2022
Exports
$581kWorld Rnk 88 / 126
Flag Rnk 214 / 848
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron Bars
-0.34Rnk 659 / 1025
2022
Imports
$25.4MWorld Rnk 85 / 210
Flag Rnk 137 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $581k in Hot-Rolled Iron Bars, making it the 88th largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 214th most exported product in Azerbaijan. The main destination of Hot-Rolled Iron Bars exports from Azerbaijan are: Lebanon ($504k), Georgia ($49.5k), and Turkey ($27.9k).

The fastest growing export markets for Hot-Rolled Iron Bars of Azerbaijan between 2021 and 2022 were Lebanon ($426k).

Imports In 2022, Azerbaijan imported $25.4M in Hot-Rolled Iron Bars, becoming the 85th largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 137th most imported product in Azerbaijan. Azerbaijan imports Hot-Rolled Iron Bars primarily from: Russia ($13.9M), Iran ($7.8M), Turkey ($2.71M), Belarus ($816k), and Ukraine ($51.6k).

The fastest growing import markets in Hot-Rolled Iron Bars for Azerbaijan between 2021 and 2022 were Turkey ($2.03M), Iran ($2.01M), and Belarus ($816k).

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 Hot-Rolled Iron Bars. 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)$581k
IMPORTS (2022)$25.4M
NET TRADE (2022)-$24.8M

In 2022, Azerbaijan exported $581k in Hot-Rolled Iron Bars. The main destinations of Azerbaijan exports on Hot-Rolled Iron Bars were Lebanon ($504k), Georgia ($49.5k), and Turkey ($27.9k).

In 2022, Azerbaijan imported $25.4M in Hot-Rolled Iron Bars, mainly from Russia ($13.9M), Iran ($7.8M), Turkey ($2.71M), Belarus ($816k), and Ukraine ($51.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron Bars EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):Lebanon$426k (545%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron Bars BY Azerbaijan WERE (2021 - 2022):
Turkey-$3.02M (-99.1%)
Georgia-$1.02M (-95.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Hot-Rolled Iron Bars were:
Germany $1.64B
China $1.62B
In 2022, Azerbaijan's main importing competitors in Hot-Rolled Iron Bars were:

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Trade Value of Hot-Rolled Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $329k
TOP IMPORT POTENTIALTurkey+ $1.72M

Hot-Rolled Iron Bars’s highest export potential is Turkey. With an export gap of $329k.   Hot-Rolled Iron Bars’s highest import potential is Turkey with an import gap of $1.72M.

See methodology.

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