2022
Exports
$280World Rnk 151 / 174
Flag Rnk 770 / 848
2022
PRODUCT COMPLEXITY IN Umbrellas
-0.043Rnk 560 / 1025
2022
Imports
$983kWorld Rnk 128 / 218
Flag Rnk 681 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $280 in Umbrellas, making it the 151st largest exporter of Umbrellas in the world. At the same year, Umbrellas was the 770th most exported product in Azerbaijan. The main destination of Umbrellas exports from Azerbaijan are: United States ($152), Georgia ($81), United Kingdom ($20), Russia ($12), and Turkey ($10).

The fastest growing export markets for Umbrellas of Azerbaijan between 2021 and 2022 were United States ($152), Georgia ($81), and United Kingdom ($20).

Imports In 2022, Azerbaijan imported $983k in Umbrellas, becoming the 128th largest importer of Umbrellas in the world. At the same year, Umbrellas was the 681st most imported product in Azerbaijan. Azerbaijan imports Umbrellas primarily from: China ($461k), Turkey ($374k), Belgium ($81.2k), Bulgaria ($16.3k), and Germany ($15.3k).

The fastest growing import markets in Umbrellas for Azerbaijan between 2021 and 2022 were Turkey ($171k), Belgium ($81.2k), and China ($68.1k).

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 Umbrellas. 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)$280
IMPORTS (2022)$983k
NET TRADE (2022)-$983k

In 2022, Azerbaijan exported $280 in Umbrellas. The main destinations of Azerbaijan exports on Umbrellas were United States ($152), Georgia ($81), United Kingdom ($20), Russia ($12), and Turkey ($10).

In 2022, Azerbaijan imported $983k in Umbrellas, mainly from China ($461k), Turkey ($374k), Belgium ($81.2k), Bulgaria ($16.3k), and Germany ($15.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Umbrellas EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
United States$152 (1%)
Georgia$81 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Umbrellas BY Azerbaijan WERE (2021 - 2022):
Jordan-$25 (-100%)
Kuwait-$20 (-100%)
Italy-$16 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Umbrellas by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $870
TOP IMPORT POTENTIALChina+ $336k

Umbrellas’s highest export potential is United States. With an export gap of $870.   Umbrellas’s highest import potential is China with an import gap of $336k.

See methodology.

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