2022
Exports
$1.81kWorld Rnk 127 / 148
Flag Rnk 699 / 848
2022
PRODUCT COMPLEXITY IN Rock Wool
0.63Rnk 307 / 1025
2022
Imports
$7.81MWorld Rnk 73 / 215
Flag Rnk 300 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $1.81k in Rock Wool, making it the 127th largest exporter of Rock Wool in the world. At the same year, Rock Wool was the 699th most exported product in Azerbaijan. The main destination of Rock Wool exports from Azerbaijan are: Georgia ($713), Belgium ($454), Turkey ($413), and Qatar ($229).

The fastest growing export markets for Rock Wool of Azerbaijan between 2021 and 2022 were Belgium ($454) and Qatar ($229).

Imports In 2022, Azerbaijan imported $7.81M in Rock Wool, becoming the 73rd largest importer of Rock Wool in the world. At the same year, Rock Wool was the 300th most imported product in Azerbaijan. Azerbaijan imports Rock Wool primarily from: Russia ($3.91M), Turkey ($2.26M), United Arab Emirates ($357k), United Kingdom ($342k), and Spain ($297k).

The fastest growing import markets in Rock Wool for Azerbaijan between 2021 and 2022 were Russia ($878k), Spain ($270k), and China ($153k).

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 Rock Wool. 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)$1.81k
IMPORTS (2022)$7.81M
NET TRADE (2022)-$7.81M

In 2022, Azerbaijan exported $1.81k in Rock Wool. The main destinations of Azerbaijan exports on Rock Wool were Georgia ($713), Belgium ($454), Turkey ($413), and Qatar ($229).

In 2022, Azerbaijan imported $7.81M in Rock Wool, mainly from Russia ($3.91M), Turkey ($2.26M), United Arab Emirates ($357k), United Kingdom ($342k), and Spain ($297k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rock Wool EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Belgium$454 (1%)
Qatar$229 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rock Wool BY Azerbaijan WERE (2021 - 2022):
Georgia-$1.07k (-60%)
Kazakhstan-$410 (-100%)
Turkey-$287 (-41%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Rock Wool were:
In 2022, Azerbaijan's main importing competitors in Rock Wool were:

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Trade Value of Rock Wool by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $1.33k
TOP IMPORT POTENTIALChina+ $295k

Rock Wool’s highest export potential is Turkey. With an export gap of $1.33k.   Rock Wool’s highest import potential is China with an import gap of $295k.

See methodology.

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