Azerbaijan increases oil exports by 5%

In January-May 2025, according to customs declarations, Azerbaijan exported $10.363 million tons of crude oil and petroleum products obtained from bituminous rocks, Report informs, citing the country's State Customs Committee.

The value of crude oil exported from Azerbaijan amounted to $5.643 billion.

The volume of exported crude oil is 5% more compared to January-May 2024, while its value is 9.8% less.

In the 5-month period, the share of crude oil and petroleum products obtained from bituminous rocks in Azerbaijan's total exports was 51.29%.

In January-May 2025, Azerbaijan conducted trade operations worth $20.966 billion with other countries. Of the foreign trade turnover, $11 billion accounted for exports, and $9.965 billion for imports. Over the past year, exports decreased by 1.2%, while imports increased by 36.5%.