Azerbaijan reduces exports of oil products

From January through June 2022, Azerbaijan exported 302,247 tons of oil products for $182.024 million, Report informs, citing the State Customs Committee.

The volume of oil products exported in the first six months of this year is 2.1 times lower than in the same months of 2021, and the value of the exports is 35.7% less.

In January-June 2022, the share of oil products in the total export of Azerbaijan was 0.99%.

In the first six months of 2022, Azerbaijan conducted trade transactions with foreign countries worth $24.836 billion, 74.9% more than a year ago.

In the last six months, $18.479 billion of foreign trade turnover accounted for exports and $6.357 billion for imports. Over the past year, exports increased by 2.1 times, and imports by 17.9%.

As a result, a positive balance of $12.122 billion (3.5 times more than a year ago) was formed in foreign trade.