2022
Exports
$137kWorld Rnk 125 / 221
Flag Rnk 358 / 848
2022
PRODUCT COMPLEXITY IN Knit Sweaters
-1.3Rnk 909 / 1025
2022
Imports
$24.9MWorld Rnk 86 / 218
Flag Rnk 142 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $137k in Knit Sweaters, making it the 125th largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 358th most exported product in Azerbaijan. The main destination of Knit Sweaters exports from Azerbaijan are: Georgia ($89.3k), Italy ($19.3k), Spain ($10k), Russia ($8.42k), and Turkey ($3.43k).

The fastest growing export markets for Knit Sweaters of Azerbaijan between 2021 and 2022 were Georgia ($72.4k), Russia ($8.42k), and Hong Kong ($2.53k).

Imports In 2022, Azerbaijan imported $24.9M in Knit Sweaters, becoming the 86th largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 142nd most imported product in Azerbaijan. Azerbaijan imports Knit Sweaters primarily from: Turkey ($8.81M), Italy ($3.87M), China ($3.26M), Bangladesh ($2.55M), and Spain ($1.51M).

The fastest growing import markets in Knit Sweaters for Azerbaijan between 2021 and 2022 were China ($1.43M), Bangladesh ($915k), and Spain ($476k).

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 Sweaters. 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)$137k
IMPORTS (2022)$24.9M
NET TRADE (2022)-$24.8M

In 2022, Azerbaijan exported $137k in Knit Sweaters. The main destinations of Azerbaijan exports on Knit Sweaters were Georgia ($89.3k), Italy ($19.3k), Spain ($10k), Russia ($8.42k), and Turkey ($3.43k).

In 2022, Azerbaijan imported $24.9M in Knit Sweaters, mainly from Turkey ($8.81M), Italy ($3.87M), China ($3.26M), Bangladesh ($2.55M), and Spain ($1.51M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Georgia$72.4k (429%)
Russia$8.42k (1%)
Hong Kong$2.53k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY Azerbaijan WERE (2021 - 2022):
Jordan-$62.2k (-100%)
Spain-$3.72k (-27.1%)
Turkey-$3.21k (-48.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Knit Sweaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $35.4k
TOP IMPORT POTENTIALChina+ $5.15M

Knit Sweaters’s highest export potential is Italy. With an export gap of $35.4k.   Knit Sweaters’s highest import potential is China with an import gap of $5.15M.

See methodology.

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