Azerbaijan names its top exported goods

BAKU, Azerbaijan, September 23. Azerbaijan exported products worth over $24.3 billion from January through August 2023, which is 7.2 percent less year-on-year ($26.2 billion), Trend reports.

The data of the State Customs Committee of Azerbaijan shows that 18.5 billion tons of crude oil products and crude oil from bituminous rocks worth $11.2 billion (up 2.9 percent year-on-year), 17.3 billion cubic meters of natural gas (gaseous) worth $10.4 billion (up 15.53 percent), 2.8 billion kilowatts per hour of electricity worth $315 million (up 4.35 times), 678.4 million tons of petroleum and petroleum products derived from bituminous rocks (excluding crude products), as well as products containing 70 or more mass percent of petroleum or petroleum products worth $403.9 million (up 64.32 percent), and 546.8 million tons of cement (finished or in clinker form) worth $31.1 million (up 22.15 percent) was exported from January through August 2023.

It is worth noting that for the first eight months of 2023, the share of crude oil products and crude oil from bituminous rocks in total exports is 46.13 percent, natural gas (gaseous) is 42.92 percent, electricity is 1.29 percent, crude oil and oil products derived from bituminous rocks (excluding crude products) and products containing 70 or more mass percent oil or oil products is 1.66 percent, and cement (finished or in clinker form) is 0.13 percent.

Top 5 groups of goods exported by Azerbaijan in total value:

Moreover, Azerbaijan's foreign trade turnover increased by 1.12 percent, or $392.1 million, from January through August 2023 year-on-year, from $35.1 billion to $35.5 billion.