2022
Exports
$81.4MWorld Rnk 17 / 123
Flag Rnk 19 / 848
2022
PRODUCT COMPLEXITY IN Petroleum Resins
1.53Rnk 46 / 1025
2022
Imports
$2.14MWorld Rnk 92 / 197
Flag Rnk 533 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $81.4M 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 ($23.6M), United States ($18.7M), Netherlands ($14.5M), Cyprus ($9.59M), and Belgium ($6.67M).

The fastest growing export markets for Petroleum Resins of Azerbaijan between 2021 and 2022 were Latvia ($17.3M), United States ($8.81M), and Cyprus ($3.94M).

Imports In 2022, Azerbaijan imported $2.14M in Petroleum Resins, becoming the 92nd largest importer of Petroleum Resins in the world. At the same year, Petroleum Resins was the 533rd most imported product in Azerbaijan. Azerbaijan imports Petroleum Resins primarily from: Turkey ($695k), United Arab Emirates ($674k), France ($252k), United Kingdom ($169k), and China ($130k).

The fastest growing import markets in Petroleum Resins for Azerbaijan between 2021 and 2022 were United Arab Emirates ($591k), Turkey ($259k), and China ($64.1k).

Latest Trends

Oct 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 (2022)$81.4M
IMPORTS (2022)$2.14M
NET TRADE (2022)$79.2M

In 2022, Azerbaijan exported $81.4M in Petroleum Resins. The main destinations of Azerbaijan exports on Petroleum Resins were Latvia ($23.6M), United States ($18.7M), Netherlands ($14.5M), Cyprus ($9.59M), and Belgium ($6.67M).

In 2022, Azerbaijan imported $2.14M in Petroleum Resins, mainly from Turkey ($695k), United Arab Emirates ($674k), France ($252k), United Kingdom ($169k), and China ($130k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Resins EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Latvia$17.3M (275%)
United States$8.81M (88.7%)
Cyprus$3.94M (69.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Resins BY Azerbaijan WERE (2021 - 2022):
Belgium-$26.2M (-79.7%)
Netherlands-$6.2M (-30%)
Hong Kong-$1.52k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Petroleum Resins were:
In 2022, 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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