2023
Exports
$10.2BWorld Rnk 13 / 163
Flag Rnk 2 / 841
2023
PRODUCT COMPLEXITY IN Petroleum Gas
-2.01Rnk 998 / 1025
2023
Imports
$363MWorld Rnk 69 / 220
Flag Rnk 6 / 1170
2023
ECONOMIC COMPLEXITY of Azerbaijan
-0.43Rnk 84 / 132

About

Exports In 2023, Azerbaijan exported $10.2B 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 ($4.81B), Turkey ($3.68B), Greece ($838M), Georgia ($314M), and Bulgaria ($299M).

The fastest growing export markets for Petroleum Gas of Azerbaijan between 2022 and 2023 were Turkey ($1.47B), Romania ($171M), and Russia ($50.6M).

Imports In 2023, Azerbaijan imported $363M in Petroleum Gas, becoming the 69th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 6th most imported product in Azerbaijan. Azerbaijan imports Petroleum Gas primarily from: Turkmenistan ($218M), Russia ($143M), Iran ($545k), Kazakhstan ($372k), and Netherlands ($64.3k).

The fastest growing import markets in Petroleum Gas for Azerbaijan between 2022 and 2023 were Russia ($126M), Turkmenistan ($107M), and Kazakhstan ($372k).

Latest Trends

Dec 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 (2023)$10.2B
IMPORTS (2023)$363M
NET TRADE (2023)$9.83B

In 2023, Azerbaijan exported $10.2B in Petroleum Gas. The main destinations of Azerbaijan exports on Petroleum Gas were Italy ($4.81B), Turkey ($3.68B), Greece ($838M), Georgia ($314M), and Bulgaria ($299M).

In 2023, Azerbaijan imported $363M in Petroleum Gas, mainly from Turkmenistan ($218M), Russia ($143M), Iran ($545k), Kazakhstan ($372k), and Netherlands ($64.3k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Azerbaijan WERE (2022 - 2023):
Turkey$1.47B (66.7%)
Romania$171M (1%)
Russia$50.6M (936%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Azerbaijan WERE (2022 - 2023):
Italy-$9.07B (-65.3%)
Greece-$1.14B (-57.7%)
Bulgaria-$103M (-25.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Azerbaijan's main exporting competitors in Petroleum Gas were:
In 2023, Azerbaijan's main importing competitors in Petroleum Gas were:
China $83.7B
Japan $52.5B
France $45.4B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
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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