2023
Exports
$14.8MWorld Rnk 101 / 225
Flag Rnk 34 / 96
2023
PRODUCT COMPLEXITY IN Pharmaceutical products
1.25Rnk 89 / 1025
2023
Imports
$544MWorld Rnk 85 / 226
Flag Rnk 7 / 96
2023
ECONOMIC COMPLEXITY of Azerbaijan
-0.43Rnk 84 / 132

About

Exports In 2023, Azerbaijan exported $14.8M in Pharmaceutical products, making it the 101st largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 34th most exported product in Azerbaijan. The main destination of Pharmaceutical products exports from Azerbaijan are: Ukraine ($9.71M), Georgia ($2.77M), Poland ($1.18M), Switzerland ($495k), and Russia ($266k).

The fastest growing export markets for Pharmaceutical products of Azerbaijan between 2022 and 2023 were Ukraine ($9.67M), Georgia ($2.39M), and Poland ($1.18M).

Imports In 2023, Azerbaijan imported $544M in Pharmaceutical products, becoming the 85th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 7th most imported product in Azerbaijan. Azerbaijan imports Pharmaceutical products primarily from: Turkey ($78.5M), China ($54.2M), Germany ($51.7M), Russia ($39M), and France ($32.3M).

The fastest growing import markets in Pharmaceutical products for Azerbaijan between 2022 and 2023 were China ($30.2M), Hungary ($7.13M), and Russia ($5.22M).

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 Pharmaceutical products. 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)$14.8M
IMPORTS (2023)$544M
NET TRADE (2023)-$530M

In 2023, Azerbaijan exported $14.8M in Pharmaceutical products. The main destinations of Azerbaijan exports on Pharmaceutical products were Ukraine ($9.71M), Georgia ($2.77M), Poland ($1.18M), Switzerland ($495k), and Russia ($266k).

In 2023, Azerbaijan imported $544M in Pharmaceutical products, mainly from Turkey ($78.5M), China ($54.2M), Germany ($51.7M), Russia ($39M), and France ($32.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Azerbaijan WERE (2022 - 2023):
Ukraine$9.67M (21.7k%)
Georgia$2.39M (630%)
Poland$1.18M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Azerbaijan WERE (2022 - 2023):
Moldova-$850k (-100%)
Latvia-$153k (-47.2%)
Turkey-$145k (-65.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Azerbaijan's main exporting competitors in Pharmaceutical products were:
In 2023, Azerbaijan's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSwitzerland+ $586k
TOP IMPORT POTENTIALGermany+ $39.4M

Pharmaceutical products’s highest export potential is Switzerland. With an export gap of $586k.   Pharmaceutical products’s highest import potential is Germany with an import gap of $39.4M.

See methodology.

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