BAKU, Azerbaijan, June 14. Industrial enterprises and individual entrepreneurs in Azerbaijan from January through May 2024 produced 26.2 billion manat ($15.4 billion) worth of products (a 11.49 percent reduction over the year), Trend reports.
According to the State Statistics Committee of Azerbaijan, during the reporting period of 2024, production in the oil and gas sector decreased by 0.2 percent, and in the non-oil sector, production increased by seven percent compared to the same period in 2023.
Meanwhile, the mining sector accounted for 64.7 percent of industrial output, the manufacturing sector accounted for 29.3 percent, the production, distribution, and supply of electricity, gas, and steam accounted for 5.1 percent, and the water, waste treatment, and recycling sector accounted for 0.9 percent.
Moreover, production of marketable oil in Azerbaijan from January through May 2024 decreased by 5.7 percent, and production of marketable gas increased by 4.1 percent compared to the same period in 2023.
In the manufacturing sector, production of construction materials increased by 38.8 percent; production of computer, electronic, and optical products - 37.5 percent; production of furniture - 36.6 percent; production of products of the metallurgical industry - 36.5 percent; production of cars, trailers, and semi-trailers - 31.3 percent; production of pharmaceutical products - 29.6 percent; production of rubber and plastic products - 25.7 percent; production of electrical equipment - 22.2 percent; and production of clothes - 21.3 percent.
The data from the State Statistics Committee indicate that processing of wood and production of wood products decreased by 7.2 percent, production of textile products - 11.1 percent, polygraphic products - 16.6 percent, installation and repair of machinery and equipment - 17.4 percent, production of vehicles - 18.4 percent, production of machinery and equipment - 19.5 percent, and production of industrial products - 67.5 percent.
During the reporting period, production in the sector of generation, distribution, and supply of electricity, gas, and steam decreased by 4.1 percent, while production in the sector of water supply, treatment, and waste processing increased by 11.7 percent compared to the same period last year.
To note, industrial enterprises and individual entrepreneurs in Azerbaijan produced 66.6 billion manat ($39.1 billion) worth of products in 2023.
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