Baku: From January to October this year, Azerbaijan exported over 20 million tons of oil to 21 countries, with Italy emerging as the leading recipient, APA-Economics reports, citing the State Customs Committee. Azerbaijan exported 12,077,423.62 tons of oil valued at 6,231,517.13 thousand USD to Italy during this period.
According to Azeri-Press News Agency, the Czech Republic ranked second, importing 1,307,899.13 tons of oil worth 701,374 thousand USD. Croatia followed closely with 1,187,550.72 tons of oil worth 634,647.77 thousand USD. The report highlights that the figures represent the customs-registered value of the exported oil.
In total, Azerbaijan exported 20,754,593.06 tons of oil worth 10,849,719.29 thousand USD to 21 countries within the first ten months of the year. The ranking of countries based on the value of Azerbaijani oil exports shows Germany, Romania, and Portugal as other top destinations, with exports valued at 502,018.65 thousand USD, 475,935.69 thousand USD, and 430,730.82 thousand USD, respectively. Other notable importers include Great Britain, Greece, Ireland, and the Netherlands.