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Value of industrial production in Azerbaijan exceeds $24B

Business Materials 12 December 2019 15:27 (UTC +04:00)

BAKU, Azerbaijan, Dec. 12

By Anastasia Savchenko - Trend:

From January through November 2019, the value of industrial production (volume of manufactured products and rendered industrial services) in Azerbaijan amounted to 42.2 billion manat ($24.8 billion), which is 1.4 percent more than in the same period last year, Trend reports with reference to the State Statistics Committee.

Production in the non-oil industry sector increased by 13.9 percent, according to the report.

Some 70 percent of industrial production accounted for the extractive sector, 25.1 percent - for the processing sector, 4.2 percent - for the production, distribution and supply of electricity gas and steam, and 0.7 percent - for the production in the sector of transportation, processing and waste recycling.

Oil production in the reporting period decreased by 3.4 percent, and commercial gas production increased by 27.1 percent.

During the reporting period, an 80.6-percent increase was recorded in the processing of wood and the production of wood products. The production of finished metal products also increased by 82.4 percent, tobacco products - by 55.7 percent, drinks - by 40 percent, computer, electronic and optical products - by 37.7 percent.

This is while industrial production increased by 36.2 percent, production of installation and repair of machinery and equipment - by 30.9 percent, furniture production - by 29.5 percent, chemical production - by 27.3 percent, paper and cardboard production - by 23.4 percent, output of printing products - 39.9 percent, rubber and plastic products - 17.1 percent, pharmaceuticals - 24.7 percent, food - 10.4 percent, clothing - 11.5 percent, electrical equipment – 1.3 percent and production of building materials - by 4.4 percent.

The production of oil products decreased by 3.7 percent, products of the metallurgical industry - by 11.7 percent, leather and leather products, footwear - by 1.3 percent, cars, trailers and semi-trailers - by 24.3 percent and other vehicles - by 10 percent.

Production in the sectors of distribution and supply of electricity, gas and steam increased by 2.6 percent, in the sector of transportation, processing and waste recycling - by 5.9 percent.

($1= 1.7 manat on Dec. 12)

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