Azerbaijan’s revenues from oil exports to Israel down by 26%

In Januar-May 2023, Azerbaijan exported 1,021,518.33 tons of crude oil (-14.5%) worth $631,333,050 (-26.20%) to Israel, Report informs, citing the State Customs Committee.

The share of crude oil exported to Israel in the total oil exports of Azerbaijan was 8.69%.

Azerbaijan exported 11,752,575.69 tons of crude oil and crude oil products obtained from bituminous rocks worth $7,220,253,420 in January-May 2023.

In the reporting period, Azerbaijan conducted trade transactions with foreign countries worth $22.953 billion.

The export operations accounted for $16.114 billion, and imports for $6.839 billion.