2022
Exports
$1.41MWorld Rnk 124 / 217
Flag Rnk 144 / 848
2022
PRODUCT COMPLEXITY IN Packaged Medicaments
0.67Rnk 291 / 1025
2022
Imports
$368MWorld Rnk 83 / 224
Flag Rnk 5 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $1.41M in Packaged Medicaments, making it the 124th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 144th most exported product in Azerbaijan. The main destination of Packaged Medicaments exports from Azerbaijan are: Switzerland ($484k), Georgia ($347k), Latvia ($313k), Turkey ($72.9k), and Uzbekistan ($62.3k).

The fastest growing export markets for Packaged Medicaments of Azerbaijan between 2021 and 2022 were Latvia ($101k), Switzerland ($78.9k), and Turkey ($70.7k).

Imports In 2022, Azerbaijan imported $368M 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 ($55.4M), Switzerland ($35.4M), Germany ($34.3M), Russia ($29.7M), and Hungary ($23.1M).

The fastest growing import markets in Packaged Medicaments for Azerbaijan between 2021 and 2022 were Switzerland ($28.1M), India ($11.2M), and France ($7.34M).

Latest Trends

Sep 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 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 (2022)$1.41M
IMPORTS (2022)$368M
NET TRADE (2022)-$367M

In 2022, Azerbaijan exported $1.41M in Packaged Medicaments. The main destinations of Azerbaijan exports on Packaged Medicaments were Switzerland ($484k), Georgia ($347k), Latvia ($313k), Turkey ($72.9k), and Uzbekistan ($62.3k).

In 2022, Azerbaijan imported $368M in Packaged Medicaments, mainly from Turkey ($55.4M), Switzerland ($35.4M), Germany ($34.3M), Russia ($29.7M), and Hungary ($23.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Latvia$101k (47.6%)
Switzerland$78.9k (19.5%)
Turkey$70.7k (3.17k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Azerbaijan WERE (2021 - 2022):
Russia-$1.5M (-100%)
Tajikistan-$130k (-100%)
Belarus-$115k (-82.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Packaged Medicaments were:
In 2022, 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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