2022
Exports
$6.01MWorld Rnk 89 / 208
Flag Rnk 62 / 848
2022
PRODUCT COMPLEXITY IN Iron Structures
0.5Rnk 363 / 1025
2022
Imports
$101MWorld Rnk 83 / 224
Flag Rnk 23 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $6.01M in Iron Structures, making it the 89th largest exporter of Iron Structures in the world. At the same year, Iron Structures was the 62nd most exported product in Azerbaijan. The main destination of Iron Structures exports from Azerbaijan are: Russia ($3.25M), Uzbekistan ($905k), Georgia ($572k), Turkmenistan ($547k), and United States ($406k).

The fastest growing export markets for Iron Structures of Azerbaijan between 2021 and 2022 were Russia ($2.88M), Uzbekistan ($902k), and Georgia ($558k).

Imports In 2022, Azerbaijan imported $101M in Iron Structures, becoming the 83rd largest importer of Iron Structures in the world. At the same year, Iron Structures was the 23rd most imported product in Azerbaijan. Azerbaijan imports Iron Structures primarily from: Turkey ($59.3M), Russia ($19.5M), Iran ($6.69M), United Arab Emirates ($4.17M), and China ($2.19M).

The fastest growing import markets in Iron Structures for Azerbaijan between 2021 and 2022 were Turkey ($18.9M), Russia ($4.65M), and Iran ($3.46M).

Latest Trends

Nov 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 Iron Structures. 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)$6.01M
IMPORTS (2022)$101M
NET TRADE (2022)-$95.5M

In 2022, Azerbaijan exported $6.01M in Iron Structures. The main destinations of Azerbaijan exports on Iron Structures were Russia ($3.25M), Uzbekistan ($905k), Georgia ($572k), Turkmenistan ($547k), and United States ($406k).

In 2022, Azerbaijan imported $101M in Iron Structures, mainly from Turkey ($59.3M), Russia ($19.5M), Iran ($6.69M), United Arab Emirates ($4.17M), and China ($2.19M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Structures EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Russia$2.88M (773%)
Uzbekistan$902k (33.5k%)
Georgia$558k (4.02k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Structures BY Azerbaijan WERE (2021 - 2022):
Qatar-$180k (-100%)
Iran-$177k (-77%)
Senegal-$73.6k (-88.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Iron Structures were:
China $18.3B
Germany $5.23B
Poland $3.63B
In 2022, Azerbaijan's main importing competitors in Iron Structures were:

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Trade Value of Iron Structures by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $1.79M
TOP IMPORT POTENTIALChina+ $7.75M

Iron Structures’s highest export potential is Russia. With an export gap of $1.79M.   Iron Structures’s highest import potential is China with an import gap of $7.75M.

See methodology.

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