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Azerbaijan airs its industrial zones-generated first-quarter earnings

Economy Materials 8 May 2024 13:53 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, May 8. In the first quarter of 2024, Azerbaijan's industrial zones manufactured products worth 640.3 million manat, or $376.6 million, Trend reports via the Economic Zones Development Agency.

According to the agency's data, exports from Azerbaijan's economic zones accounted for 223.6 million manat, or $131.5 million.

During the mentioned period, industrial zones contributed 14.6 percent to Azerbaijan's non-oil sector and 28.2 percent to non-oil product exports, with more than 70 countries being among the importers.

From 2015 to the first quarter of 2024, production totaled 12.74 billion manat, or $7.49 billion, with exports reaching 4.1 billion manat, or $2.4 billion.

Since 2013, industrial zones have granted resident status to 142 business entities with a combined investment of 7.79 billion manat, or $4.5 billion.

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