2023
Exports
$11.4MWorld Rnk 89 / 218
Flag Rnk 36 / 96
2023
PRODUCT COMPLEXITY IN Paints, dyes, & varnishes
1.13Rnk 132 / 1025
2023
Imports
$100MWorld Rnk 89 / 226
Flag Rnk 39 / 96
2023
ECONOMIC COMPLEXITY of Azerbaijan
-0.43Rnk 84 / 132

About

Exports In 2023, Azerbaijan exported $11.4M in Paints, dyes, & varnishes, making it the 89th largest exporter of Paints, dyes, & varnishes in the world. At the same year, Paints, dyes, & varnishes was the 36th most exported product in Azerbaijan. The main destination of Paints, dyes, & varnishes exports from Azerbaijan are: Georgia ($6.23M), Russia ($2.63M), Uzbekistan ($1.27M), Kyrgyzstan ($636k), and Iraq ($338k).

The fastest growing export markets for Paints, dyes, & varnishes of Azerbaijan between 2022 and 2023 were Georgia ($1.91M), Russia ($1.54M), and Uzbekistan ($276k).

Imports In 2023, Azerbaijan imported $100M in Paints, dyes, & varnishes, becoming the 89th largest importer of Paints, dyes, & varnishes in the world. At the same year, Paints, dyes, & varnishes was the 39th most imported product in Azerbaijan. Azerbaijan imports Paints, dyes, & varnishes primarily from: Turkey ($50.2M), United Arab Emirates ($11.3M), China ($8.59M), Russia ($5.81M), and Germany ($3.55M).

The fastest growing import markets in Paints, dyes, & varnishes for Azerbaijan between 2022 and 2023 were Turkey ($6.77M), Russia ($1.59M), and China ($1.59M).

Latest Trends

Dec 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 Paints, dyes, & varnishes. 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)$11.4M
IMPORTS (2023)$100M
NET TRADE (2023)-$88.7M

In 2023, Azerbaijan exported $11.4M in Paints, dyes, & varnishes. The main destinations of Azerbaijan exports on Paints, dyes, & varnishes were Georgia ($6.23M), Russia ($2.63M), Uzbekistan ($1.27M), Kyrgyzstan ($636k), and Iraq ($338k).

In 2023, Azerbaijan imported $100M in Paints, dyes, & varnishes, mainly from Turkey ($50.2M), United Arab Emirates ($11.3M), China ($8.59M), Russia ($5.81M), and Germany ($3.55M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Paints, dyes, & varnishes EXPORT MARKETS FOR Azerbaijan WERE (2022 - 2023):
Georgia$1.91M (44.1%)
Russia$1.54M (141%)
Uzbekistan$276k (27.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Paints, dyes, & varnishes BY Azerbaijan WERE (2022 - 2023):
Tajikistan-$45k (-100%)
Qatar-$8.61k (-100%)
Germany-$7.06k (-99.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Azerbaijan's main exporting competitors in Paints, dyes, & varnishes were:
In 2023, Azerbaijan's main importing competitors in Paints, dyes, & varnishes were:

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Trade Value of Paints, dyes, & varnishes by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALRussia+ $922k
TOP IMPORT POTENTIALChina+ $4.7M

Paints, dyes, & varnishes’s highest export potential is Russia. With an export gap of $922k.   Paints, dyes, & varnishes’s highest import potential is China with an import gap of $4.7M.

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