2022
Exports
$263kWorld Rnk 89 / 178
Flag Rnk 295 / 848
2022
PRODUCT COMPLEXITY IN Precious Metal Watches
0.4Rnk 410 / 1025
2022
Imports
$3.88MWorld Rnk 97 / 208
Flag Rnk 424 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $263k in Precious Metal Watches, making it the 89th largest exporter of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 295th most exported product in Azerbaijan. The main destination of Precious Metal Watches exports from Azerbaijan are: Switzerland ($250k), Austria ($11.7k), United Kingdom ($771), Spain ($465), and Belgium ($227).

The fastest growing export markets for Precious Metal Watches of Azerbaijan between 2021 and 2022 were Austria ($11.3k), Spain ($465), and Belgium ($227).

Imports In 2022, Azerbaijan imported $3.88M in Precious Metal Watches, becoming the 97th largest importer of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 424th most imported product in Azerbaijan. Azerbaijan imports Precious Metal Watches primarily from: Switzerland ($3.16M), Ireland ($194k), United Kingdom ($131k), Austria ($99.5k), and China ($64.9k).

The fastest growing import markets in Precious Metal Watches for Azerbaijan between 2021 and 2022 were Czechia ($48.2k), Netherlands ($16.4k), and United Arab Emirates ($6.49k).

Latest Trends

Jul 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 Precious Metal Watches. 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)$263k
IMPORTS (2022)$3.88M
NET TRADE (2022)-$3.61M

In 2022, Azerbaijan exported $263k in Precious Metal Watches. The main destinations of Azerbaijan exports on Precious Metal Watches were Switzerland ($250k), Austria ($11.7k), United Kingdom ($771), Spain ($465), and Belgium ($227).

In 2022, Azerbaijan imported $3.88M in Precious Metal Watches, mainly from Switzerland ($3.16M), Ireland ($194k), United Kingdom ($131k), Austria ($99.5k), and China ($64.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Watches EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Austria$11.3k (3.11k%)
Spain$465 (1%)
Belgium$227 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Watches BY Azerbaijan WERE (2021 - 2022):
Switzerland-$713k (-74%)
France-$20.7k (-100%)
Bahrain-$13.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Precious Metal Watches were:
In 2022, Azerbaijan's main importing competitors in Precious Metal Watches were:

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Trade Value of Precious Metal Watches by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALSwitzerland+ $93k
TOP IMPORT POTENTIALSwitzerland+ $457k

Precious Metal Watches’s highest export potential is Switzerland. With an export gap of $93k.   Precious Metal Watches’s highest import potential is Switzerland with an import gap of $457k.

See methodology.

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