Baku:Azerbaijan has witnessed a significant surge in its crude oil exports to India, with a reported increase of over sevenfold in value from January to September 2026.
According to Azerbaijan State News Agency, the country exported 524,337.96 tons of crude oil to India during this period, marking a 4.9-fold rise compared to the same timeframe the previous year. This increase amounts to an additional 416,851.84 tons of crude oil exported.
The value of crude oil exports to India reached $399,206,990, which is a 7.5 times increase, or $345,672,590 more than the previous year. India's share of Azerbaijan's total crude oil exports accounted for 3.31 percent during this period.
Overall, Azerbaijan exported 15.83 million tons of crude oil and petroleum products derived from bituminous minerals, valued at $10.1 billion, considering all crude oil exports that completed customs clearance during the reporting period.