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2022
Exports $563World Rnk 132 / 157
Flag Rnk 748 / 848
2022
Destination $451 Netherlands
2021 - 2022
FASTEST GROWING MARKET $451Netherlands
2022
PRODUCT COMPLEXITY IN Silicone1.72Rnk 20 / 1025
2022
Imports $2.69MWorld Rnk 92 / 215
Flag Rnk 488 / 1162
2022
Origin $338k China
2021 - 2022
FASTEST GROWING ORIGIN $338kChina
2022
ECONOMIC COMPLEXITY of Azerbaijan-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $563 in Silicone, making it the 132nd largest exporter of Silicone in the world. At the same year, Silicone was the 748th most exported product in Azerbaijan. The main destination of Silicone exports from Azerbaijan are: Netherlands ($552) and Russia ($11).

The fastest growing export markets for Silicone of Azerbaijan between 2021 and 2022 were Netherlands ($451) and Russia ($11).

Imports In 2022, Azerbaijan imported $2.69M in Silicone, becoming the 92nd largest importer of Silicone in the world. At the same year, Silicone was the 488th most imported product in Azerbaijan. Azerbaijan imports Silicone primarily from: China ($1.01M), Turkey ($712k), Germany ($284k), United States ($228k), and United Kingdom ($204k).

The fastest growing import markets in Silicone for Azerbaijan between 2021 and 2022 were China ($338k), United States ($174k), and Italy ($93.7k).

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 Silicone. 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)$563
IMPORTS (2022)$2.69M
NET TRADE (2022)-$2.69M

In 2022, Azerbaijan exported $563 in Silicone. The main destinations of Azerbaijan exports on Silicone were Netherlands ($552) and Russia ($11).

In 2022, Azerbaijan imported $2.69M in Silicone, mainly from China ($1.01M), Turkey ($712k), Germany ($284k), United States ($228k), and United Kingdom ($204k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silicone EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Netherlands$451 (447%)
Russia$11 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicone BY Azerbaijan WERE (2021 - 2022):Turkey-$389k (-100%)
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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 Silicone were:
China $2.2B
Germany $2.07B
United States $1.55B
In 2022, Azerbaijan's main importing competitors in Silicone were:
United States $1.2B
China $1B
South Korea $600M

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Trade Value of Silicone by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALNetherlands+ $1.21k
TOP IMPORT POTENTIALChina+ $729k

Silicone’s highest export potential is Netherlands. With an export gap of $1.21k.   Silicone’s highest import potential is China with an import gap of $729k.

See methodology.

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