2022
Exports
$4.49MWorld Rnk 139 / 221
Flag Rnk 18 / 21
2022
PRODUCT COMPLEXITY IN Wood Products
0.3Rnk 451 / 1025
2022
Imports
$349MWorld Rnk 61 / 226
Flag Rnk 11 / 21
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $4.49M in Wood Products, making it the 139th largest exporter of Wood Products in the world. At the same year, Wood Products was the 18th most exported product in Azerbaijan. The main destination of Wood Products exports from Azerbaijan are: Turkey ($1.65M), Georgia ($1.28M), Iran ($931k), United Arab Emirates ($134k), and Italy ($119k).

The fastest growing export markets for Wood Products of Azerbaijan between 2021 and 2022 were Turkey ($1.62M), Georgia ($1.03M), and United Arab Emirates ($133k).

Imports In 2022, Azerbaijan imported $349M in Wood Products, becoming the 61st largest importer of Wood Products in the world. At the same year, Wood Products was the 11th most imported product in Azerbaijan. Azerbaijan imports Wood Products primarily from: Russia ($221M), Belarus ($72.2M), Turkey ($31.2M), China ($5.42M), and Iran ($3.96M).

The fastest growing import markets in Wood Products for Azerbaijan between 2021 and 2022 were Belarus ($52.8M), China ($1.96M), and Portugal ($1.38M).

Latest Trends

Oct 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 Wood Products. 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)$4.49M
IMPORTS (2022)$349M
NET TRADE (2022)-$345M

In 2022, Azerbaijan exported $4.49M in Wood Products. The main destinations of Azerbaijan exports on Wood Products were Turkey ($1.65M), Georgia ($1.28M), Iran ($931k), United Arab Emirates ($134k), and Italy ($119k).

In 2022, Azerbaijan imported $349M in Wood Products, mainly from Russia ($221M), Belarus ($72.2M), Turkey ($31.2M), China ($5.42M), and Iran ($3.96M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Products EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Turkey$1.62M (4.6k%)
Georgia$1.03M (417%)
United Arab Emirates$133k (9.18k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Products BY Azerbaijan WERE (2021 - 2022):
Germany-$24.9k (-38.8%)
Hungary-$13.9k (-100%)
Azerbaijan-$12.3k (-93%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Wood Products were:
China $20.4B
Canada $20.1B
In 2022, Azerbaijan's main importing competitors in Wood Products were:

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Trade Value of Wood Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $355k
TOP IMPORT POTENTIALChina+ $5.45M

Wood Products’s highest export potential is United States. With an export gap of $355k.   Wood Products’s highest import potential is China with an import gap of $5.45M.

See methodology.

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