2022
Exports
$7.3kWorld Rnk 140 / 209
Flag Rnk 622 / 848
2022
PRODUCT COMPLEXITY IN Padlocks
0.82Rnk 236 / 1025
2022
Imports
$7.67MWorld Rnk 108 / 223
Flag Rnk 302 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $7.3k in Padlocks, making it the 140th largest exporter of Padlocks in the world. At the same year, Padlocks was the 622nd most exported product in Azerbaijan. The main destination of Padlocks exports from Azerbaijan are: Sweden ($1.38k), Georgia ($1.29k), Turkey ($1.22k), China ($1.11k), and Oman ($653).

The fastest growing export markets for Padlocks of Azerbaijan between 2021 and 2022 were Sweden ($1.38k), Turkey ($1.22k), and China ($1.11k).

Imports In 2022, Azerbaijan imported $7.67M in Padlocks, becoming the 108th largest importer of Padlocks in the world. At the same year, Padlocks was the 302nd most imported product in Azerbaijan. Azerbaijan imports Padlocks primarily from: China ($3.74M), Turkey ($1.61M), Russia ($537k), Ireland ($383k), and Germany ($319k).

The fastest growing import markets in Padlocks for Azerbaijan between 2021 and 2022 were China ($563k), Ireland ($383k), and Germany ($181k).

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 Padlocks. 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)$7.3k
IMPORTS (2022)$7.67M
NET TRADE (2022)-$7.66M

In 2022, Azerbaijan exported $7.3k in Padlocks. The main destinations of Azerbaijan exports on Padlocks were Sweden ($1.38k), Georgia ($1.29k), Turkey ($1.22k), China ($1.11k), and Oman ($653).

In 2022, Azerbaijan imported $7.67M in Padlocks, mainly from China ($3.74M), Turkey ($1.61M), Russia ($537k), Ireland ($383k), and Germany ($319k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Padlocks EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Sweden$1.38k (1%)
Turkey$1.22k (1%)
China$1.11k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Padlocks BY Azerbaijan WERE (2021 - 2022):
Georgia-$1.83k (-58.5%)
Turkmenistan-$245 (-100%)
France-$146 (-46.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Padlocks were:
China $5.34B
Germany $1.37B
Mexico $1.27B
In 2022, Azerbaijan's main importing competitors in Padlocks were:

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Trade Value of Padlocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.82k
TOP IMPORT POTENTIALChina+ $1.76M

Padlocks’s highest export potential is China. With an export gap of $3.82k.   Padlocks’s highest import potential is China with an import gap of $1.76M.

See methodology.

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