2023
Exports
$7.05MWorld Rnk 41 / 146
Flag Rnk 64 / 841
2023
PRODUCT COMPLEXITY IN Butter
0.079Rnk 528 / 1025
2023
Imports
$80.4MWorld Rnk 29 / 224
Flag Rnk 46 / 1170
2023
ECONOMIC COMPLEXITY of Azerbaijan
-0.43Rnk 84 / 132

About

Exports In 2023, Azerbaijan exported $7.05M in Butter, making it the 41st largest exporter of Butter in the world. At the same year, Butter was the 64th most exported product in Azerbaijan. The main destination of Butter exports from Azerbaijan are: Russia ($6.95M), Iraq ($60.8k), Georgia ($31.8k), and Turkey ($3).

The fastest growing export markets for Butter of Azerbaijan between 2022 and 2023 were Iraq ($60.8k), Georgia ($31.8k), and Turkey ($3).

Imports In 2023, Azerbaijan imported $80.4M in Butter, becoming the 29th largest importer of Butter in the world. At the same year, Butter was the 46th most imported product in Azerbaijan. Azerbaijan imports Butter primarily from: New Zealand ($32.7M), Iran ($23.5M), Ukraine ($6.13M), Belarus ($5.53M), and Finland ($4.54M).

The fastest growing import markets in Butter for Azerbaijan between 2022 and 2023 were Germany ($921k), Saudi Arabia ($387k), and Georgia ($334k).

Latest Trends

Dec 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 Butter. 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 (2023)$7.05M
IMPORTS (2023)$80.4M
NET TRADE (2023)-$73.3M

In 2023, Azerbaijan exported $7.05M in Butter. The main destinations of Azerbaijan exports on Butter were Russia ($6.95M), Iraq ($60.8k), Georgia ($31.8k), and Turkey ($3).

In 2023, Azerbaijan imported $80.4M in Butter, mainly from New Zealand ($32.7M), Iran ($23.5M), Ukraine ($6.13M), Belarus ($5.53M), and Finland ($4.54M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Butter EXPORT MARKETS FOR Azerbaijan WERE (2022 - 2023):
Iraq$60.8k (1%)
Georgia$31.8k (1%)
Turkey$3 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Butter BY Azerbaijan WERE (2022 - 2023):Russia-$2.48M (-26.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Azerbaijan's main exporting competitors in Butter were:
In 2023, Azerbaijan's main importing competitors in Butter were:

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Trade Value of Butter by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.17k
TOP IMPORT POTENTIALGermany+ $1.3M

Butter’s highest export potential is China. With an export gap of $3.17k.   Butter’s highest import potential is Germany with an import gap of $1.3M.

See methodology.

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