2022
Exports
$31.7kWorld Rnk 139 / 207
Flag Rnk 482 / 848
2022
PRODUCT COMPLEXITY IN Knit Men's Suits
-1.32Rnk 915 / 1025
2022
Imports
$11MWorld Rnk 98 / 221
Flag Rnk 249 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $31.7k in Knit Men's Suits, making it the 139th largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 482nd most exported product in Azerbaijan. The main destination of Knit Men's Suits exports from Azerbaijan are: Russia ($23.5k), Turkey ($2.71k), Netherlands ($1.87k), Georgia ($1.31k), and Spain ($962).

The fastest growing export markets for Knit Men's Suits of Azerbaijan between 2021 and 2022 were Russia ($23.5k), Georgia ($1.21k), and Spain ($962).

Imports In 2022, Azerbaijan imported $11M in Knit Men's Suits, becoming the 98th largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 249th most imported product in Azerbaijan. Azerbaijan imports Knit Men's Suits primarily from: China ($5.39M), Turkey ($2.56M), Italy ($792k), Bangladesh ($435k), and Cambodia ($276k).

The fastest growing import markets in Knit Men's Suits for Azerbaijan between 2021 and 2022 were China ($971k), Turkey ($362k), and Italy ($244k).

Latest Trends

Oct 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 Knit Men's Suits. 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)$31.7k
IMPORTS (2022)$11M
NET TRADE (2022)-$11M

In 2022, Azerbaijan exported $31.7k in Knit Men's Suits. The main destinations of Azerbaijan exports on Knit Men's Suits were Russia ($23.5k), Turkey ($2.71k), Netherlands ($1.87k), Georgia ($1.31k), and Spain ($962).

In 2022, Azerbaijan imported $11M in Knit Men's Suits, mainly from China ($5.39M), Turkey ($2.56M), Italy ($792k), Bangladesh ($435k), and Cambodia ($276k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Russia$23.5k (1%)
Georgia$1.21k (1.25k%)
Spain$962 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY Azerbaijan WERE (2021 - 2022):
Jordan-$2.08k (-100%)
Latvia-$248 (-95.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Knit Men's Suits were:
In 2022, Azerbaijan's main importing competitors in Knit Men's Suits were:

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Trade Value of Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALRussia+ $25.8k
TOP IMPORT POTENTIALChina+ $1.67M

Knit Men's Suits’s highest export potential is Russia. With an export gap of $25.8k.   Knit Men's Suits’s highest import potential is China with an import gap of $1.67M.

See methodology.

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