Azerbaijan's oil exports to India rise 4.9 times
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Azerbaijan’s oil exports to India jump 4.9 times in nine months
Energy

Azerbaijan’s oil exports to India jump 4.9 times in nine months

Azerbaijan shipped 524,337.96 tons of crude oil to India in the first nine months of this year, 4.9 times more by volume and 7.4 times more by value than in the same period last year.

The crude oil exports to India were valued at $399,206,990, according to customs data, with the country’s share of Azerbaijan’s total oil sales reaching 3.31%.

Azerbaijan’s customs authorities reported that the country sold a total of 15,829,589.9 tons of crude oil and bitumen-based oil products to world markets during the nine-month period, worth $10,103,482,510.

Azerbaijan’s overall foreign trade turnover for the nine months exceeded $37.211 billion. Of that total, exports accounted for $23.865 billion, while imports into the country stood at $13.346 billion.

Read also: India’s foreign minister visits Baku’s Ateshgah fire temple | Azerbaijan’s exports to Uzbekistan double in eight months, trade gap halves

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