Azerbaijan's oil exports to Portugal reached almost $222M in 1H2026

In January–June 2026, Azerbaijan exported just over 395,031 tons of crude oil to Portugal, valued at almost $222 million, Report informs, citing the State Customs Committee of Azerbaijan.

Compared to the same period in 2025, the export volume dropped by 31.4%, and the value fell by 28.5%.

Portugal accounted for 3.9% of Azerbaijan's total oil exports in the first half of 2026.

According to the customs declarations, Azerbaijan exported approximately 10.125 million tons of crude oil and petroleum products obtained from bituminous rocks, valued at just over $6.231 billion in the first six months of 2026.

Overall, Azerbaijan conducted foreign trade operations worth $24.661 billion during the January–June period, representing a 1.1% increase year-on-year. Of this, $16.320 billion came from exports and $8.341 billion from imports. Year‑on‑year, exports rose by 26.7%, while imports dropped by 27.6%.