Azerbaijan exports nearly 18 million tons of oil in 9 months

In January-September 2024, according to customs declarations, Azerbaijan exported over 17.6 million tons of crude oil and petroleum products obtained from bituminous rocks for $11.008 billion, Report informs, citing the country's State Customs Committee.

The volume of exported crude oil is 11.4% less, and its value is 9.2% less compared to January-September 2023.

This year, the share of crude oil and petroleum products obtained from bituminous rocks in Azerbaijan's total exports was 55.44%.

In January-September 2024, Azerbaijan conducted trade operations worth $34.498 billion with other countries. Of the trade turnover, $19.855 billion accounted for exports, and $14.643 billion imports. Over the past year, exports decreased by 25%, while imports increased by 16%.