2022
Exports
$2.59MWorld Rnk 129 / 223
Flag Rnk 47 / 95
2022
PRODUCT COMPLEXITY IN Pharmaceutical products
1.38Rnk 75 / 1025
2022
Imports
$460MWorld Rnk 92 / 226
Flag Rnk 7 / 96
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $2.59M in Pharmaceutical products, making it the 129th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 47th most exported product in Azerbaijan. The main destination of Pharmaceutical products exports from Azerbaijan are: Moldova ($850k), Switzerland ($484k), Georgia ($349k), Latvia ($325k), and Turkey ($221k).

The fastest growing export markets for Pharmaceutical products of Azerbaijan between 2021 and 2022 were Moldova ($850k), Latvia ($112k), and Switzerland ($77.1k).

Imports In 2022, Azerbaijan imported $460M in Pharmaceutical products, becoming the 92nd largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 7th most imported product in Azerbaijan. Azerbaijan imports Pharmaceutical products primarily from: Turkey ($67.6M), Germany ($47.9M), Switzerland ($36.7M), Russia ($33.8M), and China ($32.4M).

The fastest growing import markets in Pharmaceutical products for Azerbaijan between 2021 and 2022 were Switzerland ($27.7M), India ($13M), and Germany ($6.72M).

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 Pharmaceutical 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)$2.59M
IMPORTS (2022)$460M
NET TRADE (2022)-$458M

In 2022, Azerbaijan exported $2.59M in Pharmaceutical products. The main destinations of Azerbaijan exports on Pharmaceutical products were Moldova ($850k), Switzerland ($484k), Georgia ($349k), Latvia ($325k), and Turkey ($221k).

In 2022, Azerbaijan imported $460M in Pharmaceutical products, mainly from Turkey ($67.6M), Germany ($47.9M), Switzerland ($36.7M), Russia ($33.8M), and China ($32.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Moldova$850k (1%)
Latvia$112k (53%)
Switzerland$77.1k (18.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Azerbaijan WERE (2021 - 2022):
Russia-$2.91M (-96.5%)
Turkey-$1.06M (-82.8%)
Tajikistan-$130k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSwitzerland+ $586k
TOP IMPORT POTENTIALGermany+ $39.4M

Pharmaceutical products’s highest export potential is Switzerland. With an export gap of $586k.   Pharmaceutical products’s highest import potential is Germany with an import gap of $39.4M.

See methodology.

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