For the first quarter of this year in Azerbaijan's industrial production reached 8,553 million that in comparable prices by 1.8% less than in the same period of 2012.
The share of non-oil sector in the industrial production index with over 1.64 billion manat was 19.2%. In the non-oil industry saw growth of 2.9%, while in the oil sector, on the contrary, the decline at the same level, the State Statistics Committee told Turan.
The share of mining industry accounts for 6.4 bn AZN or 75% of industrial production. Since the beginning production in this area has decreased compared to the first quarter of 2012 by 3.8%.
In the processing industry produced goods worth 1.6 billion manat, which is 10.4% more than in January-March 2012. The production of food products increased by 0.9%, beverages - 17.1%, tobacco products - 11.8%, clothing - 31.1%, leather, leather products and footwear - 79%, paper and cardboard - 5, 2%, oil products - 14%, chemical products - 0.6%, construction materials - 62%, furniture - 3.4 times. - 08D-
Economics
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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