Details of Azerbaijan’s 11-month petroleum product exports disclosed

Azerbaijan exported just over 517,066 tons of petroleum products, valued at more than $322.2 million in the first 11 months of 2024, Report informs, citing the country’s State Customs Committee.

According to the customs declarations, the exports decreased by 41.7 percent in volume and dropped by 40.9 percent in value compared to the same period of last year.

The share of petroleum products in Azerbaijan’s total exports for the reporting period was 1.32%.

Overall, Azerbaijan conducted trade transactions with foreign countries worth over $43.109 billion in January-November of 2024. Of that, almost $24.338 billion accounted for exports and over $18.771 billion fell to imports. Over the past year, exports decreased by 22.8 percent, while imports grew by 18.7 percent.