BAKU, Azerbaijan, March 17. Azerbaijan exported over 8,200 tons of methanol to Italy in January 2025.
Data obtained by Trend from the State Statistical Committee indicates that the revenue from this methanol export amounted to approximately $2.6 million.
The export of methanol to Italy increased by over 2,000 tons, or 33 percent, in volume and by $1.5 million, or 2.3 times in value, compared to the same period last year.
Moreover, Azerbaijan exported over 6,000 tons of methanol to Italy, valued at $1.1 million for the same period in 2024.
To note, 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 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.
Moreover, Azerbaijan exported methanol to Israel, Türkiye, Italy, Slovenia, and Greece during the reporting period.