HS Icon Refined Petroleum in  Flag Azerbaijan

2021
Exports | Imports
: $641M | $260M, World Rnk 63 / 218
Flag Rnk 3 / 822 | World Rnk 145 / 226
Flag Rnk 5 / 1158

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $71.2M | $24.5M, Tunisia |  Romania

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

2021
PRODUCT COMPLEXITY IN Refined Petroleum
: -0.92, Rnk 817 / 1029

Exports In 2021, Azerbaijan exported $641M in Refined Petroleum, making it the 63rd largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 3rd most exported product in Azerbaijan. The main destination of Refined Petroleum exports from Azerbaijan are: Georgia ($124M), Turkey ($116M), Tunisia ($71.2M), Gibraltar ($59.6M), and Italy ($40.5M).

The fastest growing export markets for Refined Petroleum of Azerbaijan between 2020 and 2021 were Tunisia ($71.2M), Georgia ($67.6M), and Gibraltar ($56.3M).

Imports In 2021, Azerbaijan imported $260M in Refined Petroleum, becoming the 145th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 5th most imported product in Azerbaijan. Azerbaijan imports Refined Petroleum primarily from: Russia ($65.8M), Romania ($37.5M), Turkey ($31.8M), Kazakhstan ($26.3M), and China ($20.2M).

The fastest growing import markets in Refined Petroleum for Azerbaijan between 2020 and 2021 were Romania ($24.5M), Russia ($18.6M), and Turkey ($15M).

Tariffs In 2019, the average tariff for Azerbaijan in Refined Petroleum was 12.8%. The countries with the highest import tariffs for Refined Petroleum were Angola (Most Favoured Nation duty rate treatment, 13.4%), Burundi (Most Favoured Nation duty rate treatment, 13.4%), Benin (Most Favoured Nation duty rate treatment, 13.4%), Burkina Faso (Most Favoured Nation duty rate treatment, 13.4%), and Botswana (Most Favoured Nation duty rate treatment, 13.4%).

Apr 2023

Subnational Monthly Trade

#permalink to section
View
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 Refined Petroleum. Countries are shown based on data availability.

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

Explore Latest Trends

Historical Data

#permalink to section
Color

EXPORTS (2021): $641M

IMPORTS (2021): $260M

NET TRADE (2021): $381M

In 2021, Azerbaijan exported $641M in Refined Petroleum. The main destinations of Azerbaijan exports on Refined Petroleum were Georgia ($124M), Turkey ($116M), Tunisia ($71.2M), Gibraltar ($59.6M), and Italy ($40.5M).

In 2021, Azerbaijan imported $260M in Refined Petroleum, mainly from Russia ($65.8M), Romania ($37.5M), Turkey ($31.8M), Kazakhstan ($26.3M), and China ($20.2M).

Explore Visualizations

Flow

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

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

Explore Visualizations

Market Concentration

#permalink to section
View
Flow
Type

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

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

Explore Visualizations