BAKU, Azerbaijan, September 15. Azerbaijan’s
oil exports rose by 10.6% in value terms over the first eight
months of this year.
According to Trend’s calculations based on data from
Azerbaijan’s State Customs Committee, 14.678 million metric tons of
crude oil and petroleum products derived from bituminous rocks were
exported from Azerbaijan to other countries in the period from
January through August, totaling $9.282 billion.
The agency reports that, compared to the same period in 2025,
this represents an increase of $886 million, or 10.6%, in value
terms, while in volume terms, the figure decreased by 1.247 million
metric tons, or 7.8%.
The committee's data shows that in the period from January
through August 2026, Azerbaijan conducted trade transactions with
foreign countries totaling $33.238 billion.
The report emphasizes that over the reporting period,
Azerbaijan’s foreign trade turnover increased by $1.12 billion, or
3.49%, compared to the same period last year.
In addition, it is noted that of the total foreign trade volume,
$21.815 billion was accounted for by exports, and $11.423 billion
by imports. According to the agency’s calculations based on the
committee’s data, exports thus increased by $4.75 billion, or
27.83%, over the past year, while imports decreased by $3.63
billion, or 24.11%.
Consequently, Azerbaijan’s foreign trade balance posted a
surplus of $10.392 billion. Compared with the same period last
year, this figure increased by $8.379 billion, or 5.2 times.
