Azerbaijan begins exporting lubricating oils to Estonia

In 2024, Azerbaijan exported 51,713 tons of lubricating oils, valued at $62 million, representing an increase of 12% in volume and 19% in value compared to 2023, Report informs, citing the country’s State Statistical Committee.

During the reporting period, Azerbaijan sold lubricating oils to:

- Ukraine: 11,016 tons (+12%) worth $11.95 million (+13%);

- Bulgaria: 8,716 tons (+40%) worth $9.1 million (+60%);

- Iraq: 5,371 tons (+48%) worth $7.7 million (+56%);

- Georgia: 3,492 tons (-54%) worth $4 million (-45%);

- Romania: 2,978 tons (+13 times) worth $3.55 million (+10 times).

In 2024, Azerbaijan supplied lubricating oils to Estonia (244 tons worth $359,000) for the first time in 13 years, based on publicly available foreign trade statistics dating back to 2011.

Meanwhile, the country exported 46,000 tons of lubricating oils to 42 countries in 2023, of which 21.3% went to Ukraine, 19% to Türkiye and 16.5% to Georgia.