2022
Exports
$536kWorld Rnk 106 / 214
Flag Rnk 225 / 848
2022
PRODUCT COMPLEXITY IN Chemical Analysis Instruments
1.69Rnk 26 / 1025
2022
Imports
$28.7MWorld Rnk 78 / 225
Flag Rnk 126 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $536k in Chemical Analysis Instruments, making it the 106th largest exporter of Chemical Analysis Instruments in the world. At the same year, Chemical Analysis Instruments was the 225th most exported product in Azerbaijan. The main destination of Chemical Analysis Instruments exports from Azerbaijan are: Georgia ($76k), United Kingdom ($60.9k), Hong Kong ($60.8k), Denmark ($55.6k), and Turkey ($54.5k).

The fastest growing export markets for Chemical Analysis Instruments of Azerbaijan between 2021 and 2022 were Hong Kong ($60.8k), Denmark ($55.6k), and Turkey ($51.9k).

Imports In 2022, Azerbaijan imported $28.7M in Chemical Analysis Instruments, becoming the 78th largest importer of Chemical Analysis Instruments in the world. At the same year, Chemical Analysis Instruments was the 126th most imported product in Azerbaijan. Azerbaijan imports Chemical Analysis Instruments primarily from: Germany ($4.99M), Turkey ($4.16M), United Arab Emirates ($3.96M), Japan ($3.05M), and United States ($2.52M).

The fastest growing import markets in Chemical Analysis Instruments for Azerbaijan between 2021 and 2022 were Germany ($2.69M), United Arab Emirates ($2.23M), and Japan ($1.59M).

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 Chemical Analysis Instruments. 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)$536k
IMPORTS (2022)$28.7M
NET TRADE (2022)-$28.1M

In 2022, Azerbaijan exported $536k in Chemical Analysis Instruments. The main destinations of Azerbaijan exports on Chemical Analysis Instruments were Georgia ($76k), United Kingdom ($60.9k), Hong Kong ($60.8k), Denmark ($55.6k), and Turkey ($54.5k).

In 2022, Azerbaijan imported $28.7M in Chemical Analysis Instruments, mainly from Germany ($4.99M), Turkey ($4.16M), United Arab Emirates ($3.96M), Japan ($3.05M), and United States ($2.52M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chemical Analysis Instruments EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Hong Kong$60.8k (1%)
Denmark$55.6k (1%)
Turkey$51.9k (2k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical Analysis Instruments BY Azerbaijan WERE (2021 - 2022):
Saudi Arabia-$578k (-100%)
United States-$432k (-90.6%)
Turkmenistan-$74.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Chemical Analysis Instruments were:
In 2022, Azerbaijan's main importing competitors in Chemical Analysis Instruments were:

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Trade Value of Chemical Analysis Instruments by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $150k
TOP IMPORT POTENTIALGermany+ $2.97M

Chemical Analysis Instruments’s highest export potential is United States. With an export gap of $150k.   Chemical Analysis Instruments’s highest import potential is Germany with an import gap of $2.97M.

See methodology.

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