2023
Exports
$3.64MWorld Rnk 115 / 214
Flag Rnk 98 / 841
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$430MWorld Rnk 83 / 226
Flag Rnk 5 / 1170
2023
ECONOMIC COMPLEXITY of Azerbaijan
-0.43Rnk 84 / 132

About

Exports In 2023, Azerbaijan exported $3.64M in Packaged Medicaments, making it the 115th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 98th most exported product in Azerbaijan. The main destination of Packaged Medicaments exports from Azerbaijan are: Georgia ($2.77M), Switzerland ($495k), Latvia ($171k), Russia ($101k), and Turkey ($53.8k).

The fastest growing export markets for Packaged Medicaments of Azerbaijan between 2022 and 2023 were Georgia ($2.39M), Russia ($101k), and Djibouti ($422).

Imports In 2023, Azerbaijan imported $430M in Packaged Medicaments, becoming the 83rd largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 5th most imported product in Azerbaijan. Azerbaijan imports Packaged Medicaments primarily from: Turkey ($68.2M), Germany ($42.5M), Russia ($30.9M), Georgia ($26M), and Switzerland ($23.9M).

The fastest growing import markets in Packaged Medicaments for Azerbaijan between 2022 and 2023 were Germany ($5.61M), Hungary ($5.58M), and Georgia ($4.08M).

Latest Trends

Jan 2025

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 Packaged Medicaments. 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 (2023)$3.64M
IMPORTS (2023)$430M
NET TRADE (2023)-$426M

In 2023, Azerbaijan exported $3.64M in Packaged Medicaments. The main destinations of Azerbaijan exports on Packaged Medicaments were Georgia ($2.77M), Switzerland ($495k), Latvia ($171k), Russia ($101k), and Turkey ($53.8k).

In 2023, Azerbaijan imported $430M in Packaged Medicaments, mainly from Turkey ($68.2M), Germany ($42.5M), Russia ($30.9M), Georgia ($26M), and Switzerland ($23.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Azerbaijan WERE (2022 - 2023):
Georgia$2.39M (632%)
Russia$101k (1%)
Djibouti$422 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Azerbaijan WERE (2022 - 2023):
Latvia-$142k (-45.3%)
Ukraine-$40.9k (-100%)
Cyprus-$34.1k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Azerbaijan's main exporting competitors in Packaged Medicaments were:
In 2023, Azerbaijan's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSwitzerland+ $581k
TOP IMPORT POTENTIALGermany+ $27.6M

Packaged Medicaments’s highest export potential is Switzerland. With an export gap of $581k.   Packaged Medicaments’s highest import potential is Germany with an import gap of $27.6M.

See methodology.

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