2022
Exports
$9.43MWorld Rnk 42 / 148
Flag Rnk 53 / 848
2022
PRODUCT COMPLEXITY IN Butter
0.015Rnk 543 / 1025
2022
Imports
$70.5MWorld Rnk 35 / 220
Flag Rnk 44 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $9.43M in Butter, making it the 42nd largest exporter of Butter in the world. At the same year, Butter was the 53rd most exported product in Azerbaijan. The main destination of Butter exports from Azerbaijan are: Russia ($9.43M).

The fastest growing export markets for Butter of Azerbaijan between 2021 and 2022 were Russia ($8.16M).

Imports In 2022, Azerbaijan imported $70.5M in Butter, becoming the 35th largest importer of Butter in the world. At the same year, Butter was the 44th most imported product in Azerbaijan. Azerbaijan imports Butter primarily from: Iran ($26.3M), New Zealand ($16M), Ukraine ($6.82M), Belarus ($5.46M), and Finland ($5.38M).

The fastest growing import markets in Butter for Azerbaijan between 2021 and 2022 were Iran ($19.3M), New Zealand ($5.87M), and Turkey ($2.19M).

Latest Trends

Sep 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 (2022)$9.43M
IMPORTS (2022)$70.5M
NET TRADE (2022)-$61M

In 2022, Azerbaijan exported $9.43M in Butter. The main destinations of Azerbaijan exports on Butter were Russia ($9.43M).

In 2022, Azerbaijan imported $70.5M in Butter, mainly from Iran ($26.3M), New Zealand ($16M), Ukraine ($6.82M), Belarus ($5.46M), and Finland ($5.38M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Butter EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):Russia$8.16M (642%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Butter BY Azerbaijan WERE (2021 - 2022):
Iraq-$14.1k (-100%)
United States-$1.05k (-100%)
Kazakhstan-$357 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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