Azerbaijan boosts oil exports to Bulgaria by 65% in Q1 2026

Azerbaijan significantly increased its exports of crude oil and petroleum products to Bulgaria in the first quarter of 2026, despite an overall decline in its total oil exports during the same period.

According to data from the State Customs Committee of Azerbaijan, cited by local media, Azerbaijan supplied more than 130.8 thousand tonnes of crude oil and petroleum products to Bulgaria between January and March. This volume accounted for 2.57% of the country’s total oil exports.

On an annual basis, shipments to Bulgaria rose by 65.05%, increasing by 51.56 thousand tonnes compared to the same period in 2025.

In value terms, exports to Bulgaria reached $67.86 million, reflecting a 40.71% increase, or $19.63 million, year-on-year.

At the same time, Azerbaijan’s overall exports of crude oil and petroleum products declined in the first quarter. Total export volumes amounted to 5.077 million tonnes, down 15.53% from 6.011 million tonnes recorded in the corresponding period of 2025.

In monetary terms, total export revenues exceeded $2.5 billion, but decreased by 25.05%, or $835.94 million, compared to January–March of the previous year.

For the full year 2025, Azerbaijan exported 165,525 tonnes of crude oil and petroleum products to Bulgaria, with a total value of $92.288 million.

By Tamilla Hasanova