Baku, Azerbaijan, June 1
By Fidan Babayeva – Trend:
The volume of industrial goods and services in Azerbaijan’s capital Baku amounted to 10.6 billion manat ($6.24 billion) in the first four months of 2020, Trend reports referring to Baku City Statistics Department.
According to the department, 76.1 percent of industrial products accounted for the mining industry.
Share of processing sector in the total industrial production amounted to 21 percent, of electric power industry, as well as gas and steam production – 2.2 percent, of water supply, treatment and wastewater - 0.7 percent.
The share of the private sector in industrial production amounted to 78.7 percent.
The share of industrial products amounted to 85 percent, while industrial services – 15 percent in the total volume of production.
Most of the manufactured products were supplied to consumers. As of May 1, 2020, the stocks of finished products in the warehouses of industrial enterprises reached 257.4 million manat ($151.4 million), taking into account the reserves created in the previous periods.
Other products worth 74.6 million manat ($43.8 million) purchased from other enterprises and intended for sale are also stored in the warehouses of industrial enterprises.
In 2019, the volume of industrial goods and services in Baku amounted to 39.7 billion manat ($23.3 billion), which was 0.7 percent more compared to 2018.
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