2022
Exports
$561MWorld Rnk 76 / 214
Flag Rnk 3 / 848
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$654MWorld Rnk 127 / 225
Flag Rnk 2 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $561M in Refined Petroleum, making it the 76th 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: Turkey ($117M), Luxembourg ($78.8M), Libya ($56.1M), United Arab Emirates ($50.1M), and Georgia ($44.3M).

The fastest growing export markets for Refined Petroleum of Azerbaijan between 2021 and 2022 were Luxembourg ($53.8M), United Arab Emirates ($49.6M), and Morocco ($34.5M).

Imports In 2022, Azerbaijan imported $654M in Refined Petroleum, becoming the 127th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Azerbaijan. Azerbaijan imports Refined Petroleum primarily from: Russia ($280M), Turkmenistan ($137M), Kazakhstan ($84.8M), Turkey ($50.7M), and China ($20.2M).

The fastest growing import markets in Refined Petroleum for Azerbaijan between 2021 and 2022 were Russia ($214M), Turkmenistan ($124M), and Kazakhstan ($57.1M).

Latest Trends

Apr 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 Refined 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 (2022)$561M
IMPORTS (2022)$654M
NET TRADE (2022)-$93.4M

In 2022, Azerbaijan exported $561M in Refined Petroleum. The main destinations of Azerbaijan exports on Refined Petroleum were Turkey ($117M), Luxembourg ($78.8M), Libya ($56.1M), United Arab Emirates ($50.1M), and Georgia ($44.3M).

In 2022, Azerbaijan imported $654M in Refined Petroleum, mainly from Russia ($280M), Turkmenistan ($137M), Kazakhstan ($84.8M), Turkey ($50.7M), and China ($20.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Luxembourg$53.8M (215%)
United Arab Emirates$49.6M (10.2k%)
Morocco$34.5M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Azerbaijan WERE (2021 - 2022):
Georgia-$79.7M (-64.3%)
Tunisia-$71.2M (-100%)
Gibraltar-$59.6M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Refined Petroleum were:
In 2022, Azerbaijan's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

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