Azerbaijan posts decline in exports of petroleum products

Azerbaijan exported 332,340 tons of petroleum products, valued at over $230.1 million in the first seven months of 2024, Report informs, citing the country’s State Customs Committee.

According to the customs declarations, the exports decreased by 43.32 percent in volume and dropped by 32.41 percent in value compared to the same period of last year.

The share of petroleum products in Azerbaijan’s total exports for the reporting period was 1.43%.

Overall, Azerbaijan conducted trade transactions with foreign countries worth just over $26.892 billion in the initial seven months of 2024. 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%.