2023
Exports
$16.1BWorld Rnk 19 / 150
Flag Rnk 1 / 841
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$1.12BWorld Rnk 52 / 159
Flag Rnk 2 / 1170
2023
ECONOMIC COMPLEXITY of Azerbaijan
-0.43Rnk 84 / 132

About

Exports In 2023, Azerbaijan exported $16.1B in Crude Petroleum, making it the 19th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most exported product in Azerbaijan. The main destination of Crude Petroleum exports from Azerbaijan are: Italy ($6.55B), Israel ($1.39B), Czechia ($1B), India ($944M), and Spain ($878M).

The fastest growing export markets for Crude Petroleum of Azerbaijan between 2022 and 2023 were Turkey ($174M), Austria ($85.6M), and Singapore ($84.1M).

Imports In 2023, Azerbaijan imported $1.12B in Crude Petroleum, becoming the 52nd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 2nd most imported product in Azerbaijan. Azerbaijan imports Crude Petroleum primarily from: Russia ($729M), Turkmenistan ($318M), and Kazakhstan ($72.5M).

The fastest growing import markets in Crude Petroleum for Azerbaijan between 2022 and 2023 were Russia ($598M) and Turkmenistan ($72.4M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$16.1B
IMPORTS (2023)$1.12B
NET TRADE (2023)$14.9B

In 2023, Azerbaijan exported $16.1B in Crude Petroleum. The main destinations of Azerbaijan exports on Crude Petroleum were Italy ($6.55B), Israel ($1.39B), Czechia ($1B), India ($944M), and Spain ($878M).

In 2023, Azerbaijan imported $1.12B in Crude Petroleum, mainly from Russia ($729M), Turkmenistan ($318M), and Kazakhstan ($72.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Azerbaijan WERE (2022 - 2023):
Turkey$174M (34.7%)
Austria$85.6M (129%)
Singapore$84.1M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Azerbaijan WERE (2022 - 2023):
Italy-$688M (-9.51%)
Indonesia-$499M (-73.3%)
Croatia-$478M (-38.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Azerbaijan's main exporting competitors in Crude Petroleum were:
In 2023, Azerbaijan's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.08B
TOP IMPORT POTENTIALRussia+ $75.6M

Crude Petroleum’s highest export potential is India. With an export gap of $1.08B.   Crude Petroleum’s highest import potential is Russia with an import gap of $75.6M.

See methodology.

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