Azerbaijan nearly doubles revenues from carbamide exports

In March 2023, the carbamide exports of Azerbaijan amounted to $9.2 million, showing a $14.7 million or 2.6 times decline compared to a year earlier, Report informs, citing the Export Review of the Azerbaijani Center for Economic Reforms Analysis and Communication.

In January-March 2023, Azerbaijan exported carbamide worth $27.4 million, down $25.8 million or 1.9 times 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.