BAKU, Azerbaijan, August 22. Azerbaijan exported over 640,080 tons of oil and oil products to Portugal from January through July 2024, which is 4.35 percent of total Azerbaijani exports of raw materials, Trend reports.
This indicator grew in yearly terms by 4.35 times, or by more than 547,130 tons, according to calculations based on data from the State Customs Service of Azerbaijan.
Azerbaijani exports of oil and byproducts to Portugal in value terms in the reporting period amounted to over $404.3 million, which is 2.75 times more compared to the same period last year.
To note, Azerbaijan exported a total of 26.047 million tons of oil and oil products in 2023, which is 0.09 percent more than in the same period last year (26.024 million tons). In value terms, oil exports exceeded $16.2 billion, which is 16.64 percent or $3.2 billion less than the figure for the same period in 2022.