2023
Exports
$215MWorld Rnk 109 / 221
Flag Rnk 5 / 96
2023
PRODUCT COMPLEXITY IN Precious stones, metals, & pearls
0.86Rnk 225 / 1025
2023
Imports
$65.9MWorld Rnk 106 / 223
Flag Rnk 48 / 96
2023
ECONOMIC COMPLEXITY of Azerbaijan
-0.43Rnk 84 / 132

About

Exports In 2023, Azerbaijan exported $215M in Precious stones, metals, & pearls, making it the 109th largest exporter of Precious stones, metals, & pearls in the world. At the same year, Precious stones, metals, & pearls was the 5th most exported product in Azerbaijan. The main destination of Precious stones, metals, & pearls exports from Azerbaijan are: Switzerland ($163M), United Arab Emirates ($47.3M), Hong Kong ($4.24M), Spain ($375k), and Germany ($196k).

The fastest growing export markets for Precious stones, metals, & pearls of Azerbaijan between 2022 and 2023 were United Arab Emirates ($45M), Hong Kong ($4.24M), and Spain ($355k).

Imports In 2023, Azerbaijan imported $65.9M in Precious stones, metals, & pearls, becoming the 106th largest importer of Precious stones, metals, & pearls in the world. At the same year, Precious stones, metals, & pearls was the 48th most imported product in Azerbaijan. Azerbaijan imports Precious stones, metals, & pearls primarily from: Turkey ($18.9M), Italy ($15.7M), Switzerland ($7.84M), Ireland ($4.96M), and China ($3.69M).

The fastest growing import markets in Precious stones, metals, & pearls for Azerbaijan between 2022 and 2023 were Italy ($4.71M), Switzerland ($2.6M), and Ireland ($1.92M).

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 Precious stones, metals, & pearls. 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)$215M
IMPORTS (2023)$65.9M
NET TRADE (2023)$149M

In 2023, Azerbaijan exported $215M in Precious stones, metals, & pearls. The main destinations of Azerbaijan exports on Precious stones, metals, & pearls were Switzerland ($163M), United Arab Emirates ($47.3M), Hong Kong ($4.24M), Spain ($375k), and Germany ($196k).

In 2023, Azerbaijan imported $65.9M in Precious stones, metals, & pearls, mainly from Turkey ($18.9M), Italy ($15.7M), Switzerland ($7.84M), Ireland ($4.96M), and China ($3.69M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious stones, metals, & pearls EXPORT MARKETS FOR Azerbaijan WERE (2022 - 2023):
Hong Kong$4.24M (1%)
Spain$355k (1.73k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious stones, metals, & pearls BY Azerbaijan WERE (2022 - 2023):
Switzerland-$28.1M (-14.7%)
Turkey-$295k (-99.6%)
United Kingdom-$175k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Azerbaijan's main exporting competitors in Precious stones, metals, & pearls were:
In 2023, Azerbaijan's main importing competitors in Precious stones, metals, & pearls were:

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Trade Value of Precious stones, metals, & pearls by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALSwitzerland+ $27.3M
TOP IMPORT POTENTIALTurkey+ $7.19M

Precious stones, metals, & pearls’s highest export potential is Switzerland. With an export gap of $27.3M.   Precious stones, metals, & pearls’s highest import potential is Turkey with an import gap of $7.19M.

See methodology.

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