Azerbaijan’s oil export revenues to Thailand surge nine-fold

Azerbaijan exported just over 376,876 tons of crude oil to Thailand, valued at more than $234.2 million during the first six months of 2024, Report informs, referring to the country's State Customs Committee.

According to the obtained data, this shows an increase of 7.7 times in volume and 9 times in value from the corresponding period of 20230.

The share of Thailand in Azerbaijan's total oil exports was 3.4%.

Overall, Azerbaijan exported just under 11.1 million tons of crude oil and related products obtained from bituminous rocks, valued at just over $7.012 billion in January-June of 2024.

During the reporting period, Azerbaijan conducted trade transactions with foreign countries worth just over $21.768 billion in the initial six months of 2024, representing a 16.8% decline year-on-year. Of that, $12.901 billion accounted for exports and just over $8.867 billion fell to imports.