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2022
Exports $512kWorld Rnk 125 / 216
Flag Rnk 231 / 848
2022
Destination $32.7k Russia
2021 - 2022
FASTEST GROWING MARKET $32.7kSouth Korea
2022
PRODUCT COMPLEXITY IN Beauty Products0.42Rnk 400 / 1025
2022
Imports $41.6MWorld Rnk 85 / 223
Flag Rnk 83 / 1162
2022
Origin $1.81M Turkey
2021 - 2022
FASTEST GROWING ORIGIN $1.81MSouth Korea
2022
ECONOMIC COMPLEXITY of Azerbaijan-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $512k in Beauty Products, making it the 125th largest exporter of Beauty Products in the world. At the same year, Beauty Products was the 231st most exported product in Azerbaijan. The main destination of Beauty Products exports from Azerbaijan are: Russia ($166k), Georgia ($158k), Ukraine ($62.9k), South Korea ($32.7k), and Kazakhstan ($19.6k).

The fastest growing export markets for Beauty Products of Azerbaijan between 2021 and 2022 were South Korea ($32.7k), Kazakhstan ($17.3k), and Ukraine ($16.2k).

Imports In 2022, Azerbaijan imported $41.6M in Beauty Products, becoming the 85th largest importer of Beauty Products in the world. At the same year, Beauty Products was the 83rd most imported product in Azerbaijan. Azerbaijan imports Beauty Products primarily from: Turkey ($6.74M), Russia ($6.56M), France ($5.09M), South Korea ($4.39M), and Germany ($4.27M).

The fastest growing import markets in Beauty Products for Azerbaijan between 2021 and 2022 were South Korea ($1.81M), Germany ($1.31M), and Italy ($1.19M).

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 Beauty 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)$512k
IMPORTS (2022)$41.6M
NET TRADE (2022)-$41.1M

In 2022, Azerbaijan exported $512k in Beauty Products. The main destinations of Azerbaijan exports on Beauty Products were Russia ($166k), Georgia ($158k), Ukraine ($62.9k), South Korea ($32.7k), and Kazakhstan ($19.6k).

In 2022, Azerbaijan imported $41.6M in Beauty Products, mainly from Turkey ($6.74M), Russia ($6.56M), France ($5.09M), South Korea ($4.39M), and Germany ($4.27M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Beauty Products EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
South Korea$32.7k (136k%)
Kazakhstan$17.3k (748%)
Ukraine$16.2k (34.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Beauty Products BY Azerbaijan WERE (2021 - 2022):
Hong Kong-$262k (-93.2%)
Georgia-$215k (-57.6%)
Russia-$91.6k (-35.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Beauty Products were:
France $10.8B
South Korea $7.09B
United States $6.02B
In 2022, Azerbaijan's main importing competitors in Beauty Products were:
China $11.1B
United States $5.77B
Hong Kong $3.78B

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Trade Value of Beauty Products by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALRussia+ $197k
TOP IMPORT POTENTIALFrance+ $3.41M

Beauty Products’s highest export potential is Russia. With an export gap of $197k.   Beauty Products’s highest import potential is France with an import gap of $3.41M.

See methodology.

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