2023
Exports
$24.4MWorld Rnk 26 / 190
Flag Rnk 34 / 841
2023
PRODUCT COMPLEXITY IN Packing Bags
-1.73Rnk 976 / 1025
2023
Imports
$5.89MWorld Rnk 113 / 222
Flag Rnk 385 / 1170
2023
ECONOMIC COMPLEXITY of Azerbaijan
-0.43Rnk 84 / 132

About

Exports In 2023, Azerbaijan exported $24.4M in Packing Bags, making it the 26th largest exporter of Packing Bags in the world. At the same year, Packing Bags was the 34th most exported product in Azerbaijan. The main destination of Packing Bags exports from Azerbaijan are: Russia ($14.3M), Kazakhstan ($2.59M), Norway ($2.28M), Georgia ($2.2M), and Sweden ($1.34M).

The fastest growing export markets for Packing Bags of Azerbaijan between 2022 and 2023 were Georgia ($504k), Lithuania ($225k), and Uzbekistan ($46.2k).

Imports In 2023, Azerbaijan imported $5.89M in Packing Bags, becoming the 113th largest importer of Packing Bags in the world. At the same year, Packing Bags was the 385th most imported product in Azerbaijan. Azerbaijan imports Packing Bags primarily from: Iran ($3.07M), Turkey ($1.61M), China ($518k), Turkmenistan ($348k), and Czechia ($185k).

The fastest growing import markets in Packing Bags for Azerbaijan between 2022 and 2023 were China ($361k), Czechia ($10.5k), and Switzerland ($9.53k).

Latest Trends

Dec 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 (2023)$24.4M
IMPORTS (2023)$5.89M
NET TRADE (2023)$18.5M

In 2023, Azerbaijan exported $24.4M in Packing Bags. The main destinations of Azerbaijan exports on Packing Bags were Russia ($14.3M), Kazakhstan ($2.59M), Norway ($2.28M), Georgia ($2.2M), and Sweden ($1.34M).

In 2023, Azerbaijan imported $5.89M in Packing Bags, mainly from Iran ($3.07M), Turkey ($1.61M), China ($518k), Turkmenistan ($348k), and Czechia ($185k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packing Bags EXPORT MARKETS FOR Azerbaijan WERE (2022 - 2023):
Georgia$504k (29.7%)
Lithuania$225k (184%)
Uzbekistan$46.2k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packing Bags BY Azerbaijan WERE (2022 - 2023):
Russia-$1.81M (-11.2%)
Sweden-$1.28M (-48.9%)
Norway-$1.17M (-33.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Azerbaijan's main exporting competitors in Packing Bags were:
China $1.42B
India $1.14B
In 2023, 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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