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The fastest growing export markets for Petroleum oils, oils from bituminous minerals, crude of Azerbaijan between 2021 and 2022 were India ($1.02B), Israel ($785M), and Czechia ($679M).

Imports In 2022, Azerbaijan imported $410M in Petroleum oils, oils from bituminous minerals, crude, becoming the 64th largest importer of Petroleum oils, oils from bituminous minerals, crude in the world. At the same year, Petroleum oils, oils from bituminous minerals, crude was the 2nd most imported product in Azerbaijan. Azerbaijan imports Petroleum oils, oils from bituminous minerals, crude primarily from: Turkmenistan ($219M), Russia ($116M), Kazakhstan ($74.8M), Croatia ($2.18k), and Germany ($1.75k).

The fastest growing import markets in Petroleum oils, oils from bituminous minerals, crude for Azerbaijan between 2021 and 2022 were Turkmenistan ($172M), Russia ($116M), and Kazakhstan ($74.8M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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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 oils, oils from bituminous minerals, 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)$19.4B
IMPORTS (2022)$410M
NET TRADE (2022)$19B

In 2022, Azerbaijan imported $410M in Petroleum oils, oils from bituminous minerals, crude, 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 Petroleum oils, oils from bituminous minerals, crude 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 Petroleum oils, oils from bituminous minerals, crude 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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In 2022, Azerbaijan's main exporting competitors in Petroleum oils, oils from bituminous minerals, crude were:
In 2022, Azerbaijan's main importing competitors in Petroleum oils, oils from bituminous minerals, crude were:

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Trade Value of Petroleum oils, oils from bituminous minerals, crude by Exporters

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