Azerbaijan increases revenues from carbamide exports by 77%

In 2022, the carbamide exports of Azerbaijan amounted to $209.7 million, showing a $91.2 million or 77% growth compared to a year earlier, Report informs, citing the Export Review of the Azerbaijani Center for Economic Reforms Analysis and Communication.

In December 2022, Azerbaijan exported carbamide worth $11.1 million, down $14 million or 2.3 times from the previous year.

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.