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2022
Exports $170kWorld Rnk 84 / 187
Flag Rnk 337 / 848
2022
Destination $70.8k Romania
2021 - 2022
FASTEST GROWING MARKET $70.8kRomania
2022
PRODUCT COMPLEXITY IN Opto-Electric Instrument Parts1.05Rnk 150 / 1025
2022
Imports $2.08MWorld Rnk 86 / 220
Flag Rnk 539 / 1162
2022
Origin $172k Turkey
2021 - 2022
FASTEST GROWING ORIGIN $172kChina
2022
ECONOMIC COMPLEXITY of Azerbaijan-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $170k in Opto-Electric Instrument Parts, making it the 84th largest exporter of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 337th most exported product in Azerbaijan. The main destination of Opto-Electric Instrument Parts exports from Azerbaijan are: Romania ($70.8k), Kazakhstan ($36.7k), Georgia ($19.6k), United Arab Emirates ($15.9k), and Germany ($10.4k).

The fastest growing export markets for Opto-Electric Instrument Parts of Azerbaijan between 2021 and 2022 were Romania ($70.8k), Kazakhstan ($36.7k), and Georgia ($19.6k).

Imports In 2018, Azerbaijan imported $2.08M in Opto-Electric Instrument Parts, becoming the 86th largest importer of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 539th most imported product in Azerbaijan. Azerbaijan imports Opto-Electric Instrument Parts primarily from: Turkey ($732k), China ($287k), Germany ($218k), United Kingdom ($170k), and Japan ($97.9k).

The fastest growing import markets in Opto-Electric Instrument Parts for Azerbaijan between 2021 and 2022 were China ($172k), United Kingdom ($133k), and Turkey ($111k).

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 Opto-Electric Instrument Parts. 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)$170k
IMPORTS (2022)$2.08M
NET TRADE (2022)-$1.91M

In 2022, Azerbaijan exported $170k in Opto-Electric Instrument Parts. The main destinations of Azerbaijan exports on Opto-Electric Instrument Parts were Romania ($70.8k), Kazakhstan ($36.7k), Georgia ($19.6k), United Arab Emirates ($15.9k), and Germany ($10.4k).

In 2022, Azerbaijan imported $2.08M in Opto-Electric Instrument Parts, mainly from Turkey ($732k), China ($287k), Germany ($218k), United Kingdom ($170k), and Japan ($97.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Opto-Electric Instrument Parts EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Romania$70.8k (1%)
Kazakhstan$36.7k (1%)
Georgia$19.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Opto-Electric Instrument Parts BY Azerbaijan WERE (2021 - 2022):
Singapore-$42.7k (-100%)
Germany-$9.34k (-47.3%)
Turkey-$3.96k (-80.5%)
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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 Opto-Electric Instrument Parts were:
United States $435M
Germany $420M
China $354M
In 2022, Azerbaijan's main importing competitors in Opto-Electric Instrument Parts were:
United States $380M
Germany $308M
Hong Kong $170M

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Trade Value of Opto-Electric Instrument Parts by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $18.9k
TOP IMPORT POTENTIALChina+ $150k

Opto-Electric Instrument Parts’s highest export potential is Germany. With an export gap of $18.9k.   Opto-Electric Instrument Parts’s highest import potential is China with an import gap of $150k.

See methodology.

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