EU countries spent over 7.5B euros on Azerbaijani oil imports in 9 months

European Union countries imported nearly 12.28 million tons of oil worth 7.53 billion euros from Azerbaijan in January-September 2024, Report informs, citing the European Union Statistical Office (Eurostat).

The quantity of oil imports from Azerbaijan went down by 23.8% while the value decreased by 21.9% compared to the same period last year.

The top five EU countries importing oil from Azerbaijan in 9 months are Italy – 5.66 million tons (-37.2%) worth 3.44 billion euros (-35.9%), Czech Republic – 1.92 million tons (+34%) worth 1.19 billion euros (+37.1%), Portugal – 1.04 million tons (+2.1 times) worth 640.17 million euros (+2.1 times), Germany - 1 million tons (+26.9%) worth 626.11 million euros (+31.2%), Croatia – 1.03 million tons (+5.1%) worth 631.4 million euros (+8.5%).

In September, EU countries imported 1.3 million tons of oil (-28.2%) worth 735.35 million euros (-1.6 times) from Azerbaijan.

The top five countries purchasing oil from Azerbaijan in September include Italy (410,909 tons worth 223.47 million euros), Czech Republic (210,191 tons worth 120.53 million euros), Romania (180,205 tons worth 99.6 million euros), Croatia (168,662 tons worth 95.09 million euros), and Portugal (137,389 tons worth 80.54 million euros).

According to the Eurostat, in 2023, EU countries imported about 20.3 million tons of oil (+2.6%) worth approximately 12.4 billion euros (-18%) from Azerbaijan.