Crude Petroleum in Azerbaijan | The Observatory of Economic Complexity

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Exports In 2022, Azerbaijan exported $19.4B in Crude Petroleum, making it the 18th 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 ($6.72B), Israel ($1.67B), India ($1.6B), Spain ($1.03B), and Croatia ($990M).

The fastest growing export markets for Crude Petroleum of Azerbaijan between 2021 and 2022 were India ($1.02B), Israel ($785M), and Czechia ($679M).

Imports In 2022, Azerbaijan imported $410M in Crude Petroleum, becoming the 64th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 3rd most imported product in Azerbaijan. Azerbaijan imports Crude Petroleum primarily from: Turkmenistan ($219M), Russia ($116M), Kazakhstan ($74.8M), Croatia ($2.18k), and Germany ($1.75k).

The fastest growing import markets in Crude Petroleum for Azerbaijan between 2021 and 2022 were Turkmenistan ($172M), Russia ($116M), and Kazakhstan ($74.8M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Crude Petroleum from Azerbaijan to the United States.

Feb 2024

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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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EXPORTS (2022)$19.4B

IMPORTS (2022)$410M

NET TRADE (2022)$19B

In 2022, Azerbaijan exported $19.4B in Crude Petroleum. The main destinations of Azerbaijan exports on Crude Petroleum were Italy ($6.72B), Israel ($1.67B), India ($1.6B), Spain ($1.03B), and Croatia ($990M).

In 2022, Azerbaijan imported $410M in Crude Petroleum, mainly from Turkmenistan ($219M), Russia ($116M), Kazakhstan ($74.8M), Croatia ($2.18k), and Germany ($1.75k).