2022
Exports
$15.5BWorld Rnk 13 / 160
Flag Rnk 2 / 848
2022
PRODUCT COMPLEXITY IN Petroleum Gas
-1.98Rnk 1000 / 1025
2022
Imports
$116MWorld Rnk 94 / 222
Flag Rnk 16 / 1162
2022
ECONOMIC COMPLEXITY of Azerbaijan
-0.44Rnk 83 / 133

About

Exports In 2022, Azerbaijan exported $15.5B in Petroleum Gas, making it the 13th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 2nd most exported product in Azerbaijan. The main destination of Petroleum Gas exports from Azerbaijan are: Italy ($11.4B), Turkey ($2.21B), Greece ($1.24B), Georgia ($349M), and Bulgaria ($263M).

The fastest growing export markets for Petroleum Gas of Azerbaijan between 2021 and 2022 were Italy ($8.24B), Greece ($857M), and Turkey ($524M).

Imports In 2022, Azerbaijan imported $116M in Petroleum Gas, becoming the 94th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 16th most imported product in Azerbaijan. Azerbaijan imports Petroleum Gas primarily from: Turkmenistan ($98.5M), Russia ($15.2M), Iran ($2.23M), United Kingdom ($37.7k), and Romania ($30.6k).

The fastest growing import markets in Petroleum Gas for Azerbaijan between 2021 and 2022 were Turkmenistan ($98.5M), Russia ($15.2M), and United Kingdom ($36.7k).

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 Petroleum Gas. 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)$15.5B
IMPORTS (2022)$116M
NET TRADE (2022)$15.4B

In 2022, Azerbaijan exported $15.5B in Petroleum Gas. The main destinations of Azerbaijan exports on Petroleum Gas were Italy ($11.4B), Turkey ($2.21B), Greece ($1.24B), Georgia ($349M), and Bulgaria ($263M).

In 2022, Azerbaijan imported $116M in Petroleum Gas, mainly from Turkmenistan ($98.5M), Russia ($15.2M), Iran ($2.23M), United Kingdom ($37.7k), and Romania ($30.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Azerbaijan WERE (2021 - 2022):
Italy$8.24B (257%)
Greece$857M (223%)
Turkey$524M (31.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Azerbaijan WERE (2021 - 2022):
Russia-$16.4M (-75.2%)
Iran-$2.48M (-27.4%)
Pakistan-$832k (-65.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Azerbaijan's main exporting competitors in Petroleum Gas were:
In 2022, Azerbaijan's main importing competitors in Petroleum Gas were:
China $72.7B
Italy $67.6B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALTurkey+ $306M
TOP IMPORT POTENTIALRussia+ $21.6M

Petroleum Gas’s highest export potential is Turkey. With an export gap of $306M.   Petroleum Gas’s highest import potential is Russia with an import gap of $21.6M.

See methodology.

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