Azerbaijan reduced oil exports to Germany in 2024

12:39 - 12.02.2025


February 12, Fineko/abc.az. In 2024, Azerbaijan exported 1.164 million tons of oil to Germany, ABC.AZ reports, referring to the State Customs Committee.

The cost of oil exported to Germany was about $726 million.

During the year, the volume of exports decreased by 176,300 tons (13.1%), and its value - by $145.9 million (16.7%).

In 2023, Azerbaijan exported 1.341 million tons of oil to Germany for $879.1 million.

The average cost of 1 ton of oil exported to Germany last year was 1,060 manats (46 manats, or 4.1% more than in 2023).

In the list of crude oil exporting countries, Germany ranked 5th in 2024 and 4th in 2023.