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Azerbaijan's oil exports to Thailand shooting through roof

Oil&Gas Materials 21 August 2024 20:46 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, August 21. Azerbaijan exported over 376,870 tons of oil and oil products to Thailand from January through July 2024, accounting for 2.56 percent of the country’s total raw material exports, Trend reports.

This figure jumped 7.74 times (or over 328,180 tons) from the previous year, according to statistics from Azerbaijan's State Customs Service.

In value terms, Azerbaijan’s oil and oil product exports to Thailand during this period totaled over $234.238 million, which is 8.97 times higher compared to the same period last year.

In 2023, Azerbaijan exported a total of 26.047 million tons of oil and oil products, a 0.09 percent increase from the previous year (26.024 million tons). In value terms, oil exports exceeded $16.24 billion, which is 16.64 percent or $3.242 billion less than the figure for the same period in 2022.

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