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BAKU, Azerbaijan, March 11. Azerbaijan shipped out a whopping 35,000 tons of methanol (methyl alcohol) in January 2025
Data obtained by Trend from the State Customs Committee indicates that the revenue from this amount of methanol exports totaled $11.1 million.
Although the volume of exports decreased by 4,200 tons, or 10.8 percent, compared to the same period last year, the value increased by $3.8 million, reflecting a rise of 52.4 percent.
In the interim, Azerbaijan successfully executed the export of 39,200 tons of methanol, generating a revenue stream of $7.3 million in January 2024.
The price of methanol per ton in January 2024 was $318.2, marking a significant annual increase of $131.9, or 70.8 percent. In January of the previous year, the price stood at $186.3 per ton.
To note, methanol exports accounted for 0.40 percent of total exports and 3.29 percent of non-oil sector exports during the reporting period.
In general, Azerbaijan achieved a methanol export volume of 474,100 tons, resulting in a substantial revenue influx of $104.4 million in the fiscal year 2024.
