2022
Exports
$19.4BWorld Rnk 18 / 149
Flag Rnk 1 / 848
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.25Rnk 1011 / 1025
2022
Imports
$410MWorld Rnk 64 / 158
Flag Rnk 3 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

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).

Latest Trends

Sep 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 (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).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
India$1.02B (175%)
Israel$785M (88.4%)
Czechia$679M (260%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Azerbaijan WERE (2021 - 2022):
Canada-$219M (-100%)
Belarus-$213M (-78.7%)
Ukraine-$73.2M (-19.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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