Azerbaijan Sees Unprecedented Growth In Oil Product Exports For 2025

2025-03-17 05:08:37

(MENAFN- Trend News Agency) BAKU, Azerbaijan, March 17. A total of 111,000 tons of oil products (except crude products, oil, and oil products derived from bituminous rocks; products with oil or oil products content of 70 percent by weight or more) were exported from Azerbaijan from January through February of this year.

The data obtained by Trend from the State customs Committee shows that the revenue from the export of this quantity of products amounted to $49.6 million.

Exports of oil products increased by 51,000 tons or 84.2 percent in quantitative terms and $14.1 million in value terms compared to the same period last year.

Thus, for the same period last year, 60,000 tons of oil products worth $35.5 million were exported from Azerbaijan.

The volume of foreign trade turnover of Azerbaijan for the reporting period amounted to $8.9 billion. This figure is $1.7 billion or 23.2 percent more than in the same period last year. The volume of Azerbaijan's foreign trade turnover from January through February of last year amounted to $7.2 billion.

Of the trade turnover, exports accounted for $4.8 billion and imports $4.1 billion which is $13 million (0.3 percent) less and $1.7 billion (69.2 percent) more than a year ago.

The foreign trade surplus amounted to $628 million, which is $1.7 billion or 3.7 times less than a year ago.

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