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Kazakhstan boosts export of oil, petroleum products to Azerbaijan

Kazakhstan Materials 19 February 2024 18:00 (UTC +04:00)
Madina Usmanova
Madina Usmanova
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ASTANA, Kazakhstan, February 19. Kazakhstan has exported about 338,000 tons of oil and petroleum products to Azerbaijan in 2023, Trend reports.

According to the Kazakhstan's State Revenue Committee, this volume exceeds the figure for 2022 by 38.8 percent.

At the same time, the total value of exported oil and petroleum products amounted to $169.8 million.

Meanwhile, the volume of trade turnover between Kazakhstan and Azerbaijan amounted to $529.4 million in 2023. The volume of trade turnover increased by 14.2 percent compared to the same period in 2022 ($463.3 million).

At the same time, in the structure of trade turnover, exports to Azerbaijan for the above period amounted to $456.3 million, which is 21.6 percent more than from January through December 2022.

In addition, imports from Azerbaijan from January through December 2023 decreased by 17.3 percent and amounted to $73 million. For 2022, imports amounted to $88.3 million.

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