2022
Exports
$110kWorld Rnk 79 / 200
Flag Rnk 378 / 848
2022
PRODUCT COMPLEXITY IN Wrenches
1.67Rnk 30 / 1025
2022
Imports
$2.24MWorld Rnk 100 / 219
Flag Rnk 524 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $110k in Wrenches, making it the 79th largest exporter of Wrenches in the world. At the same year, Wrenches was the 378th most exported product in Azerbaijan. The main destination of Wrenches exports from Azerbaijan are: United Arab Emirates ($43.9k), Oman ($39k), United Kingdom ($10.5k), Saudi Arabia ($3.09k), and Turkey ($2.99k).

The fastest growing export markets for Wrenches of Azerbaijan between 2021 and 2022 were United Arab Emirates ($43.8k), Oman ($37.4k), and Saudi Arabia ($3.09k).

Imports In 2022, Azerbaijan imported $2.24M in Wrenches, becoming the 100th largest importer of Wrenches in the world. At the same year, Wrenches was the 524th most imported product in Azerbaijan. Azerbaijan imports Wrenches primarily from: China ($1M), Turkey ($276k), United Kingdom ($218k), Chinese Taipei ($147k), and Russia ($105k).

The fastest growing import markets in Wrenches for Azerbaijan between 2021 and 2022 were China ($142k), United Kingdom ($95.6k), and Switzerland ($66.3k).

Latest Trends

Sep 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 Wrenches. 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)$110k
IMPORTS (2022)$2.24M
NET TRADE (2022)-$2.13M

In 2022, Azerbaijan exported $110k in Wrenches. The main destinations of Azerbaijan exports on Wrenches were United Arab Emirates ($43.9k), Oman ($39k), United Kingdom ($10.5k), Saudi Arabia ($3.09k), and Turkey ($2.99k).

In 2022, Azerbaijan imported $2.24M in Wrenches, mainly from China ($1M), Turkey ($276k), United Kingdom ($218k), Chinese Taipei ($147k), and Russia ($105k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
United Arab Emirates$43.8k (548k%)
Oman$37.4k (2.33k%)
Saudi Arabia$3.09k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Azerbaijan WERE (2021 - 2022):
Norway-$13k (-89.1%)
Egypt-$9.97k (-100%)
Tunisia-$3.62k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Wrenches by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited Kingdom+ $11.1k
TOP IMPORT POTENTIALChina+ $402k

Wrenches’s highest export potential is United Kingdom. With an export gap of $11.1k.   Wrenches’s highest import potential is China with an import gap of $402k.

See methodology.

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