2022
Exports
$13.3kWorld Rnk 123 / 184
Flag Rnk 569 / 848
2022
PRODUCT COMPLEXITY IN Tool Sets
0.9Rnk 208 / 1025
2022
Imports
$913kWorld Rnk 104 / 218
Flag Rnk 695 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $13.3k in Tool Sets, making it the 123rd largest exporter of Tool Sets in the world. At the same year, Tool Sets was the 569th most exported product in Azerbaijan. The main destination of Tool Sets exports from Azerbaijan are: United Kingdom ($5.4k), Norway ($2.82k), Switzerland ($2.44k), Turkey ($700), and Kazakhstan ($497).

The fastest growing export markets for Tool Sets of Azerbaijan between 2021 and 2022 were United Kingdom ($5.4k), Norway ($2.53k), and Switzerland ($2.44k).

Imports In 2022, Azerbaijan imported $913k in Tool Sets, becoming the 104th largest importer of Tool Sets in the world. At the same year, Tool Sets was the 695th most imported product in Azerbaijan. Azerbaijan imports Tool Sets primarily from: China ($396k), United Arab Emirates ($129k), South Africa ($121k), Turkey ($86.4k), and Finland ($34.5k).

The fastest growing import markets in Tool Sets for Azerbaijan between 2021 and 2022 were China ($130k), South Africa ($121k), and United Arab Emirates ($94.5k).

Latest Trends

Sep 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 Tool Sets. 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)$13.3k
IMPORTS (2022)$913k
NET TRADE (2022)-$900k

In 2022, Azerbaijan exported $13.3k in Tool Sets. The main destinations of Azerbaijan exports on Tool Sets were United Kingdom ($5.4k), Norway ($2.82k), Switzerland ($2.44k), Turkey ($700), and Kazakhstan ($497).

In 2022, Azerbaijan imported $913k in Tool Sets, mainly from China ($396k), United Arab Emirates ($129k), South Africa ($121k), Turkey ($86.4k), and Finland ($34.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tool Sets EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
United Kingdom$5.4k (1%)
Norway$2.53k (863%)
Switzerland$2.44k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Sets BY Azerbaijan WERE (2021 - 2022):
Senegal-$2.27k (-100%)
Germany-$537 (-100%)
United States-$50 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Tool Sets were:
In 2022, Azerbaijan's main importing competitors in Tool Sets were:

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Trade Value of Tool Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $4.66k
TOP IMPORT POTENTIALChina+ $200k

Tool Sets’s highest export potential is United Kingdom. With an export gap of $4.66k.   Tool Sets’s highest import potential is China with an import gap of $200k.

See methodology.

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