2022
Exports
$41.1kWorld Rnk 119 / 203
Flag Rnk 455 / 848
2022
PRODUCT COMPLEXITY IN Knit Socks and Hosiery
-0.71Rnk 761 / 1025
2022
Imports
$15.3MWorld Rnk 75 / 218
Flag Rnk 202 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $41.1k in Knit Socks and Hosiery, making it the 119th largest exporter of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 455th most exported product in Azerbaijan. The main destination of Knit Socks and Hosiery exports from Azerbaijan are: Ukraine ($27.2k), Italy ($6.95k), Georgia ($2.94k), Croatia ($1.49k), and Netherlands ($1.13k).

The fastest growing export markets for Knit Socks and Hosiery of Azerbaijan between 2021 and 2022 were Ukraine ($27.2k), Georgia ($1.42k), and Croatia ($1.11k).

Imports In 2022, Azerbaijan imported $15.3M in Knit Socks and Hosiery, becoming the 75th largest importer of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 202nd most imported product in Azerbaijan. Azerbaijan imports Knit Socks and Hosiery primarily from: China ($9.76M), Turkey ($3.19M), Italy ($636k), Russia ($417k), and Germany ($286k).

The fastest growing import markets in Knit Socks and Hosiery for Azerbaijan between 2021 and 2022 were Italy ($169k), Pakistan ($111k), and Germany ($80.2k).

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 Knit Socks and Hosiery. 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)$41.1k
IMPORTS (2022)$15.3M
NET TRADE (2022)-$15.2M

In 2022, Azerbaijan exported $41.1k in Knit Socks and Hosiery. The main destinations of Azerbaijan exports on Knit Socks and Hosiery were Ukraine ($27.2k), Italy ($6.95k), Georgia ($2.94k), Croatia ($1.49k), and Netherlands ($1.13k).

In 2022, Azerbaijan imported $15.3M in Knit Socks and Hosiery, mainly from China ($9.76M), Turkey ($3.19M), Italy ($636k), Russia ($417k), and Germany ($286k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Socks and Hosiery EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Ukraine$27.2k (1%)
Georgia$1.42k (93.3%)
Croatia$1.11k (298%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Socks and Hosiery BY Azerbaijan WERE (2021 - 2022):
Russia-$12.3k (-100%)
Italy-$9.82k (-58.6%)
Jordan-$8.7k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Knit Socks and Hosiery were:
China $7.01B
Turkey $1.38B
In 2022, Azerbaijan's main importing competitors in Knit Socks and Hosiery were:

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Trade Value of Knit Socks and Hosiery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALItaly+ $12.8k
TOP IMPORT POTENTIALChina+ $2.46M

Knit Socks and Hosiery’s highest export potential is Italy. With an export gap of $12.8k.   Knit Socks and Hosiery’s highest import potential is China with an import gap of $2.46M.

See methodology.

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