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Main share in industrial production in Baku falls on mining sector

Economy Materials 5 May 2022 17:13 (UTC +04:00)
Main share in industrial production in Baku falls on mining sector
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, May 5. The volume of goods and services in Baku's industrial production amounted to 17.7 billion manat ($10.4 billion) in 1Q2022, Trend reports with reference to Baku City Statistics Department.

According to information, 84.8 percent of total volume fell on mining industry, 12.9 percent - manufacturing industry, 1.9 percent - production, distribution and supply of electricity, gas and steam, 0.4 percent - sector of water supply, waste treatment and processing.

Share of private sector in industry was 90.3 percent. Share of industrial products in total volume of production amounted to 92.6 percent, provision of industrial services - 7.4 percent.

The warehouses of industrial enterprises had stocks of finished products in the amount of 519.6 million manat ($305.6 million) as of April 1, 2022 and most of the products were sent to consumers.

Other products purchased from other enterprises and intended for sale in the amount of 80.4 million manat ($47.3 million) were in warehouses of industrial enterprises.

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