Azerbaijan's oil exports exceeded 10M tons in 1H2026

In January–June 2026, Azerbaijan exported just over 10.125 million tons of crude oil and petroleum products derived from bituminous rocks, valued at just over $6.231 billion, Report informs, citing the country's State Customs Committee.

According to the customs declarations, the exports dropped by 15.9% in volume and fell by 2.8% in value compared to the first half of 2025.

Over the course of six months, crude oil and petroleum products accounted for 38.18% of Azerbaijan's total exports.

In total, Azerbaijan conducted foreign trade operations worth $24.661 billion in the initial six months of 2026, which is 1.1% more than in the same period last year. Of this, $16.320 billion came from exports and $8.341 billion from imports. Year‑on‑year, the exports rose by 26.7%, while imports dropped by 27.6%.

As a result, a trade surplus of $7.979 was recorded in the first half, which is 5.9 times higher compared to the corresponding period last year.