Azerbaijan sees nearly 95% surge in crude oil exports to Indonesia

Azerbaijan exported just over 261,305 tons of crude oil to Indonesia, valued at just under $153.7 million in the first eight months of 2024, Report informs, citing Azerbaijan’s State Customs Committee.

Compared to the corresponding period in 2023, the exports grew by 94.8 percent in volume and rose by 73.34 percent in value.

The share of crude oil exported to Indonesia in Azerbaijan’s total oil exports was 1.59%.

According to the customs declarations, in total, Azerbaijan exported just under 16.476 million tons of crude oil and related products obtained from bituminous rocks, valued at more than $10.3 billion in January-August 2024.

In that period, Azerbaijan conducted trade transactions with foreign countries worth over $30.995 billion in the initial eight months of 2024.