2022
Exports
$18.6kWorld Rnk 124 / 162
Flag Rnk 538 / 848
2022
PRODUCT COMPLEXITY IN Precious Stones
-1.14Rnk 866 / 1025
2022
Imports
$11.9kWorld Rnk 146 / 185
Flag Rnk 1068 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $18.6k in Precious Stones, making it the 124th largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 538th most exported product in Azerbaijan. The main destination of Precious Stones exports from Azerbaijan are: United States ($18.6k).

The fastest growing export markets for Precious Stones of Azerbaijan between 2021 and 2022 were United States ($18.6k).

Imports In 2022, Azerbaijan imported $11.9k in Precious Stones, becoming the 146th largest importer of Precious Stones in the world. At the same year, Precious Stones was the 1068th most imported product in Azerbaijan. Azerbaijan imports Precious Stones primarily from: Colombia ($10k), United Kingdom ($1.18k), Switzerland ($478), China ($186), and India ($30).

The fastest growing import markets in Precious Stones for Azerbaijan between 2021 and 2022 were Colombia ($10k), Switzerland ($478), and China ($186).

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 Precious Stones. 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)$18.6k
IMPORTS (2022)$11.9k
NET TRADE (2022)$6.77k

In 2022, Azerbaijan exported $18.6k in Precious Stones. The main destinations of Azerbaijan exports on Precious Stones were United States ($18.6k).

In 2022, Azerbaijan imported $11.9k in Precious Stones, mainly from Colombia ($10k), United Kingdom ($1.18k), Switzerland ($478), China ($186), and India ($30).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):United States$18.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY Azerbaijan WERE (2021 - 2022):Thailand-$1 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Precious Stones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $30k
TOP IMPORT POTENTIALColombia+ $5.74k

Precious Stones’s highest export potential is United States. With an export gap of $30k.   Precious Stones’s highest import potential is Colombia with an import gap of $5.74k.

See methodology.

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