HS Icon Crude Petroleum in  Flag Azerbaijan

2021
Exports | Imports
: $13.5B | $46M, World Rnk 18 / 147
Flag Rnk 1 / 822 | World Rnk 79 / 163
Flag Rnk 65 / 1158

2021
ECONOMIC COMPLEXITY of Azerbaijan
: -0.52, Rnk 85 / 131

2021
PRODUCT COMPLEXITY IN Crude Petroleum
: -2.38, Rnk 1024 / 1029

Exports In 2021, Azerbaijan exported $13.5B 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 ($6.17B), Israel ($888M), Croatia ($741M), Germany ($634M), and Portugal ($592M).

The fastest growing export markets for Crude Petroleum of Azerbaijan between 2020 and 2021 were Italy ($2.11B), Israel ($453M), and Germany ($421M).

Imports In 2021, Azerbaijan imported $46M in Crude Petroleum, becoming the 79th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 65th most imported product in Azerbaijan. Azerbaijan imports Crude Petroleum primarily from: Turkmenistan ($46M).

Mar 2023

Subnational Monthly Trade

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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

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EXPORTS (2021): $13.5B

IMPORTS (2021): $46M

NET TRADE (2021): $13.4B

In 2021, Azerbaijan exported $13.5B in Crude Petroleum. The main destinations of Azerbaijan exports on Crude Petroleum were Italy ($6.17B), Israel ($888M), Croatia ($741M), Germany ($634M), and Portugal ($592M).

In 2021, Azerbaijan imported $46M in Crude Petroleum, mainly from Turkmenistan ($46M).

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THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Azerbaijan WERE (2020 - 2021):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Azerbaijan WERE (2020 - 2021):

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Market Concentration

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In 2021, Azerbaijan's main exporting competitors in Crude Petroleum were:

In 2021, Azerbaijan's main importing competitors in Crude Petroleum were:

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