Industrial production up in Azerbaijan
Baku, Azerbaijan, Oct. 16
By Ilkin Shafiyev - Trend:
In January-September 2018, the value of industrial production (value of manufactured goods and rendered services of industrial nature) in Azerbaijan totalled 35.6 billion manats, which is 2 percent more than for the nine months of 2017, reads a report of Azerbaijan’s State Statistics Committee for January-September 2018.
The non-oil sector of Azerbaijan’s industry increased by 10.8 percent, and the oil sector grew by 0.7 percent compared to the same period of 2017.
The share of the private sector in the industrial sphere was 82.8 percent.
The production value in the extractive industry for the reporting period amounted to 23.12 billion manats (a 0.1 percent growth for the year) with a specific weight of 73.1 percent.
During the reporting period, Azerbaijan produced 25.8 million tons of oil, while production of natural gas for consumption amounted to 12.1 billion cubic meters.
During this period, oil production in Azerbaijan increased by 0.7 percent compared to the same period of 2017, and gas production grew 2.4 percent.
The output value in the processing industry was 7.94 billion manats (22.3 percent of the total value of industrial production), which is 12.1 percent more than in January-September 2017.
In this sector, the greatest growth was observed in the production of cars, trailers and semitrailers – 24.7 times, electrical appliances and tobacco products - 2.5 times, printing products - 2.8 times.
The share of production, distribution and supply of electricity, gas and steam in the total volume of industrial production accounted for 4 percent, while the share of water supply, waste treatment and processing accounted for 0.6 percent.
(1.7 manats = $1 on Oct. 16)
Follow the author on Twitter: @IlkinShafiyev