Azerbaijan exports $8 billion worth of crude oil in seven months

Azerbaijan exported 12.72 million tons of crude oil and petroleum products derived from bituminous minerals in January-July 2026, Report informs, citing statistics from the State Customs Committee.

The value of crude oil exports amounted to $8.03 billion. Compared with January-July 2025, the volume of crude oil exports decreased by 12.08%, while their value increased by 4.86%.

Crude oil and petroleum products accounted for 41.54% of Azerbaijan's total exports during the seven-month period.

Overall, Azerbaijan's foreign trade turnover amounted to $29.21 billion in January-July. Exports accounted for $19.34 billion, while imports totaled $9.88 billion. Exports increased by 27% year-on-year, while imports decreased by 27.4%.