Azerbaijan posts over 16% decline in volume of petroleum coke exports

Azerbaijan exported more than 186,588 tons of petroleum coke, valued at $15.894 million during the first 11 months of 2024, Report informs, citing the country's State Customs Committee.

According to the customs declarations, the exports dropped by 16.1 percent in volume and fell by 3.6 times in value compared to the corresponding period of 2023.

Meanwhile, the share of petroleum coke in Azerbaijan's total exports for the reporting period was 0.07%.

Overall, Azerbaijan conducted trade transactions with foreign countries worth over $43.109 billion in January-November of 2024. Of that, almost $24.338 billion accounted for exports and over $18.771 billion fell to imports. Over the past year, exports decreased by 22.8 percent, while imports grew by 18.7 percent.

SOCAR's Heydar Aliyev Oil Refinery, as the only oil refinery in the region, provides Azerbaijan with fuel products such as RON-92, diesel, jet fuel, and raw materials.