Azerbaijan sees sharp decline in crude oil exports to Indonesia

Azerbaijan exported 86,721.65 tons of crude oil worth $52,551,840 to Indonesia in January-February of this year, Report informs, referring to the State Customs Committee of Azerbaijan.

Compared to the first two months of 2023, the export dropped by 32.3 percent in volume and 38.2 percent in value.

The share of crude oil exported to the Indonesia in the total oil exports of Azerbaijan for the reporting period was 1.89 percent.

Overall, Azerbaijan exported 4,595,490.11 tons of crude oil and crude oil products obtained from bituminous rocks, valued at $2,826,058,640 in January-February of 2024.

In that period, Azerbaijan conducted trade transactions with foreign countries worth $7.227 billion.

The export operations accounted for $4.780 billion, and imports for $2.447 billion.