2022
Exports
$64.2kWorld Rnk 129 / 207
Flag Rnk 420 / 848
2022
PRODUCT COMPLEXITY IN Iron Housewares
-0.78Rnk 776 / 1025
2022
Imports
$15.6MWorld Rnk 98 / 223
Flag Rnk 197 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $64.2k in Iron Housewares, making it the 129th largest exporter of Iron Housewares in the world. At the same year, Iron Housewares was the 420th most exported product in Azerbaijan. The main destination of Iron Housewares exports from Azerbaijan are: Germany ($28.6k), Russia ($5.65k), United Kingdom ($5.27k), Georgia ($5.17k), and Turkmenistan ($2.18k).

The fastest growing export markets for Iron Housewares of Azerbaijan between 2021 and 2022 were Germany ($13.5k), Turkmenistan ($2.18k), and Malaysia ($1.25k).

Imports In 2022, Azerbaijan imported $15.6M in Iron Housewares, becoming the 98th largest importer of Iron Housewares in the world. At the same year, Iron Housewares was the 197th most imported product in Azerbaijan. Azerbaijan imports Iron Housewares primarily from: Turkey ($5.46M), China ($4.72M), Russia ($2.46M), Iran ($676k), and Ukraine ($640k).

The fastest growing import markets in Iron Housewares for Azerbaijan between 2021 and 2022 were Uzbekistan ($259k), Turkey ($189k), and United Arab Emirates ($98.9k).

Historical Data

Trade Balance

Color
EXPORTS (2022)$64.2k
IMPORTS (2022)$15.6M
NET TRADE (2022)-$15.5M

In 2022, Azerbaijan exported $64.2k in Iron Housewares. The main destinations of Azerbaijan exports on Iron Housewares were Germany ($28.6k), Russia ($5.65k), United Kingdom ($5.27k), Georgia ($5.17k), and Turkmenistan ($2.18k).

In 2022, Azerbaijan imported $15.6M in Iron Housewares, mainly from Turkey ($5.46M), China ($4.72M), Russia ($2.46M), Iran ($676k), and Ukraine ($640k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Housewares EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Germany$13.5k (89.8%)
Turkmenistan$2.18k (1%)
Malaysia$1.25k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Housewares BY Azerbaijan WERE (2021 - 2022):
Russia-$6.47k (-53.4%)
Georgia-$4.14k (-44.5%)
United Arab Emirates-$2.3k (-68.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Azerbaijan's main exporting competitors in Iron Housewares were:
China $12.2B
India $744M
In 2022, Azerbaijan's main importing competitors in Iron Housewares were:

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Trade Value of Iron Housewares by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $34.5k
TOP IMPORT POTENTIALChina+ $2.95M

Iron Housewares’s highest export potential is Germany. With an export gap of $34.5k.   Iron Housewares’s highest import potential is China with an import gap of $2.95M.

See methodology.

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