Türkiye’s oil imports from Azerbaijan plummet in 1Q2025

In the first quarter of 2025, Azerbaijan exported more than 24,020 tons of crude oil worth just over $11.979 million to Türkiye, marking a year-on-year decline of 4.7 times and 5.1 times, respectively, Report informs, citing the State Customs Committee of Azerbaijan.

Over three months, the share of crude oil exported to Türkiye in Azerbaijan's total oil exports stood at 0.4%.

According to customs declarations, Azerbaijan exported over 6.011 million tons of crude oil and petroleum products obtained from bituminous rocks, valued at more than $3.336 billion in the first three months of 2025.

Overall, Azerbaijan conducted trade transactions with other countries worth just over $12.048 billion in January-March of 2025. Of that, exports accounted for almost $6.386 billion and imports was responsible for nearly $5.663 billion.