Azerbaijan posts remarkable increase in oil exports to Croatia

Azerbaijan exported 866,671 tons of crude oil worth $547.25 million to Croatia in the initial seven months of 2024, Report informs, citing the Azerbaijani State Customs Committee.

According to the obtained data, this is an increase of 61 percent in volume and 78.55 percent in value compared to the same period last year.

In 7 months, Croatia accounted for 5.9% of Azerbaijan’s total oil exports.

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%.