BAKU, Azerbaijan, May 16. The export volume of Azerbaijan's oil, declared by the State Customs Committee (SCC) under nomenclature code 2709, and relevant revenues decreased from January through April 2024 year-on-year, Trend reports via SCC.
Thus, the volume experienced an almost 25 percent decline, amounting to 6.9 million tons, and revenue from the sale of the specified volumes of oil was $3.49 billion, which is a drop of 18.27 percent.
Meanwhile, the share of oil in Azerbaijan's overall export composition reached 53.43 percent. This marks an increase compared to year-on-year figures when oil accounted for 45.42 percent of the country's total exports.
In the period mentioned, a total of 19 countries became customers of Azerbaijani oil.
The leading trio comprises Italy, which purchased 2.4 million tons of oil valued at $1.5 billion, followed by India with 802,000 tons worth $512 million and 441,000 tons worth $294,000 million.
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