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Azerbaijan increases industrial production in 5M2022

Economy Materials 13 June 2022 16:42 (UTC +04:00)
Azerbaijan increases industrial production in 5M2022
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, June 13. Industrial enterprises and individual entrepreneurs in Azerbaijan produced industrial products worth 34.9 billion manat ($20.5 billion) from January through May 2022, which is 3.3 percent more than in the same period in 2021, Trend reports with reference to the State Statistics Committee of Azerbaijan.

According to the committee, production in oil and gas sector increased by 1.1 percent, in non-oil sector - by 14.3 percent from January through May 2022 compared to the same period in 2021.

At the same time, 75.7 percent of industrial production fell on mining sector, 20.3 percent - on manufacturing sector, 3.5 percent - on production, distribution and supply of electricity, gas and steam, 0.5 percent - on water supply, purification and waste processing.

Commercial oil production decreased by 2.7 percent in Azerbaijan from January through May 2022, and commercial gas production increased by 18.5 percent compared to the same period in 2021.

The growth in the production of building materials in processing industry amounted to 64 percent, production of pharmaceuticals - 2.1 times, paper and cardboard - 17.5 percent, in chemical industry - 25.2 percent, clothing - 50.6 percent, cars, trailers and semi-trailers - 2.9 times, electrical equipment - 56.7 percent, machinery and spare parts - 51.9 percent, finished metal products - 43.3 percent, metallurgical products - 34.2 percent, rubber and plastic products - 19.9 percent , foodstuffs - 8.9 percent, lumber and products from them - 6.8 percent.

Production in textile industry decreased by 20.5 percent from January through May 2022, production of beverages - by 10.4 percent, leather and products from it - by 4.7 percent, oil products - by 18.4 percent, tobacco products - by 7.2 percent, computer and optical products - by 4.3 percent compared to the same period last year.

The volume of production in the sector of production, distribution and supply of electricity, gas and steam increased by 2.4 percent from January through May 2022, and in sector of water supply, waste treatment and recycling - by 9.2 percent compared to the same period in 2021.

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