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Azerbaijan sharply reduces export of oil products

From January to October this year, Azerbaijan exported 495,484.05 tons of oil products worth 309,018.55 thousand USD, APA-Economics reports citing State Customs Committee.

The value of Azerbaijan’s oil product exports during the reporting period decreased by 40.3%, and the volume decreased by 40.7% compared to the same period in 2023.

Recall that last year, Azerbaijan exported 925,225.07 tons of oil products worth 572,210.25 thousand USD.

Note that the value of Azerbaijan’s oil product exports during the reporting period increased by 8.5%, and the volume increased by 20% compared to 2022.