2022
Exports
$50.7kWorld Rnk 80 / 144
Flag Rnk 439 / 848
2022
PRODUCT COMPLEXITY IN Waxes
0.46Rnk 381 / 1025
2022
Imports
$1.69MWorld Rnk 92 / 203
Flag Rnk 569 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $50.7k in Waxes, making it the 80th largest exporter of Waxes in the world. At the same year, Waxes was the 439th most exported product in Azerbaijan. The main destination of Waxes exports from Azerbaijan are: Turkey ($49k) and Georgia ($1.64k).

The fastest growing export markets for Waxes of Azerbaijan between 2021 and 2022 were Turkey ($49k) and Georgia ($585).

Imports In 2022, Azerbaijan imported $1.69M in Waxes, becoming the 92nd largest importer of Waxes in the world. At the same year, Waxes was the 569th most imported product in Azerbaijan. Azerbaijan imports Waxes primarily from: United Arab Emirates ($479k), Denmark ($348k), Turkey ($333k), Italy ($96.1k), and Poland ($81.1k).

The fastest growing import markets in Waxes for Azerbaijan between 2021 and 2022 were Denmark ($298k), United Arab Emirates ($175k), and Turkey ($172k).

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 Waxes. 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)$50.7k
IMPORTS (2022)$1.69M
NET TRADE (2022)-$1.64M

In 2022, Azerbaijan exported $50.7k in Waxes. The main destinations of Azerbaijan exports on Waxes were Turkey ($49k) and Georgia ($1.64k).

In 2022, Azerbaijan imported $1.69M in Waxes, mainly from United Arab Emirates ($479k), Denmark ($348k), Turkey ($333k), Italy ($96.1k), and Poland ($81.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Waxes EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Turkey$49k (980k%)
Georgia$585 (55.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Waxes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $42.8k
TOP IMPORT POTENTIALGermany+ $81.8k

Waxes’s highest export potential is Turkey. With an export gap of $42.8k.   Waxes’s highest import potential is Germany with an import gap of $81.8k.

See methodology.

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