Azerbaijan decreases revenues from carbamide exports by 38%

In February 2023, the carbamide exports of Azerbaijan amounted to $8.8 million, showing a $5.9 million or 40.1% decline compared to a year earlier, Report informs, citing the Export Review of the Azerbaijani Center for Economic Reforms Analysis and Communication.

In January-February 2023, Azerbaijan exported carbamide worth $18.2 million, down $11.1 million or 37.9% in comparison to a year earlier.

The nitrogen fertilizer is produced in the SOCAR Carbamide Plant, of which the production capacity is 650-660,000 tonnes of carbamide using 435 million cubic meters of natural gas. The Plant was put into operation on January 16, 2019. Some 70% of the production is for export.