2023
Exports
$1.11BWorld Rnk 65 / 214
Flag Rnk 3 / 841
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$525MWorld Rnk 136 / 226
Flag Rnk 3 / 1170
2023
ECONOMIC COMPLEXITY of Azerbaijan
-0.43Rnk 84 / 132

About

Exports In 2023, Azerbaijan exported $1.11B in Refined Petroleum, making it the 65th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 3rd most exported product in Azerbaijan. The main destination of Refined Petroleum exports from Azerbaijan are: Turkey ($623M), Greece ($109M), Georgia ($95.4M), Ukraine ($43.9M), and Luxembourg ($36.4M).

The fastest growing export markets for Refined Petroleum of Azerbaijan between 2022 and 2023 were Turkey ($462M), Greece ($109M), and Georgia ($44M).

Imports In 2023, Azerbaijan imported $525M in Refined Petroleum, becoming the 136th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 3rd most imported product in Azerbaijan. Azerbaijan imports Refined Petroleum primarily from: Turkmenistan ($145M), Russia ($110M), Kazakhstan ($80.2M), Turkey ($46.7M), and Germany ($30.7M).

The fastest growing import markets in Refined Petroleum for Azerbaijan between 2022 and 2023 were Belarus ($18.2M), Lithuania ($17.9M), and Germany ($11.3M).

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 Refined 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 (2023)$1.11B
IMPORTS (2023)$525M
NET TRADE (2023)$583M

In 2023, Azerbaijan exported $1.11B in Refined Petroleum. The main destinations of Azerbaijan exports on Refined Petroleum were Turkey ($623M), Greece ($109M), Georgia ($95.4M), Ukraine ($43.9M), and Luxembourg ($36.4M).

In 2023, Azerbaijan imported $525M in Refined Petroleum, mainly from Turkmenistan ($145M), Russia ($110M), Kazakhstan ($80.2M), Turkey ($46.7M), and Germany ($30.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Azerbaijan WERE (2022 - 2023):
Turkey$462M (287%)
Greece$109M (733k%)
Georgia$44M (85.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Azerbaijan WERE (2022 - 2023):
United Arab Emirates-$44.2M (-88.4%)
Luxembourg-$42.4M (-53.8%)
United States-$39.4M (-79.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Azerbaijan's main exporting competitors in Refined Petroleum were:
In 2023, Azerbaijan's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
N/AN/AN/A
TOP IMPORT POTENTIALRussia+ $74.6M

Refined Petroleum’s highest export potential is N/A. With an export gap of N/A.   Refined Petroleum’s highest import potential is Russia with an import gap of $74.6M.

See methodology.

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