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Exports In 2022, Azerbaijan exported $561M in Oils petroleum, bituminous, distillates, except crude, making it the 76th largest exporter of Oils petroleum, bituminous, distillates, except crude in the world. At the same year, Oils petroleum, bituminous, distillates, except crude was the 3rd most exported product in Azerbaijan. The main destination of Oils petroleum, bituminous, distillates, except crude 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 Oils petroleum, bituminous, distillates, except crude 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 Oils petroleum, bituminous, distillates, except crude, becoming the 127th largest importer of Oils petroleum, bituminous, distillates, except crude in the world. At the same year, Oils petroleum, bituminous, distillates, except crude was the 1st most imported product in Azerbaijan. Azerbaijan imports Oils petroleum, bituminous, distillates, except crude primarily from: Russia ($280M), Turkmenistan ($137M), Kazakhstan ($84.8M), Turkey ($50.7M), and China ($20.2M).

The fastest growing import markets in Oils petroleum, bituminous, distillates, except crude for Azerbaijan between 2021 and 2022 were Russia ($214M), Turkmenistan ($124M), and Kazakhstan ($57.1M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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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 Oils petroleum, bituminous, distillates, except crude. 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 Oils petroleum, bituminous, distillates, except crude. The main destinations of Azerbaijan exports on Oils petroleum, bituminous, distillates, except crude were Turkey ($117M), Luxembourg ($78.8M), Libya ($56.1M), United Arab Emirates ($50.1M), and Georgia ($44.3M).

In 2022, Azerbaijan imported $654M in Oils petroleum, bituminous, distillates, except crude, 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 Oils petroleum, bituminous, distillates, except crude 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 Oils petroleum, bituminous, distillates, except crude 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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In 2022, Azerbaijan's main exporting competitors in Oils petroleum, bituminous, distillates, except crude were:
In 2022, Azerbaijan's main importing competitors in Oils petroleum, bituminous, distillates, except crude were:

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Trade Value of Oils petroleum, bituminous, distillates, except crude by Exporters

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