BAKU, Azerbaijan, March 19. Azerbaijan exported 2,000 tons of methanol (methyl alcohol) to Greece in January of this year.
Data obtained by Trend from the Azerbaijani State Statistical Committee indicates that the revenue from this export volume amounted to $576,000.
It is noteworthy that Azerbaijan exported an impressive volume of 35,000 tons of methanol 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 2025.
The price of methanol per ton in January 2025 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.
Azerbaijan exported methanol to Israel, Türkiye, Italy, Slovenia, and Greece during the reporting period.