Volume of Azerbaijan’s petroleum product exports revealed

In 2024, Azerbaijan exported just over 537,628 tons of petroleum products, valued at more than $334.9 million, Report informs, citing the country’s State Customs Committee.

According to the customs declarations, the exports dropped by 41.9 percent in volume and decreased by 41.5 percent in value compared to 2023.

The share of petroleum products in Azerbaijan’s total exports for the reporting period was 1.26%.

Overall, Azerbaijan conducted trade transactions with other countries worth over $47.612 billion in 2024. Of that, more than $26.554 billion accounted for exports and $21.058 billion fell to imports. Over the past year, exports decreased by 21.7 percent, while imports grew by 21.8 percent.