Azerbaijan posts 67% increase in profits from polyethylene exports

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According to customs declarations, Azerbaijan exported 79,300 tons of polyethylene in primary forms in January-July this year.

Report informs, citing the State Customs Committee, that the product’s value amounted to $91.1 million.

This is 6.3 percent less and 67.2 percent more, respectively, compared to the same period last year.

Over the past seven months, the share of polyethylene in non-oil exports was 6.73 percent and during the reporting period it made 0.8 percent in the country’s total exports.

SOCAR Polymer’s project includes plants for the production of polypropylene with an annual capacity of 184,000 tons and high-density polyethylene with a capacity of 120,000 tons per year.