2023
Exports
$83.5MWorld Rnk 17 / 124
Flag Rnk 19 / 841
2023
PRODUCT COMPLEXITY IN Petroleum Resins
1.47Rnk 49 / 1025
2023
Imports
$1.6MWorld Rnk 93 / 200
Flag Rnk 617 / 1170
2023
ECONOMIC COMPLEXITY of Azerbaijan
-0.43Rnk 84 / 132

About

Exports In 2023, Azerbaijan exported $83.5M in Petroleum Resins, making it the 17th largest exporter of Petroleum Resins in the world. At the same year, Petroleum Resins was the 19th most exported product in Azerbaijan. The main destination of Petroleum Resins exports from Azerbaijan are: Latvia ($24.9M), Belgium ($17.8M), Cyprus ($16.5M), Netherlands ($8.39M), and Tunisia ($8.2M).

The fastest growing export markets for Petroleum Resins of Azerbaijan between 2022 and 2023 were Belgium ($11.2M), Tunisia ($8.2M), and Cyprus ($6.89M).

Imports In 2023, Azerbaijan imported $1.6M in Petroleum Resins, becoming the 93rd largest importer of Petroleum Resins in the world. At the same year, Petroleum Resins was the 617th most imported product in Azerbaijan. Azerbaijan imports Petroleum Resins primarily from: Turkey ($483k), United Arab Emirates ($337k), China ($245k), France ($234k), and United Kingdom ($213k).

The fastest growing import markets in Petroleum Resins for Azerbaijan between 2022 and 2023 were China ($107k), United Kingdom ($81.6k), and Turkey ($76.1k).

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 Petroleum Resins. 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)$83.5M
IMPORTS (2023)$1.6M
NET TRADE (2023)$81.9M

In 2023, Azerbaijan exported $83.5M in Petroleum Resins. The main destinations of Azerbaijan exports on Petroleum Resins were Latvia ($24.9M), Belgium ($17.8M), Cyprus ($16.5M), Netherlands ($8.39M), and Tunisia ($8.2M).

In 2023, Azerbaijan imported $1.6M in Petroleum Resins, mainly from Turkey ($483k), United Arab Emirates ($337k), China ($245k), France ($234k), and United Kingdom ($213k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Petroleum Resins EXPORT MARKETS FOR Azerbaijan WERE (2022 - 2023):
Belgium$11.2M (167%)
Tunisia$8.2M (1%)
Cyprus$6.89M (71.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Resins BY Azerbaijan WERE (2022 - 2023):
United States-$18.7M (-100%)
United Arab Emirates-$6.22M (-100%)
Netherlands-$6.1M (-42.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Azerbaijan's main exporting competitors in Petroleum Resins were:
In 2023, Azerbaijan's main importing competitors in Petroleum Resins were:

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Trade Value of Petroleum Resins by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALTurkey+ $1.72M
TOP IMPORT POTENTIALChina+ $197k

Petroleum Resins’s highest export potential is Turkey. With an export gap of $1.72M.   Petroleum Resins’s highest import potential is China with an import gap of $197k.

See methodology.

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