2022
Exports
$3.82MWorld Rnk 58 / 144
Flag Rnk 81 / 848
2022
PRODUCT COMPLEXITY IN Silver
-0.98Rnk 832 / 1025
2022
Imports
$541kWorld Rnk 90 / 182
Flag Rnk 764 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $3.82M in Silver, making it the 58th largest exporter of Silver in the world. At the same year, Silver was the 81st most exported product in Azerbaijan. The main destination of Silver exports from Azerbaijan are: Switzerland ($3.82M).

The fastest growing export markets for Silver of Azerbaijan between 2021 and 2022 were Switzerland ($1.74M).

Imports In 2022, Azerbaijan imported $541k in Silver, becoming the 90th largest importer of Silver in the world. At the same year, Silver was the 764th most imported product in Azerbaijan. Azerbaijan imports Silver primarily from: Switzerland ($533k), Turkey ($5.77k), Malaysia ($948), Netherlands ($768), and United Arab Emirates ($381).

The fastest growing import markets in Silver for Azerbaijan between 2021 and 2022 were Turkey ($4.58k), Malaysia ($948), and Netherlands ($768).

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 Silver. 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)$3.82M
IMPORTS (2022)$541k
NET TRADE (2022)$3.28M

In 2022, Azerbaijan exported $3.82M in Silver. The main destinations of Azerbaijan exports on Silver were Switzerland ($3.82M).

In 2022, Azerbaijan imported $541k in Silver, mainly from Switzerland ($533k), Turkey ($5.77k), Malaysia ($948), Netherlands ($768), and United Arab Emirates ($381).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silver EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):Switzerland$1.74M (83.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silver BY Azerbaijan WERE (2021 - 2022):
Turkey-$130k (-100%)
Senegal-$553 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Silver by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSwitzerland+ $276k
TOP IMPORT POTENTIALSwitzerland+ $44.4k

Silver’s highest export potential is Switzerland. With an export gap of $276k.   Silver’s highest import potential is Switzerland with an import gap of $44.4k.

See methodology.

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