2022
Exports
$230World Rnk 175 / 183
Flag Rnk 776 / 848
2022
PRODUCT COMPLEXITY IN Basketwork
-1.47Rnk 944 / 1025
2022
Imports
$450kWorld Rnk 94 / 216
Flag Rnk 793 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $230 in Basketwork, making it the 175th largest exporter of Basketwork in the world. At the same year, Basketwork was the 776th most exported product in Azerbaijan. The main destination of Basketwork exports from Azerbaijan are: Georgia ($117), Austria ($68), and Russia ($45).

The fastest growing export markets for Basketwork of Azerbaijan between 2021 and 2022 were Georgia ($117) and Austria ($68).

Imports In 2022, Azerbaijan imported $450k in Basketwork, becoming the 94th largest importer of Basketwork in the world. At the same year, Basketwork was the 793rd most imported product in Azerbaijan. Azerbaijan imports Basketwork primarily from: United Arab Emirates ($101k), Vietnam ($65.7k), China ($62.5k), Bulgaria ($53k), and Iran ($34.3k).

The fastest growing import markets in Basketwork for Azerbaijan between 2021 and 2022 were United Arab Emirates ($58.5k), Vietnam ($50.6k), and Bulgaria ($50.3k).

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 Basketwork. 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)$230
IMPORTS (2022)$450k
NET TRADE (2022)-$450k

In 2022, Azerbaijan exported $230 in Basketwork. The main destinations of Azerbaijan exports on Basketwork were Georgia ($117), Austria ($68), and Russia ($45).

In 2022, Azerbaijan imported $450k in Basketwork, mainly from United Arab Emirates ($101k), Vietnam ($65.7k), China ($62.5k), Bulgaria ($53k), and Iran ($34.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Basketwork EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Georgia$117 (1%)
Austria$68 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Basketwork BY Azerbaijan WERE (2021 - 2022):
France-$177 (-100%)
Russia-$96 (-68.1%)
Turkey-$42 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Basketwork by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $581
TOP IMPORT POTENTIALChina+ $159k

Basketwork’s highest export potential is United States. With an export gap of $581.   Basketwork’s highest import potential is China with an import gap of $159k.

See methodology.

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