BAKU, Azerbaijan, March 18. Azerbaijan exported 12,400 tons of methanol (methyl alcohol) to Türkiye in January of this year.
Data obtained by Trend from the Azerbaijani State Customs Committee indicates that the revenue from methanol exports in this volume was $3.9 million.
The methanol exports to Türkiye grew by 2,100 tons, or 20.7 percent, in volume, and by $2 million, or two times, in value, compared to the same period last year (10,300 tons worth $1.9 million).
Azerbaijan shipped out a whopping 35,000 tons of methanol (methyl alcohol) in January 2025.
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 of this year 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.
Methanol exports accounted for 0.4 percent of total exports and 3.29 percent of non-oil sector exports during the reporting period.
In general, this January, Azerbaijan exported methanol to Israel, Türkiye, Italy, Slovenia, and Greece.