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Azerbaijan's industrial zones manufacture numerous previously imported products

Economy Materials 16 May 2022 20:04 (UTC +04:00)
Azerbaijan's industrial zones manufacture numerous previously imported products
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, May 16. A number of products previously imported into Azerbaijan are manufactured in the country's industrial zones, Chairman of the Agency for the Development of Economic Zones of Azerbaijan Elshad Nuriyev told Trend.

According to him, Azerbaijan has previously been importing nitrogen fertilizers, polymers, ferroalloys, tobacco, agricultural chemicals, face masks, syringes, textiles, and other products. All these items are being produced in the domestic market and exported abroad.

"The country has manufactured over 6.5 billion manat ($3.8 billion) worth of products in its industrial zones, so far. Industrial commodity exports amounted to 2.1 billion manat ($1.2 billion) - nearly 32 percent of the total volume. Thus, in the first quarter of 2021, the industrial product value totaled 373 million manat ($219.5 million), while in the same period of 2022 – 681 million manat, $400.79 million (an increase of 82.6 percent)," said Nuriyev.

He said exports from January through March 2022 grew by 2.7 times compared to the same period in 2021, up to 318 million manat ($187.16 million).

"Industrial output is exported to more than 40 countries," said the official.

He stressed that the share of products manufactured in Azerbaijan's industrial zones accounted for 14.8 percent, whereas the share of exports – for 36.3 percent of the total output, exceeding by 198.1 million manat ($116.59 million) the indicator of the same period in 2021.

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