2022
Exports
$736World Rnk 113 / 142
Flag Rnk 742 / 848
2022
PRODUCT COMPLEXITY IN Tool Plates
1.66Rnk 31 / 1025
2022
Imports
$449kWorld Rnk 81 / 188
Flag Rnk 794 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $736 in Tool Plates, making it the 113th largest exporter of Tool Plates in the world. At the same year, Tool Plates was the 742nd most exported product in Azerbaijan. The main destination of Tool Plates exports from Azerbaijan are: Saudi Arabia ($679), Italy ($41), and United Kingdom ($16).

The fastest growing export markets for Tool Plates of Azerbaijan between 2021 and 2022 were Saudi Arabia ($679), Italy ($41), and United Kingdom ($16).

Imports In 2022, Azerbaijan imported $449k in Tool Plates, becoming the 81st largest importer of Tool Plates in the world. At the same year, Tool Plates was the 794th most imported product in Azerbaijan. Azerbaijan imports Tool Plates primarily from: Turkey ($157k), Russia ($69.2k), United States ($49.2k), South Korea ($45.8k), and China ($31k).

The fastest growing import markets in Tool Plates for Azerbaijan between 2021 and 2022 were Russia ($35.8k), South Korea ($30.9k), and China ($15.4k).

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 Tool Plates. 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)$736
IMPORTS (2022)$449k
NET TRADE (2022)-$448k

In 2022, Azerbaijan exported $736 in Tool Plates. The main destinations of Azerbaijan exports on Tool Plates were Saudi Arabia ($679), Italy ($41), and United Kingdom ($16).

In 2022, Azerbaijan imported $449k in Tool Plates, mainly from Turkey ($157k), Russia ($69.2k), United States ($49.2k), South Korea ($45.8k), and China ($31k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tool Plates EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Saudi Arabia$679 (1%)
Italy$41 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Plates BY Azerbaijan WERE (2021 - 2022):
Slovenia-$238 (-100%)
Turkey-$39 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Tool Plates were:
Germany $1.21B
Japan $880M
China $698M
In 2022, Azerbaijan's main importing competitors in Tool Plates were:

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Trade Value of Tool Plates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $683
TOP IMPORT POTENTIALChina+ $69.5k

Tool Plates’s highest export potential is United States. With an export gap of $683.   Tool Plates’s highest import potential is China with an import gap of $69.5k.

See methodology.

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