2022
Exports
$2.87MWorld Rnk 97 / 222
Flag Rnk 96 / 848
2022
PRODUCT COMPLEXITY IN Other Iron Products
0.8Rnk 243 / 1025
2022
Imports
$58.1MWorld Rnk 86 / 225
Flag Rnk 56 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $2.87M in Other Iron Products, making it the 97th largest exporter of Other Iron Products in the world. At the same year, Other Iron Products was the 96th most exported product in Azerbaijan. The main destination of Other Iron Products exports from Azerbaijan are: United Kingdom ($562k), Turkmenistan ($559k), Turkey ($516k), Romania ($314k), and United Arab Emirates ($310k).

The fastest growing export markets for Other Iron Products of Azerbaijan between 2021 and 2022 were Turkmenistan ($525k), United Kingdom ($485k), and Turkey ($476k).

Imports In 2022, Azerbaijan imported $58.1M in Other Iron Products, becoming the 86th largest importer of Other Iron Products in the world. At the same year, Other Iron Products was the 56th most imported product in Azerbaijan. Azerbaijan imports Other Iron Products primarily from: Turkey ($22.4M), United Kingdom ($5.75M), Russia ($5.55M), China ($5.06M), and Norway ($4.76M).

The fastest growing import markets in Other Iron Products for Azerbaijan between 2021 and 2022 were Turkey ($12.2M), Iran ($1.89M), and China ($1.44M).

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 Other Iron Products. 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)$2.87M
IMPORTS (2022)$58.1M
NET TRADE (2022)-$55.2M

In 2022, Azerbaijan exported $2.87M in Other Iron Products. The main destinations of Azerbaijan exports on Other Iron Products were United Kingdom ($562k), Turkmenistan ($559k), Turkey ($516k), Romania ($314k), and United Arab Emirates ($310k).

In 2022, Azerbaijan imported $58.1M in Other Iron Products, mainly from Turkey ($22.4M), United Kingdom ($5.75M), Russia ($5.55M), China ($5.06M), and Norway ($4.76M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Iron Products EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Turkmenistan$525k (1.54k%)
United Kingdom$485k (627%)
Turkey$476k (1.21k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Iron Products BY Azerbaijan WERE (2021 - 2022):
China-$330k (-96.7%)
Russia-$102k (-59.8%)
Saudi Arabia-$69k (-85.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Other Iron Products were:
In 2022, Azerbaijan's main importing competitors in Other Iron Products were:

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Trade Value of Other Iron Products by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALTurkey+ $563k
TOP IMPORT POTENTIALChina+ $10.1M

Other Iron Products’s highest export potential is Turkey. With an export gap of $563k.   Other Iron Products’s highest import potential is China with an import gap of $10.1M.

See methodology.

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