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Pricing

2022
Exports $3.02MWorld Rnk 36 / 104
Flag Rnk 95 / 848
2022
Destination $108k Latvia
2021 - 2022
FASTEST GROWING MARKET $108kNetherlands
2022
PRODUCT COMPLEXITY IN Stainless Steel Ingots1.08Rnk 143 / 1025
2022
Imports $59kWorld Rnk 96 / 180
Flag Rnk 981 / 1162
2022
Origin $22.5k United Kingdom
2021 - 2022
FASTEST GROWING ORIGIN $22.5kTurkey
2022
ECONOMIC COMPLEXITY of Azerbaijan-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $3.02M in Stainless Steel Ingots, making it the 36th largest exporter of Stainless Steel Ingots in the world. At the same year, Stainless Steel Ingots was the 95th most exported product in Azerbaijan. The main destination of Stainless Steel Ingots exports from Azerbaijan are: Latvia ($1.25M), Estonia ($1.23M), Turkey ($196k), Spain ($166k), and Netherlands ($108k).

The fastest growing export markets for Stainless Steel Ingots of Azerbaijan between 2021 and 2022 were Netherlands ($108k), Turkey ($96.2k), and United Kingdom ($41.8k).

Imports In 2022, Azerbaijan imported $59k in Stainless Steel Ingots, becoming the 96th largest importer of Stainless Steel Ingots in the world. At the same year, Stainless Steel Ingots was the 981st most imported product in Azerbaijan. Azerbaijan imports Stainless Steel Ingots primarily from: United Kingdom ($34.3k), Turkey ($22.5k), and China ($2.17k).

The fastest growing import markets in Stainless Steel Ingots for Azerbaijan between 2021 and 2022 were Turkey ($22.5k), United Kingdom ($13.2k), and China ($2.17k).

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 Stainless Steel Ingots. 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)$3.02M
IMPORTS (2022)$59k
NET TRADE (2022)$2.97M

In 2022, Azerbaijan exported $3.02M in Stainless Steel Ingots. The main destinations of Azerbaijan exports on Stainless Steel Ingots were Latvia ($1.25M), Estonia ($1.23M), Turkey ($196k), Spain ($166k), and Netherlands ($108k).

In 2022, Azerbaijan imported $59k in Stainless Steel Ingots, mainly from United Kingdom ($34.3k), Turkey ($22.5k), and China ($2.17k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stainless Steel Ingots EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Netherlands$108k (1%)
Turkey$96.2k (96%)
United Kingdom$41.8k (102%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stainless Steel Ingots BY Azerbaijan WERE (2021 - 2022):
Latvia-$439k (-26%)
Spain-$201k (-54.9%)
Estonia-$113k (-8.44%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Stainless Steel Ingots were:
Indonesia $4.21B
United Kingdom $805M
Sweden $298M
In 2022, Azerbaijan's main importing competitors in Stainless Steel Ingots were:
China $3.12B
India $641M
Sweden $541M

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Trade Value of Stainless Steel Ingots by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALTurkey+ $148k
TOP IMPORT POTENTIALUnited Kingdom+ $25.2k

Stainless Steel Ingots’s highest export potential is Turkey. With an export gap of $148k.   Stainless Steel Ingots’s highest import potential is United Kingdom with an import gap of $25.2k.

See methodology.

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