2022
Exports
$3.17MWorld Rnk 138 / 212
Flag Rnk 92 / 848
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2022
Imports
$5.33MWorld Rnk 73 / 187
Flag Rnk 364 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $3.17M in Scrap Iron, making it the 138th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 92nd most exported product in Azerbaijan. The main destination of Scrap Iron exports from Azerbaijan are: Estonia ($2.02M), Kazakhstan ($540k), Spain ($283k), Germany ($145k), and Turkey ($101k).

The fastest growing export markets for Scrap Iron of Azerbaijan between 2021 and 2022 were Kazakhstan ($540k), Iran ($74.2k), and Thailand ($2.15k).

Imports In 2022, Azerbaijan imported $5.33M in Scrap Iron, becoming the 73rd largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 364th most imported product in Azerbaijan. Azerbaijan imports Scrap Iron primarily from: Kazakhstan ($5.31M) and Iraq ($23.6k).

The fastest growing import markets in Scrap Iron for Azerbaijan between 2021 and 2022 were Kazakhstan ($3.84M) and Iraq ($23.6k).

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 Scrap Iron. 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)$3.17M
IMPORTS (2022)$5.33M
NET TRADE (2022)-$2.16M

In 2022, Azerbaijan exported $3.17M in Scrap Iron. The main destinations of Azerbaijan exports on Scrap Iron were Estonia ($2.02M), Kazakhstan ($540k), Spain ($283k), Germany ($145k), and Turkey ($101k).

In 2022, Azerbaijan imported $5.33M in Scrap Iron, mainly from Kazakhstan ($5.31M) and Iraq ($23.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Kazakhstan$540k (1%)
Iran$74.2k (1%)
Thailand$2.15k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Azerbaijan WERE (2021 - 2022):
Turkey-$1.49M (-93.6%)
Estonia-$840k (-29.3%)
Germany-$263k (-64.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Scrap Iron were:
In 2022, Azerbaijan's main importing competitors in Scrap Iron were:
Turkey $8.77B
India $5.65B
Belgium $2.84B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $471k
TOP IMPORT POTENTIALIraq+ $3.78k

Scrap Iron’s highest export potential is Turkey. With an export gap of $471k.   Scrap Iron’s highest import potential is Iraq with an import gap of $3.78k.

See methodology.

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