Azerbaijan | Imports and Exports | World | Iron and steel | Value (US$) and Value Growth, YoY (%) | 2012 - 2023
The value of exports of commodity group 72 "Iron and steel" from Azerbaijan totalled $ 50 million in 2023. Sales of commodity group 72 from Azerbaijan decreased by 44% in value terms compared to 2022. exports of commodity group 72 "Iron and steel" decreased by $ 39 million (cumulative exports of commodity group 72 from Azerbaijan amounted $90 million in 2022)
Exports of commodity group 72 "Iron and steel" amounted to 0.148% of total exports from Azerbaijan (cumulative merchandise exports from Azerbaijan totalled $ 33 billion in 2023). The share of commodity group 72 in total exports from Azerbaijan decreased by 0.087 p.p. compared to 2022 (it was 0.236% in 2022 and cumulative exports from Azerbaijan were equal to $ 38 billion).
Where does Azerbaijan export Iron and steel?
Top export destinations of "Iron and steel" from Azerbaijan in 2023:
- Georgia with a share of 65% (33 million US$)
- Turkey with a share of 14.4% (7.29 million US$)
- Turkmenistan with a share of 8.02% (4.04 million US$)
- Netherlands with a share of 1.83% (924 thousand US$)
- Germany with a share of 1.71% (862 thousand US$)
- Latvia with a share of 1.3% (659 thousand US$)
- Estonia with a share of 1.08% (545 thousand US$)
- Italy with a share of 1.03% (518 thousand US$)
- Spain with a share of 1% (506 thousand US$)
- USA - 441 thousand US$
Exports structure of 72 - Iron and steel - from Azerbaijan in 2023 represented by the following main commodity groups:
- 72% (36 million US$): 7214 - Other bars and rods of iron or non-alloy steel, not further worked than forged, hot-rolled, hot-drawn or hot-extruded, but including those twisted after rolling
- 12.7% (6.43 million US$): 7207 - Semi-finished products of iron or non-alloy steel
- 7.67% (3.86 million US$): 7202 - Ferro-alloys.
- 5.32% (2.67 million US$): 7218 - Stainless steel in ingots or other primary forms; semi-finished products of stainless steel
- 0.659% (332 thousand US$): 7216 - Angles, shapes and sections of iron or non-alloy steel
- 0.423% (213 thousand US$): 7210 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, clad, plated or coated
- 0.224% (113 thousand US$): 7208 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated
- 0.093% (46 thousand US$): 7213 - Bars and rods, hot-rolled, in irregularly wound coils, of iron or non-alloy steel
- 0.06% (30 thousand US$): 7205 - Granules and powders, of pig iron, spiegeleisen, iron or steel
- 0.026% (13.3 thousand US$): 7217 - Wire of iron or non-alloy steel
The value of imports of commodity group 72 "Iron and steel" to Azerbaijan totalled $ 463 million in 2023. Sales of commodity group 72 to Azerbaijan went up by 3.45% compared to 2022: imports of commodity group 72 "Iron and steel" went up by $ 15.4 million (the value of imports of commodity group 72 to Azerbaijan was equal to $448 million in 2022)
Imports of commodity group 72 "Iron and steel" accounted for 2.68% of total import flow to Azerbaijan (in 2023, total imports to Azerbaijan amounted to $ 17.2 billion). The share of commodity group 72 in total imports to Azerbaijan decreased by 0.399 p.p. compared to 2022 (it was 3.08% in 2022 and cumulative imports to Azerbaijan were equal to $ 14.5 billion).
Where does Azerbaijan import Iron and steel from?
Top trading partners (import of "Iron and steel") of Azerbaijan in 2023:
- Russia with a share of 54% (252 million US$)
- China with a share of 22% (105 million US$)
- Turkey with a share of 7.33% (34 million US$)
- Iran with a share of 7.19% (33 million US$)
- Kazakhstan with a share of 2.55% (11.8 million US$)
- Georgia with a share of 1.74% (8.09 million US$)
- Belarus - 4.59 million US$
- Korea - 2.66 million US$
- Ukraine - 1.48 million US$
- United Kingdom - 1.36 million US$
Imports structure of 72 - Iron and steel - to Azerbaijan in 2023 represented by the following main commodity groups:
- 30% (142 million US$): 7210 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, clad, plated or coated
- 28% (132 million US$): 7208 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated
- 6.25% (29 million US$): 7216 - Angles, shapes and sections of iron or non-alloy steel
- 6.24% (28 million US$): 7213 - Bars and rods, hot-rolled, in irregularly wound coils, of iron or non-alloy steel
- 5.42% (25 million US$): 7207 - Semi-finished products of iron or non-alloy steel
- 5.24% (24 million US$): 7225 - Flat-rolled products of other alloy steel, of a width of 600 mm or more
- 4.02% (18.6 million US$): 7214 - Other bars and rods of iron or non-alloy steel, not further worked than forged, hot-rolled, hot-drawn or hot-extruded, but including those twisted after rolling
- 3.32% (15.4 million US$): 7217 - Wire of iron or non-alloy steel
- 2.58% (11.9 million US$): 7209 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, cold-rolled (cold-reduced), not clad, plated or coated
- 2.31% (10.7 million US$): 7202 - Ferro-alloys.
