2023
Exports
$987kWorld Rnk 158 / 207
Flag Rnk 188 / 841
2023
PRODUCT COMPLEXITY IN Scrap Iron
-0.57Rnk 726 / 1025
2023
Imports
$71.9kWorld Rnk 130 / 177
Flag Rnk 972 / 1170
2023
ECONOMIC COMPLEXITY of Azerbaijan
-0.43Rnk 84 / 132

About

Exports In 2023, Azerbaijan exported $987k in Scrap Iron, making it the 158th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 188th most exported product in Azerbaijan. The main destination of Scrap Iron exports from Azerbaijan are: Spain ($782k), Latvia ($127k), and Turkey ($78.3k).

The fastest growing export markets for Scrap Iron of Azerbaijan between 2022 and 2023 were Spain ($471k) and Latvia ($127k).

Imports In 2023, Azerbaijan imported $71.9k in Scrap Iron, becoming the 130th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 972nd most imported product in Azerbaijan. Azerbaijan imports Scrap Iron primarily from: Iraq ($70.6k), Japan ($688), United States ($442), and Italy ($184).

The fastest growing import markets in Scrap Iron for Azerbaijan between 2022 and 2023 were Iraq ($43.6k), Japan ($688), and United States ($442).

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 Scrap Iron. 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)$987k
IMPORTS (2023)$71.9k
NET TRADE (2023)$915k

In 2023, Azerbaijan exported $987k in Scrap Iron. The main destinations of Azerbaijan exports on Scrap Iron were Spain ($782k), Latvia ($127k), and Turkey ($78.3k).

In 2023, Azerbaijan imported $71.9k in Scrap Iron, mainly from Iraq ($70.6k), Japan ($688), United States ($442), and Italy ($184).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Azerbaijan WERE (2022 - 2023):
Spain$471k (152%)
Latvia$127k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Azerbaijan WERE (2022 - 2023):
Estonia-$2.2M (-100%)
Turkey-$754k (-90.6%)
Kazakhstan-$540k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Azerbaijan's main exporting competitors in Scrap Iron were:
In 2023, Azerbaijan's main importing competitors in Scrap Iron were:
Turkey $7.59B
India $6.63B
Italy $2.59B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $471k
TOP IMPORT POTENTIALIraq+ $3.78k

Scrap Iron’s highest export potential is Turkey. With an export gap of $471k.   Scrap Iron’s highest import potential is Iraq with an import gap of $3.78k.

See methodology.

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