Details of Azerbaijan’s petroleum products exports in 1H2024 revealed

Azerbaijan exported 310,644 tons of petroleum products, valued at approximately $214 million in the first six months of 2024, Report informs, citing the country’s State Customs Committee.

Compared to the corresponding period of 2023, the exports decreased by 32.3 percent in volume and dropped by 41.8 percent in value.

The share of petroleum products in Azerbaijan’s total exports for the reporting period was 1.7%.

Overall, 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.