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Oil and petroleum products’ exports from Azerbaijan to EU

Oil&Gas Materials 25 August 2020 11:35 (UTC +04:00)
Oil and petroleum products’ exports from Azerbaijan to EU

BAKU, Azerbaijan, Aug.25

By Leman Zeynalova – Trend:

Oil and petroleum products’ exports from Azerbaijan to European Union (EU) countries stood at 2,023,202 tons in January 2020 and 2,112,208 tons in February 2020, Eurostat told Trend.

These figures amounted to 2,622,882 tons and 1,766.656 tons, respectively in the same period of 2019.

In particular, Czechia imported 219,000 tons of oil and petroleum products from Azerbaijan in January 2020, 189,000 tons in February 2020, 69,000 tons in March, 78,000 in April and 139,000 tons in May.

Germany imported 185,750 tons, 269,197 tons, 128,063 tons, 102,729 tons and 206,809 tons from January through May.

Azerbaijan exported 19.5 million tons of oil from January through July 2020, which is 0.02 percent more compared to the same period of 2019, according to the statistical report of the State Customs Committee (SCC).

According to the report, the total volume of exports of petroleum products in the reporting period amounted to $6.3 billion, showing an annual decrease of 48.6 percent.

During seven months of 2020, the volume of exports of petroleum products amounted to almost 705,797 tons, which is 15.4 percent more compared to the same period of last year.

The volume of exports from Azerbaijan during the reporting period of this year totaled $9.1 billion, having shown a 33.6 percent drop year-on-year.

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Follow the author on Twitter: @Lyaman_Zeyn

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