2023
Exports
$3.06kWorld Rnk 125 / 163
Flag Rnk 660 / 841
2023
PRODUCT COMPLEXITY IN Silicone
1.64Rnk 28 / 1025
2023
Imports
$2.12MWorld Rnk 95 / 216
Flag Rnk 560 / 1170
2023
ECONOMIC COMPLEXITY of Azerbaijan
-0.43Rnk 84 / 132

About

Exports In 2023, Azerbaijan exported $3.06k in Silicone, making it the 125th largest exporter of Silicone in the world. At the same year, Silicone was the 660th most exported product in Azerbaijan. The main destination of Silicone exports from Azerbaijan are: Russia ($1.3k), Netherlands ($1.18k), United Arab Emirates ($366), Namibia ($176), and Germany ($33).

The fastest growing export markets for Silicone of Azerbaijan between 2022 and 2023 were Russia ($1.29k), Netherlands ($630), and United Arab Emirates ($366).

Imports In 2023, Azerbaijan imported $2.12M in Silicone, becoming the 95th largest importer of Silicone in the world. At the same year, Silicone was the 560th most imported product in Azerbaijan. Azerbaijan imports Silicone primarily from: Turkey ($617k), China ($558k), United Arab Emirates ($413k), United States ($106k), and Norway ($71.6k).

The fastest growing import markets in Silicone for Azerbaijan between 2022 and 2023 were United Arab Emirates ($408k), Turkey ($209k), and Norway ($71.1k).

Latest Trends

Jan 2025

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 Silicone. 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 (2023)$3.06k
IMPORTS (2023)$2.12M
NET TRADE (2023)-$2.11M

In 2023, Azerbaijan exported $3.06k in Silicone. The main destinations of Azerbaijan exports on Silicone were Russia ($1.3k), Netherlands ($1.18k), United Arab Emirates ($366), Namibia ($176), and Germany ($33).

In 2023, Azerbaijan imported $2.12M in Silicone, mainly from Turkey ($617k), China ($558k), United Arab Emirates ($413k), United States ($106k), and Norway ($71.6k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Silicone EXPORT MARKETS FOR Azerbaijan WERE (2022 - 2023):
Russia$1.29k (11.7k%)
Netherlands$630 (114%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicone BY Azerbaijan WERE (2022 - 2023):Eswatini-$4 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Azerbaijan's main exporting competitors in Silicone were:
In 2023, Azerbaijan's main importing competitors in Silicone were:

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Trade Value of Silicone by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $1.21k
TOP IMPORT POTENTIALChina+ $729k

Silicone’s highest export potential is Netherlands. With an export gap of $1.21k.   Silicone’s highest import potential is China with an import gap of $729k.

See methodology.

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