Croatia has significantly increased its oil imports from Azerbaijan in the first two months of 2025, marking a major shift in trade dynamics. According to Azerbaijan’s State Customs Committee, Croatia imported 338,900 tons of crude oil and derivatives from January to February 2025, valued at $188.2 million.
This represents a sharp rise compared to the same period in 2024, with an increase of $137.7 million—a remarkable 3.7-fold growth in value. In terms of volume, Croatia imported 259,700 tons more than last year, a 4.3-fold surge. This increase has positioned Croatia as the fourth-largest importer of Azerbaijani oil, underscoring the strengthening economic ties between the two nations.
During the same period, Azerbaijan exported a total of 4.8 million tons of crude oil and petroleum products, generating $2.7 billion in revenue. The growing demand for Azerbaijani oil reflects Croatia’s energy diversification strategy and increasing economic needs.
Total trade between Azerbaijan and Croatia reached $189.2 million in early 2025, marking a 3.7-fold increase compared to the previous year. While Croatia’s oil imports soared, its exports to Azerbaijan recorded a modest $966,000, reflecting a slight 2.9% year-on-year decline.
Azerbaijan’s foreign trade turnover for January-February 2025 amounted to $8.9 billion, a $1.7 billion increase (23.2%) compared to the same period in 2024. The oil sector continues to drive much of this growth, reinforcing Azerbaijan’s strategic role in the European energy market.
With Croatia’s rising oil imports and Azerbaijan’s expanding export reach, this evolving trade relationship highlights the importance of reliable energy partnerships in an increasingly dynamic global market. As both nations explore further collaboration in the energy sector, their economic ties are expected to strengthen, fostering greater stability and cooperation in the years ahead.
