Azerbaijan earns over $3.5B from oil exports to Italy in 1H2026

Azerbaijan exported 5.9 million tons of crude oil worth $3.5 billion to Italy in January-June 2026, Report informs, citing the State Customs Committee of Azerbaijan.

Compared with the same period in 2025, the volume of crude oil exports to Italy decreased by 13.3%, while the value declined by 3%.

Italy accounted for 58.41% of Azerbaijan's total crude oil exports during the reporting period.

According to customs declarations, Azerbaijan exported a total of 10.1 million tons of crude oil and petroleum products derived from bituminous rocks worth $6.2 billion in the first six months of the year.

During the reporting period, Azerbaijan conducted foreign trade operations worth $24.66 billion, marking a 1.1% increase compared with the same period last year. Exports accounted for $16.32 billion of the trade turnover, while imports amounted to $8.341 billion.

Over the past year, Azerbaijan's exports increased by 26.7%, while imports declined by 27.6%.