Azerbaijan's oil exports approached 4M tons in two months

In January-February of 2026, Azerbaijan exported just over 3.6 million tons of crude oil and petroleum products obtained from bituminous rocks, valued at just over $1.7 billion, Report informs, citing the country's State Customs Committee.

According to the customs declarations, the exports dropped by 36.2% in volume and 24.6% in value compared to the corresponding period in 2025.

The share of crude oil and petroleum products obtained from bituminous rocks in Azerbaijan's total exports was 46.51%.

Overall, Azerbaijan conducted foreign trade operations worth $6.264 billion in the first two months of 2026. Of this, $3.665 billion came from exports and $2.599 billion from imports. Over the past year, exports declined by 23.1%, and imports fell by 37.2%.