Azerbaijan sharply increases methanol exports to Italy

Azerbaijan exported 99,633 tons of methanol (methyl alcohol) worth $21.5 million in January-May 2023, down 14% and 42%, respectively, from the previous year, Report informs, citing the State Statistical Committee.

Below are the countries that imported methanol from Azerbaijan in the reporting period:

- Italy – 27,073 tons (+4.4 times) worth $5.96 million (+3 times);
- The Netherlands – 4,157 tons (-10%) worth $3.97 million (-40%);
- Romania – 18,707 tons (-24%) worth $3.95 million (-50%);
- Latvia – 14,533 tons worth $3.2 million;
- Türkiye – 12,471 tons (-71%) worth $2.5 million (-82%).