Azerbaijan boosts crude oil exports to Romania by over 12%

Azerbaijan exported 433,832 tons of crude oil to Romania, valued at nearly $269.2 million during the first seven months of 2024, Report informs, citing the State Customs Committee of Azerbaijan.

Compared to the corresponding period of 2023, the exports grew by 12.4 percent in volume and rose by 15.2 percent in value.

The share of crude oil exported to Romania in Azerbaijan’s total oil exports for the reporting period was 2.96%.

Overall, Azerbaijan exported 14.696 million tons of crude oil and related products obtained from bituminous rocks, valued at just over $9.225 billion from January through July 2024.

In the specified period, Azerbaijan conducted trade transactions with foreign countries worth just over $26.892 billion. Of that, $16.099 billion accounted for exports and just over $10.793 billion fell to imports. Over the past year, exports decreased by 22.5%, while imports increased by 12.9%.