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Chemical production in Azerbaijan grows

Finance Materials 12 April 2020 11:44 (UTC +04:00)
Chemical production in Azerbaijan grows

BAKU, Azerbaijan, Apr.12

By Fidan Babayeva – Trend:

Azerbaijan produced chemical goods, pharmaceuticals, rubber and plastic products worth 950.5 million manat ($559.1 million) in 2019, Trend reports referring to a report on the activity of the Azerbaijani Cabinet of Ministers in 2019 submitted to the country’s parliament.

According to the report, output of chemical products increased by 25.6 percent, pharmaceuticals – by 22 percent, rubber and plastic products – by 20.6 percent compared to 2018.

In 2019, industrial companies manufactured metallurgical and finished metal products worth 759.4 million manat ($446.7 million).

Output of the finished metal products in the reporting year was 80 percent more compared to 2018.

Meanwhile, the metallurgical products were exported to bring revenue of $96 million.

In 2019, mechanical engineering products worth 317.9 million manat ($187 million) were manufactured in the country.

Output of the machinery and equipment in the reporting year increased by 80 percent, and production of cars, trailers and semi-trailers decreased by 17.7 percent compared to 2018.

Computer, electronic and optical products, as well as electric equipment in the amount of 276.3 million manat ($162.5 million) were manufactured, which is 51.8 percent more compared to 2018.

($1= 1.7 manat on Apr.12)

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