2022
Exports
$29.1MWorld Rnk 29 / 192
Flag Rnk 29 / 848
2022
PRODUCT COMPLEXITY IN Packing Bags
-1.76Rnk 978 / 1025
2022
Imports
$4.97MWorld Rnk 127 / 223
Flag Rnk 378 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $29.1M in Packing Bags, making it the 29th largest exporter of Packing Bags in the world. At the same year, Packing Bags was the 29th most exported product in Azerbaijan. The main destination of Packing Bags exports from Azerbaijan are: Russia ($16.1M), Norway ($3.45M), Kazakhstan ($3.04M), Sweden ($2.62M), and Georgia ($1.26M).

The fastest growing export markets for Packing Bags of Azerbaijan between 2021 and 2022 were Russia ($6.02M), Norway ($1.5M), and Kazakhstan ($941k).

Imports In 2022, Azerbaijan imported $4.97M in Packing Bags, becoming the 127th largest importer of Packing Bags in the world. At the same year, Packing Bags was the 378th most imported product in Azerbaijan. Azerbaijan imports Packing Bags primarily from: Turkey ($2.17M), Iran ($1.86M), Turkmenistan ($334k), China ($208k), and Czechia ($161k).

The fastest growing import markets in Packing Bags for Azerbaijan between 2021 and 2022 were Turkey ($657k), Turkmenistan ($236k), and Czechia ($161k).

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 Packing Bags. 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)$29.1M
IMPORTS (2022)$4.97M
NET TRADE (2022)$24.1M

In 2022, Azerbaijan exported $29.1M in Packing Bags. The main destinations of Azerbaijan exports on Packing Bags were Russia ($16.1M), Norway ($3.45M), Kazakhstan ($3.04M), Sweden ($2.62M), and Georgia ($1.26M).

In 2022, Azerbaijan imported $4.97M in Packing Bags, mainly from Turkey ($2.17M), Iran ($1.86M), Turkmenistan ($334k), China ($208k), and Czechia ($161k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packing Bags EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Russia$6.02M (59.9%)
Norway$1.5M (77.4%)
Kazakhstan$941k (44.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packing Bags BY Azerbaijan WERE (2021 - 2022):
Ukraine-$1.33M (-51.7%)
Georgia-$699k (-35.6%)
Poland-$532k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Packing Bags were:
China $1.74B
India $1.39B
In 2022, Azerbaijan's main importing competitors in Packing Bags were:

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Trade Value of Packing Bags by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $549k
TOP IMPORT POTENTIALTurkey+ $383k

Packing Bags’s highest export potential is Germany. With an export gap of $549k.   Packing Bags’s highest import potential is Turkey with an import gap of $383k.

See methodology.

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