Azerbaijan's natural gas exports rise in volume, despite drop in value

Azerbaijan exported more than 11.825 billion cubic meters of natural gas, valued at over $4.068 billion in the first half of 2024, Report informs, referring to the country’s State Customs Committee.

Compared to the corresponding period of 2023, the country’s natural gas exports grew by 7.9 percent in volume but fell by 49.3 percent in value.

The share of natural gas in the total export of Azerbaijan in January-June 2024 was 31.5%.

In total, Azerbaijan conducted trade transactions with foreign countries worth just over $21.768 billion in the initial six months of 2024, representing a 16.8% decline year-on-year. Of that, $12.901 billion accounted for exports and just over $8.867 billion fell to imports.