2022
Exports
$490kWorld Rnk 107 / 213
Flag Rnk 234 / 848
2022
PRODUCT COMPLEXITY IN Refrigerators
0.56Rnk 339 / 1025
2022
Imports
$90MWorld Rnk 76 / 224
Flag Rnk 29 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $490k in Refrigerators, making it the 107th largest exporter of Refrigerators in the world. At the same year, Refrigerators was the 234th most exported product in Azerbaijan. The main destination of Refrigerators exports from Azerbaijan are: Georgia ($299k), Russia ($100k), Austria ($18.3k), Japan ($14.4k), and Ukraine ($13.2k).

The fastest growing export markets for Refrigerators of Azerbaijan between 2021 and 2022 were Georgia ($192k), Russia ($63.1k), and Austria ($18.3k).

Imports In 2022, Azerbaijan imported $90M in Refrigerators, becoming the 76th largest importer of Refrigerators in the world. At the same year, Refrigerators was the 29th most imported product in Azerbaijan. Azerbaijan imports Refrigerators primarily from: Turkey ($32.7M), Thailand ($15M), Russia ($14M), China ($3.92M), and Italy ($3.58M).

The fastest growing import markets in Refrigerators for Azerbaijan between 2021 and 2022 were Turkey ($7.11M), Thailand ($2.86M), and Austria ($2.39M).

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 Refrigerators. 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)$490k
IMPORTS (2022)$90M
NET TRADE (2022)-$89.5M

In 2022, Azerbaijan exported $490k in Refrigerators. The main destinations of Azerbaijan exports on Refrigerators were Georgia ($299k), Russia ($100k), Austria ($18.3k), Japan ($14.4k), and Ukraine ($13.2k).

In 2022, Azerbaijan imported $90M in Refrigerators, mainly from Turkey ($32.7M), Thailand ($15M), Russia ($14M), China ($3.92M), and Italy ($3.58M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refrigerators EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Georgia$192k (180%)
Russia$63.1k (170%)
Austria$18.3k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refrigerators BY Azerbaijan WERE (2021 - 2022):
United States-$810k (-100%)
Turkey-$32.8k (-96.6%)
United Kingdom-$12.3k (-57.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Refrigerators were:
China $16.7B
Mexico $7.06B
Italy $4.21B
In 2022, Azerbaijan's main importing competitors in Refrigerators were:

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Trade Value of Refrigerators by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $162k
TOP IMPORT POTENTIALChina+ $8.38M

Refrigerators’s highest export potential is Russia. With an export gap of $162k.   Refrigerators’s highest import potential is China with an import gap of $8.38M.

See methodology.

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