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Trade Value of Metalworking Machines by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIran+ $7.19k
TOP IMPORT POTENTIALChina+ $137k

Metalworking Machines’s highest export potential is Iran. With an export gap of $7.19k.   Metalworking Machines’s highest import potential is China with an import gap of $137k.

See methodology.

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