2023
Exports
$4.04MWorld Rnk 58 / 135
Flag Rnk 92 / 841
2023
PRODUCT COMPLEXITY IN Diamonds
-1.54Rnk 950 / 1025
2023
Imports
$32.5kWorld Rnk 129 / 158
Flag Rnk 1019 / 1170
2023
ECONOMIC COMPLEXITY of Azerbaijan
-0.43Rnk 84 / 132

About

Exports In 2023, Azerbaijan exported $4.04M in Diamonds, making it the 58th largest exporter of Diamonds in the world. At the same year, Diamonds was the 92nd most exported product in Azerbaijan. The main destination of Diamonds exports from Azerbaijan are: Hong Kong ($4.04M) and Netherlands ($40).

The fastest growing export markets for Diamonds of Azerbaijan between 2022 and 2023 were Hong Kong ($4.04M) and Netherlands ($40).

Imports In 2023, Azerbaijan imported $32.5k in Diamonds, becoming the 129th largest importer of Diamonds in the world. At the same year, Diamonds was the 1019th most imported product in Azerbaijan. Azerbaijan imports Diamonds primarily from: Russia ($20.9k) and Czechia ($11.6k).

The fastest growing import markets in Diamonds for Azerbaijan between 2022 and 2023 were Russia ($20.9k) and Czechia ($11.6k).

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 Diamonds. 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)$4.04M
IMPORTS (2023)$32.5k
NET TRADE (2023)$4.01M

In 2023, Azerbaijan exported $4.04M in Diamonds. The main destinations of Azerbaijan exports on Diamonds were Hong Kong ($4.04M) and Netherlands ($40).

In 2023, Azerbaijan imported $32.5k in Diamonds, mainly from Russia ($20.9k) and Czechia ($11.6k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Diamonds EXPORT MARKETS FOR Azerbaijan WERE (2022 - 2023):
Hong Kong$4.04M (1%)
Netherlands$40 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Diamonds BY Azerbaijan WERE (2022 - 2023):Canada-$45.3k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Diamonds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $15.3k
TOP IMPORT POTENTIALUnited Arab Emirates+ $199k

Diamonds’s highest export potential is Canada. With an export gap of $15.3k.   Diamonds’s highest import potential is United Arab Emirates with an import gap of $199k.

See methodology.

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