2022
Exports
$50.1MWorld Rnk 59 / 162
Flag Rnk 21 / 848
2022
PRODUCT COMPLEXITY IN Raw Iron Bars
-1.3Rnk 911 / 1025
2022
Imports
$25MWorld Rnk 112 / 217
Flag Rnk 141 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $50.1M in Raw Iron Bars, making it the 59th largest exporter of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 21st most exported product in Azerbaijan. The main destination of Raw Iron Bars exports from Azerbaijan are: Georgia ($49.3M), Latvia ($309k), Estonia ($241k), Poland ($149k), and Bulgaria ($103k).

The fastest growing export markets for Raw Iron Bars of Azerbaijan between 2021 and 2022 were Georgia ($18.6M), Latvia ($309k), and Estonia ($241k).

Imports In 2022, Azerbaijan imported $25M in Raw Iron Bars, becoming the 112th largest importer of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 141st most imported product in Azerbaijan. Azerbaijan imports Raw Iron Bars primarily from: Russia ($18.2M), Iran ($2.81M), Georgia ($1.54M), Turkey ($946k), and Ukraine ($731k).

The fastest growing import markets in Raw Iron Bars for Azerbaijan between 2021 and 2022 were Belarus ($251k), Germany ($123k), and Sweden ($13.8k).

Historical Data

Trade Balance

Color
EXPORTS (2022)$50.1M
IMPORTS (2022)$25M
NET TRADE (2022)$25.1M

In 2022, Azerbaijan exported $50.1M in Raw Iron Bars. The main destinations of Azerbaijan exports on Raw Iron Bars were Georgia ($49.3M), Latvia ($309k), Estonia ($241k), Poland ($149k), and Bulgaria ($103k).

In 2022, Azerbaijan imported $25M in Raw Iron Bars, mainly from Russia ($18.2M), Iran ($2.81M), Georgia ($1.54M), Turkey ($946k), and Ukraine ($731k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Iron Bars EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Georgia$18.6M (60.7%)
Latvia$309k (1%)
Estonia$241k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Iron Bars BY Azerbaijan WERE (2021 - 2022):
Kazakhstan-$1.09M (-100%)
Russia-$941k (-100%)
Turkmenistan-$324k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Azerbaijan's main exporting competitors in Raw Iron Bars were:
Turkey $4.24B
Italy $1.71B
In 2022, Azerbaijan's main importing competitors in Raw Iron Bars were:

Explore Visualizations

Trade Value of Raw Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPoland+ $421k
TOP IMPORT POTENTIALTurkey+ $1.73M

Raw Iron Bars’s highest export potential is Poland. With an export gap of $421k.   Raw Iron Bars’s highest import potential is Turkey with an import gap of $1.73M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with