2022
Exports
$6.94kWorld Rnk 149 / 208
Flag Rnk 624 / 848
2022
PRODUCT COMPLEXITY IN Knitted Hats
-1.26Rnk 897 / 1025
2022
Imports
$2.54MWorld Rnk 97 / 220
Flag Rnk 498 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $6.94k in Knitted Hats, making it the 149th largest exporter of Knitted Hats in the world. At the same year, Knitted Hats was the 624th most exported product in Azerbaijan. The main destination of Knitted Hats exports from Azerbaijan are: Georgia ($4.99k), Turkey ($1.04k), Netherlands ($457), Lithuania ($303), and Turkmenistan ($125).

The fastest growing export markets for Knitted Hats of Azerbaijan between 2021 and 2022 were Georgia ($4.62k), Turkey ($960), and Lithuania ($252).

Imports In 2022, Azerbaijan imported $2.54M in Knitted Hats, becoming the 97th largest importer of Knitted Hats in the world. At the same year, Knitted Hats was the 498th most imported product in Azerbaijan. Azerbaijan imports Knitted Hats primarily from: Turkey ($957k), China ($693k), Germany ($161k), Georgia ($146k), and Italy ($137k).

The fastest growing import markets in Knitted Hats for Azerbaijan between 2021 and 2022 were Turkey ($490k), China ($256k), and Georgia ($140k).

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 Knitted Hats. 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)$6.94k
IMPORTS (2022)$2.54M
NET TRADE (2022)-$2.54M

In 2022, Azerbaijan exported $6.94k in Knitted Hats. The main destinations of Azerbaijan exports on Knitted Hats were Georgia ($4.99k), Turkey ($1.04k), Netherlands ($457), Lithuania ($303), and Turkmenistan ($125).

In 2022, Azerbaijan imported $2.54M in Knitted Hats, mainly from Turkey ($957k), China ($693k), Germany ($161k), Georgia ($146k), and Italy ($137k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitted Hats EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Georgia$4.62k (1.26k%)
Turkey$960 (1.2k%)
Lithuania$252 (494%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted Hats BY Azerbaijan WERE (2021 - 2022):
Jordan-$2.22k (-100%)
Italy-$178 (-100%)
Russia-$160 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Knitted Hats were:
In 2022, Azerbaijan's main importing competitors in Knitted Hats were:

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Trade Value of Knitted Hats by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALTurkey+ $2.37k
TOP IMPORT POTENTIALChina+ $787k

Knitted Hats’s highest export potential is Turkey. With an export gap of $2.37k.   Knitted Hats’s highest import potential is China with an import gap of $787k.

See methodology.

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