2022
Exports
$6.03kWorld Rnk 116 / 163
Flag Rnk 632 / 848
2022
PRODUCT COMPLEXITY IN Labels
-0.16Rnk 599 / 1025
2022
Imports
$194kWorld Rnk 118 / 211
Flag Rnk 892 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $6.03k in Labels, making it the 116th largest exporter of Labels in the world. At the same year, Labels was the 632nd most exported product in Azerbaijan. The main destination of Labels exports from Azerbaijan are: Turkey ($5.9k), Netherlands ($123), and Georgia ($6).

The fastest growing export markets for Labels of Azerbaijan between 2021 and 2022 were Turkey ($5.89k), Netherlands ($123), and Georgia ($6).

Imports In 2022, Azerbaijan imported $194k in Labels, becoming the 118th largest importer of Labels in the world. At the same year, Labels was the 892nd most imported product in Azerbaijan. Azerbaijan imports Labels primarily from: Turkey ($121k), China ($58k), United Kingdom ($3.66k), Hong Kong ($3.2k), and Iran ($2.05k).

The fastest growing import markets in Labels for Azerbaijan between 2021 and 2022 were China ($23.2k), Hong Kong ($1.91k), and Estonia ($1.1k).

Latest Trends

Sep 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 Labels. 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)$6.03k
IMPORTS (2022)$194k
NET TRADE (2022)-$188k

In 2022, Azerbaijan exported $6.03k in Labels. The main destinations of Azerbaijan exports on Labels were Turkey ($5.9k), Netherlands ($123), and Georgia ($6).

In 2022, Azerbaijan imported $194k in Labels, mainly from Turkey ($121k), China ($58k), United Kingdom ($3.66k), Hong Kong ($3.2k), and Iran ($2.05k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Labels EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Turkey$5.89k (49.1k%)
Netherlands$123 (1%)
Georgia$6 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Labels BY Azerbaijan WERE (2021 - 2022):United States-$6 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Labels by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $5.11k
TOP IMPORT POTENTIALChina+ $49.4k

Labels’s highest export potential is Turkey. With an export gap of $5.11k.   Labels’s highest import potential is China with an import gap of $49.4k.

See methodology.

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