2022
Exports
$110kWorld Rnk 98 / 165
Flag Rnk 380 / 848
2022
PRODUCT COMPLEXITY IN Forging Machines
1.5Rnk 53 / 1025
2022
Imports
$11.1MWorld Rnk 74 / 211
Flag Rnk 248 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $110k in Forging Machines, making it the 98th largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 380th most exported product in Azerbaijan. The main destination of Forging Machines exports from Azerbaijan are: Iran ($41.1k), Turkey ($37.5k), Namibia ($11.5k), Georgia ($4.39k), and Norway ($4.17k).

The fastest growing export markets for Forging Machines of Azerbaijan between 2021 and 2022 were Turkey ($16.4k), Namibia ($11.5k), and Austria ($3.42k).

Imports In 2022, Azerbaijan imported $11.1M in Forging Machines, becoming the 74th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 248th most imported product in Azerbaijan. Azerbaijan imports Forging Machines primarily from: Turkey ($4.31M), United Arab Emirates ($3.15M), Austria ($1.79M), China ($789k), and India ($284k).

The fastest growing import markets in Forging Machines for Azerbaijan between 2021 and 2022 were United Arab Emirates ($3.11M), Turkey ($1.78M), and Austria ($1.66M).

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 Forging Machines. 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)$110k
IMPORTS (2022)$11.1M
NET TRADE (2022)-$11M

In 2022, Azerbaijan exported $110k in Forging Machines. The main destinations of Azerbaijan exports on Forging Machines were Iran ($41.1k), Turkey ($37.5k), Namibia ($11.5k), Georgia ($4.39k), and Norway ($4.17k).

In 2022, Azerbaijan imported $11.1M in Forging Machines, mainly from Turkey ($4.31M), United Arab Emirates ($3.15M), Austria ($1.79M), China ($789k), and India ($284k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Turkey$16.4k (77.7%)
Namibia$11.5k (1%)
Austria$3.42k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Azerbaijan WERE (2021 - 2022):
Iran-$1.24M (-96.8%)
Russia-$116k (-98%)
Italy-$74.9k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Forging Machines were:
China $1.72B
Italy $1.2B
Germany $1.02B
In 2022, Azerbaijan's main importing competitors in Forging Machines were:

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Trade Value of Forging Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $49.7k
TOP IMPORT POTENTIALChina+ $914k

Forging Machines’s highest export potential is Turkey. With an export gap of $49.7k.   Forging Machines’s highest import potential is China with an import gap of $914k.

See methodology.

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